System Establishment and Management

All production sites completed environmental impact assessments in accordance with the regulatory requirements prior to plant construction. Plant 2 of OPTC conducted an environmental monitoring report during operation in the second quarter of 2023. Among the monitored categories are air quality, water quality and ecology. No unusual occurrences were identified, and the monitoring will continue. Among the categories monitored, groundwater quality is not impacted by activities that take place at FENC production sites. Rather, the influencing factors include regional hydrogeological and environmental conditions. The monitoring will be ongoing and the Company will fulfill all commitments identified in the environmental impact assessments.

Biodiversity and No Deforestation Commitment

Value Chain Collaboration

FENC has been partnering with adidas since 2016 to transform waste PET bottles purchased from Parley for the Oceans into new products. The bottles, which were collected during beach cleaning from the island nations, are pressed into PET bales after processing, and shipped to OGM for recycling and further processing. They are ultimately transformed into recycled ocean polyester filament, and become the material for high-value products such as athletic footwear and functional apparel.

Avid Support for Governmental Policies

In 2022, the Office of Coast and Resource Circulation, Taoyuan City Government formed the Taoyuan Blue Ocean Recycling Alliance with corporate entities and technical teams. OGM, as a member of this alliance, is responsible for processing the waste PET bottles collected by the Taoyuan City Government. After rinsing and shredding, the bottles are turned into flakes and chips, ready for the spinning process at the filament units. The remanufacturing then takes place, transforming the bottles into eco-friendly textile products such as apparel, shoes, bags and blankets, which are gifted to the participants or volunteers during beach cleaning. According to the governmental statistics, a total of 24.1 metric tons of ocean waste PET bottles have been given second lives as eco-friendly clothing as of the end of September 2023.