Commitment

• Amid growing environmental challenges across the globe, additional attention is required from the corporate community to protect the natural capital and enhance sustainable development. Therefore, FENC is putting its focus on reaching nature positive, incorporating nature-related reporting from the Taskforce on Nature-related Financial Disclosures (TNFD) to create an economic model that reverses nature loss and fosters nature positive.
• FENC aims for no net loss (NNL) and zero deforestation for its own operation, striking a balance and seeking harmony between production activities and biodiversity. FENC also maintains rapport with local communities and environmental organizations, forming a coalition to safeguard ecological health on Earth.
• The mitigation hierarchy will be used as one of the reference frameworks, with measures taken in the following order: Avoidance, Minimization, Restoration, and Offset, to mitigate impacts on biodiversity.

Goal

• FENC aims to minimize the impact on biodiversity to the greatest extent throughout the production process while protecting local natural resources and ecosystems. extent.

Measure

• Biodiversity risk assessments are conducted when selecting locations for production sites. Developed or low-biodiversity areas are prioritized to prevent impacts on protected or high-biodiversity areas.
• All FENC sites adhere strictly to local environmental regulations during the entire production process, controlling the generation and discharge of GHG emissions, effluents, air pollutants and waste, reducing water and soil pollution, and adopting renewable raw materials and energy.
• FENC conducts environmental monitoring and assessment with regular reports on performance and improvement plans to applicable stakeholders.

Note: The scope of the commitment includes our own operations as well as key value chain partners, including raw material suppliers and other business partners.

Locate

Locate hotspots related to business operation and nature

Evaluate

Evaluate dependencies and impacts on nature

Assess

Access nature-related risks and opportunities

Prepare

Prepare response strategies and implement actions

• Define the scope and boundary of the assessment.
• Determine the connection between the value chain and surrounding ecosystems to identify critical nature-sensitive locations.

• Evaluate value chain’s high dependency and impact on natural capital.
• Compile and analyze the results to identify issues and locations of critical natural capital within the supply chain.

• Analyze international reports and industry status to compile lists of risks and opportunities associated with critical natural capital.
• Identify nature-related material risks and opportunities within the value chain.
• Quantify major nature-related risks and opportunities using methods such as scenario analysis and financial quantification as a reference for decision-making.

• Establish management measures and targets.
• Implement nature-related performance disclosure and engagement.
• Report the performance and progress regularly to the Sustainability Committee and the Board.