Far Eastern New Century
Far Eastern New Century Corporation (FENC), headquartered in Taiwan (TW), is a leading player in the textile and petrochemical industries. Founded in 1954, FENC has established a strong presence across Asia, with significant operations in China and Southeast Asia. The company is renowned for its innovative production of polyester and nylon products, as well as its commitment to sustainability through recycling initiatives. FENC's core offerings include high-performance fibres, functional textiles, and eco-friendly materials, setting it apart in a competitive market. With a focus on research and development, the company has achieved notable milestones, including advancements in biodegradable materials. As a key supplier to global brands, Far Eastern New Century continues to strengthen its market position, recognised for its quality and environmental stewardship.
DitchCarbon Score
How does Far Eastern New Century's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Textile Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Far Eastern New Century's score of 72 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Far Eastern New Century's reported carbon emissions
In 2024, Far Eastern New Century Corporation (FENC) reported total greenhouse gas emissions of approximately 12,890,000,000 kg CO2e, with emissions distributed across various scopes: 934,000,000 kg CO2e (Scope 1), 664,000,000 kg CO2e (Scope 2, market-based), and 11,289,000,000 kg CO2e (Scope 3). The company has set ambitious targets to reduce its emissions, committing to a 42% reduction in absolute Scope 1 and 2 emissions by 2030 from a 2022 baseline, alongside a similar target for Scope 3 emissions. FENC's previous years' emissions data shows a trend of significant emissions, with 2023 figures at approximately 11,531,000,000 kg CO2e (Scope 3), 1,016,000,000 kg CO2e (Scope 1), and 806,000,000 kg CO2e (Scope 2, market-based). The company aims to achieve a 30% reduction in Scope 1 and 2 emissions from 2020 levels by 2030, with a near-zero target for both scopes by 2025. In terms of achievements, FENC reported a 25% reduction in Scope 1 and 2 emissions by 2023 compared to the 2020 baseline, reaching a total of 1,822,000,000 kg CO2e. The company is also investing approximately NT$19.4 billion between 2022 and 2030 to support its carbon reduction strategies, which are expected to avoid around 1.32 million tonnes CO2e. FENC's climate commitments are aligned with the Science Based Targets initiative (SBTi), reinforcing its dedication to sustainable practices within the chemicals sector. The company is on track to meet its near-term targets and aims for net-zero emissions by 2050.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 1,272,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 |
| Scope 2 | 1,160,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Far Eastern New Century is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
