While pursuing sustainable management, FENC takes into account recommendations from as well as impacts on stakeholders in order to foster sustainable growth for the Company and the society.
Each year, Sustainability Implementation Committee identifies stakeholders and material topics for FENC. A survey is administered every 3 to 4 years to collect feedback from external sources. The last survey was conducted in 2019, and 576 surveys were collected. The stakeholders and material topics identified are approved by high-level executives to ensure that FENC’s sustainable management and the content of FENC Sustainability Report are in line with the expectations of the stakeholders.
COVID-19 magnified the impact of the material topic, Perfecting Risk Management, on stakeholders, corporate sustainability, external economy, environment and society. Considering the increasing influence of "media" on corporate management in recent years, it is listed as one of the major stakeholders.
Analysis Process and Outcome
8 categories of stakeholders are identified.
Analysis Process of Stakeholders and Material Topics
FENC Major Stakeholders
Matrix of FENC Material Topics
1. The significance of each material topic to FENC and management guidelines will be elaborated in “Material Topics”.
2. There are 7 other topics of concerns, including “Construct happy workplace”, “Foster employee career planning", “Promote product marketing”, “Coordinate sustainable supply chain development”, “Cultivate compassionate bonds”, “Optimize land resources”, “Build sustainable community”.
3. “Optimize land resources” and “Build sustainable community” apply to FERD only; “Construct happy workplace”, “Foster employee career planning” and “Reinforce environmental safety and health management” apply to production business only.
Online Survey on Issues Related to Corporate Sustainability for Far Eastern New Century