FENC slashes GHG emissions 25% in four years
Taiwanese performance fabrics manufacturer Far Eastern New Century (FENC) has set out established ambitious goals for 2030, which include a 50% reduction in carbon emissions, green products constituting 50% of total production, and green raw materials comprising 50% of sourcing.
FENC Polyester Busines passed the Science Based Targets initiative (SBTi) for its greenhouse gas (GHG) emissions reduction pathway in July, in line with the Paris Agreement's 1.5°C trajectory to mitigate the effects of climate change and cap global temperature.
The supplier has committed to achieving net zero by 2050 by improving energy efficiency; transitioning to low-carbon fuels; developing renewable energy; utilising carbon capture, utilization and storage (CCUS) technologies; and changing raw material usage. In 2023, the total of Scope 1 and 2 greenhouse gas emissions decreased 25% compared with the baseline year of 2020.
Its fabrics made with waste gas recycling technology won awards such as the Red Dot Design Award and the iF Design Award and its chemical textile recycling technology is nearing commercialisation.
FENC's green products generated NT$47.7 billion (£1.1 billion) in revenue in 2023, a 4% increase compared with the previous year, accounting for one third of its revenue.
