遠東新世紀股份有限公司〈原遠東紡織〉,乃台灣規模最宏大、最多元化的紡織及相關產品製造者。本公司共分化纖、紡織、石化、土地開發與轉投資五大事業。

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Sustainable Vision

Sustainable Vision

With innovation as the cornerstone, FENC builds a sustainable future with its partners

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Material Topics

FENC engages with stakeholders to determine material topics each year, establishes management approaches and effectiveness evaluating mechanisms, and designates authority to respond to stakeholders.

Prevent and Control Environmental Pollution

Significance and Purpose for FENCFENC cherishes natural habitat and resources. We are dedicated to keeping pollutants from damaging local environment. By recycling and upcycling land and ocean waste, we prolong the life cycle of natural resources, and safeguard biodiversity and environmental sustainability.
Management Approaches and Effectiveness Evaluation Mechanisms
  • Establish pollution reduction targets.
  • Introduce innovative production and facilities.
  • Environmental impact assessment for new plant locations.
  • Establish corporate authority to track progress.
Authority
  • Energy Task Force
  • All production sites

Perfect Risk Management

Significance and Purpose for FENCIdentify risks factors posing major impact to corporate activities, establish assessment approach or improvement measures to reduce operational risks and avoid financial loss or damage to reputation. 
Management Approaches and Effectiveness Evaluation Mechanisms
  • Establish Risk Management Policies and risk control system to make dynamic adjustments and optimization and ensure system effectiveness.
  • Implement staff training to increase risk awareness.
  • Conduct monthly Risk Management Meeting to monitor risk indicators and regulatory compliance.
  • Regularly conduct plant risk ranking project to reduce operational risks.
  • Conduct multiple monthly meetings to ensure management of and focus on risk issues from the highest governing entity.
Authority
  • Corporate Management
  • FENC Sites

Implement Sustainable Development

Significance and Purpose for FENC

In the spirit of sustainable development, FENC creates diverse values for stakeholders and aspires to set the paradigm of sustainable corporation through non-stop refinement in the perpetual pursuit to perfect humanities. 

Management Approaches and Effectiveness Evaluation Mechanisms

  • Establish Sustainability Committee with the Board as the highest governing entity.
  • Establish Sustainability Principles and FENC Sustainability Strategic Blueprint to implement various CSR projects and report to the Board.
  • Take part in domestic and international sustainability evaluation, forums and conferences, interact with stakeholders, and review and modify directions for corporate sustainability.

Authority

  • Sustainability Implementation Committee

Instigate Production and Product Innovation

Significance and Purpose for FENCInnovation is the entrepreneur spirit that has been guiding FENC. With tremendous R&D momentum, we develop forward-looking products and transition into smart production and product services, making sustainability a reality through innovation, and generating green opportunities with circular economy.
Management Approaches and Effectiveness Evaluation Mechanisms
  • Establish R&D Center and continue to infuse resources into the research and development of innovative products and production.
  • Generate business opportunities through differentiation, value-adding and advantage in green products.
Authority
  • All Production Sites
  • R&D Center

Reinforce Environmental Safety and Health Management

Significance and Purpose for FENCWe strive for reducing workplace risks to protect the health and safety of staff and contractors. Our goals are to achieve zero occupational injury and incident, minimizing the impacts of business operations on local communities and preventing any accidents caused by inadequate management.
Management Approaches and Effectiveness Evaluation Mechanisms
  • Establish Occupational Safety and Health Committee
  • Identify, evaluate and control risks at workplace or in operational procedure.
  • Enhance the management of machinery, equipment and facilities.
  • Provide personal protective equipment.
  • Adopt effective management measures regarding the procurement, use and storage of chemicals.
  • Arrange regular health checkups for workers and conduct health promotion and management projects
  • Conduct investigation, statistical analysis and measures regarding occupational injuries
  • Require that suppliers comply with FENC safety and health standards and provide applicable training
Authority
  • Labor Safety and Health Department
  • Safety and health units at all business sites

Refine Operational Performance and Strategies

Significance and Purpose for FENCAiming for sustainability, FENC takes steady strides toward refining industry strategies. We maintain our industry leading status, spearhead industry growth and promote economic development.
Management Approaches and Effectiveness Evaluation Mechanisms
  • Continue expand production capacity and establish diverse production base and products.
  • Regularly conduct management review meetings, track business performance and require improvements from applicable units.
  • Conduct quarterly Board Meetings to ensure continuation and adequacy of strategic directions.
Authority
  • Presidents of Corporate Management
  • Presidents of Petrochemical Business
  • Presidents of Polyester Business
  • Presidents of Textile Business

Elevate Energy and Resource Efficiency

Significance and Purpose for FENCFENC regards natural resources as shared resources. Our goal is to improve the efficiency of energy and resource use to avoid depletion due to over consumption.
Management Approaches and Effectiveness Evaluation Mechanisms
  • Establish targets for reducing energy and resource use.
  • Appropriate budget and establish intercompany authority.
  • Implement reduction projects and regularly performance tracking.
  • Obtain international certifications such as ISO 14001 and ISO 50001.
Authority
  • Energy Task Force
  • All production sites

Enhance Corporate Image

Significance and Purpose for FENCCorporate image is the company's intangible assets. One of the main key factors for a company to succeed is to demonstrate values by shaping a high-quality corporate image both externally and internally.
Management Approaches and Effectiveness Evaluation Mechanisms
  • Master external environmental changes, understand industry trends and movements.
  • Shape a corporate culture that conforms to the founding motto and corporate mission.
  • Maintain smooth and harmonious communication with external stakeholders to demonstrate corporate credibility.
  • Strengthen internal contact among employees, enhance organizational transparency and create a good working atmosphere.
Authority
  • Corporate Management
  • Petrochemical Business
  • Polyester Business
  • Textile Business

Build Customer Rapport

Significance and Purpose for FENCWe establish committed dialogues with customers to help them achieve sustainability goals, and maintain rapport by providing diverse and innovative products with quality and the best after-sales service, building the reputation as a corporation that fosters both revenues sustainability.
Management Approaches and Effectiveness Evaluation Mechanisms
  • Establish Regulations Governing Customer Relationship Management as the principle guiding customer relations.
  • Conduct 2 company-wide Sales Meetings each month to stay current on market trends and review sales conditions.
  • Managers of business units are to monitor interaction between sales and customers and conduct customer satisfaction surveys to maintain customer orders.
Authority
  • Petrochemical Business
  • Polyester Business
  • Textile Business

Govern with Steady Pace

Significance and Purpose for FENCWith integrity as the highest guiding principle, FENC constructs a sound framework to balance corporate governance and stakeholders' interests, and protecting stakeholders' rights by strengthening corporate performance and management.
Management Approaches and Effectiveness Evaluation Mechanisms
  • Designate corporate governance staff and Corporate Governance Task Force to implement tasks targeting business integrity, regulatory compliance, rules of procedures and public information.
  • Establish rules and regulations governing Board Meetings and conduct annual self-evaluation.
  • Incorporate external Corporate Governance Evaluation and internal control system to evaluate the effectiveness of operational procedures.
Authority
  • Corporate Governance Officer
  • Corporate Governance Task Force

Boost Stakeholder Dialogue

Significance and Purpose for FENCBy constructing a comprehensive communication channel, FENC listens to the opinions of stakeholders to ensure that its business strategy and future development meet the expectations of stakeholders.
Management Approaches and Effectiveness Evaluation Mechanisms
  • Build communication channels for stakeholders to ensure smooth communications.
  • Prompt report important stakeholders' communication contents to ensure that important information is conveyed.
  • Periodically evaluate the communication process mechanism to improve the communication quality of stakeholders
  • Annual report to the board of directors of the previous year's stakeholder communication results.
Authority
  • Corporate Management
  • Petrochemical Business
  • Polyester Business
  • Textile Business

Respond to Climate Change

Significance and Purpose for FENCFENC evaluates the risks and opportunities brought by climate change, responding with strategies and implementations that avoid GHG emissions and slow down global warming.
Management Approaches and Effectiveness Evaluation Mechanisms
  • Conduct R&D on products that mitigates effects of climate change.
  • Continue to expand the scope and category of GHG inventory.
  • Increase the use of renewable energy.
  • Obtain international certifications such as ISO 14001 and ISO 50001.
Authority
  • Energy Task Force
  • All production sites

Construct Happy Workplace

Significance and Purpose for FENCFENC is dedicated to promoting human rights. We defend our employees with actions and maintain corporate competitiveness. When implementing human resources policies at all FENC sites, labor rights take precedence. During the COVID-19 pandemic, we help employees from our global locations understand future directions, and share the reward of corporate performance with them. We take care of employees' physical and mental well-being, implement local employment and provide transparent promotion track.
Management Approaches and Effectiveness Evaluation Mechanisms
  • Conduct regular payroll study to ensure competitive wage and salary.
  • Examine cause for turnover among key staff and shorten staff transition period.
  • Review employee satisfaction and reinforce shortcomings.
  • Ensure 100% implementation of human rights education.
Authority
  • Human resources department at each Business
  • Highest ranking manager at each SBU

Coordinate Sustainable Supply Chain Development

Significance and Purpose for FENC

FENC forms partnerships with the supply chain to ensure that products and services provided by suppliers meet quality, environmental and labor rights requirements. With collaborative efforts, we achieve sustainable supply chain development as a response to customers' sustainability goals.

Management Approaches and Effectiveness Evaluation Mechanisms

  • Request the signing of Supplier CSR Commitment Statement from suppliers.
  • Monitor and supervise supplier conducts and conditions through open communication and regular meetings.
  • Procurement units evaluate environmental, labor, human rights and social impacts from suppliers and may provide assistance or terminate contracts depending on the severity.

Authority

  • Raw Material Task Force
  • FEG Purchasing Department
  • Procurement unit at business sites

Promote Product Marketing

Significance and Purpose for FENCWe appeal to customers with diverse marketing approaches by tracking customer needs, meeting market demands for new products, strengthening sales abilities and polishing corporate and product image.
Management Approaches and Effectiveness Evaluation Mechanisms
  • Actively participate in exhibitions, presenting the latest products and documenting performance such as the number of visitors and orders as well as business development to align sales directions.
  • Obtain product certifications and ensure compliance with international standards.
Authority
  • Petrochemical Business
  • Polyester Business
  • Textile Business

Foster Employee Career Planning

Significance and Purpose for FENCIn the spirit of sustainable development, we value talent development and provide comprehensive training to foster professional competency at all stages.
Management Approaches and Effectiveness Evaluation Mechanisms
  • Adopt project-specific management approaches and evaluate the results with the Kirkpatrick Model.
  • Level 1 - Reaction: Assess satisfaction towards training programs with in-class evaluation and after-class satisfaction survey.
  • Level 2 - Learning: Validate training effectiveness with tests, work application reports, summary reports, etc.
  • Level 3 - Behavior: Review the application of acquired knowledge and skills through action plan, follow up survey from supervisors, individual development plan (IDP), etc.
  • Level 4 - Results: Examine the effects of behavioral changes on performance through individual or organizational performance review.
Authority
  • Human Resources Development Center
  • Human resources unit at business sites
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