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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FENC Sustainability
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Sustainable Governance

Sustainable Governance

Corporate sustainability is built upon robust governance. FENC pursues sustainable governance to create sustainable prosperity

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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.

Develop green products （G、E）
March towards net zero （G、E、S）
Steer environmental management （E、S）
Elevate energy and resource efficiency（E）
Instigate production and product innovation （G）
Implement sustainable development （E、S）
Hone product management （G、E、S）
Build sustainable community （E）
Refine operational performance and strategies （G）
Perfect risk management （G）
Enhance corporate sustainable image （G、E、S）
Govern with steady pace （G）
Build customer rapport（G、S）
Reinforce occupational safety and health management （S）
Optimize land resources （G）
Shape sustainable supply chain （G、E、S）
Mold Harmonious and diverse workplace （S）
Boost stakeholder dialogue （S）
Foster Employee Career Planning （S）
Fortify Digital Resilience （G）
Cultivating Compassionate Bonds （S）
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Develop Green Products

Significance and Purpose of Management for FENCTo respond to the risks and opportunities posed by climate change while helping brand customers fulfill their green commitments, a total green transformation has begun at FENC. The Company revolutionized the product lineups with climate-mitigating features as in the eco-friendly series to foster sustainable development.
Management Approaches and
Effectiveness Evaluation Mechanisms
  • Focus on recycle, replace and reduce as well as develop eco-friendly products.
  • Obtain green product labels and certifications.
Authority
  • Petrochemical Business
  • Polyester Business
  • Textile Business

March Towards Net Zero

Significance and Purpose of Management for FENCFENC evaluates the risks and opportunities brought by climate change and responds with concrete strategies. The Company implements a broad range of projects aiming to avoid GHG emissions. By forging alliances with its global partners, the Company strives to mitigate global warming. Disclosures on GHG management performance include emissions; reduction targets and progress; renewable energy use and implementation; carbon trading; regulatory compliance.
Management Approaches and
Effectiveness Evaluation Mechanisms
  • Conduct regular evaluation of climate-related financial impacts.
  • Establish GHG reduction targets, formulate strategies and track project performance.
  • Continue to expand the scope and category of GHG inventory.
  • Obtain international certifications such as ISO 14064-1.
  • Introduce innovative low-carbon production facility.
  • Replace fossil fuels with low-carbon alternatives.
  • Increase the use of renewable energy.
  • Research and develop green products.
Authority
  • Energy Task Force
  • All production sites

Steer Environmental Management

Significance and Purpose of Management for FENCFENC values all beings on Earth. With a strong commitment to protecting natural habitats and resources from pollution, the Company has been introducing innovative products that are made of recycled waste from the land and ocean. The objective is to protect natural resources, ensure biodiversity and safeguard environmental sustainability. Its corporate sustainability disclosure covers data on pollution related to air, soil, noise as well as solid and toxic waste; preventive and control measures; leakage occurrences; targets; implementation; management.
Management Approaches and
Effectiveness Evaluation Mechanisms
  • Establish air pollution and waste reduction targets.
  • Introduce innovative production and facilities.
  • Conduct environmental impact analysis prior to plant construction.
Authority
  • Energy Task Force
  • All production sites

Elevate Energy and Resource Efficiency

Significance and Purpose of Management for FENCFENC believes that natural resources are meant to be shared among all humanity, hence regarding energy and resource efficiency as the means to prevent resource depletion. FENC monitors the management approaches, reduction targets, strategies and implementation on the consumption of energy, water and raw materials. All practices are carried out in accordance with regulatory requirements with regular tracking on performance in areas such as energy and water efficiency.
Management Approaches and
Effectiveness Evaluation Mechanisms
  • Establish targets for reducing energy and resource use.
  • Appropriate budget and establish intercompany authority.
  • Implement reduction projects and regular performance tracking.
  • Obtain international certifications such as ISO 14001 and ISO 50001.
Authority
  • Energy Task Force
  • All production sites

Instigate Production and Product Innovation

Significance and Purpose of Management for FENCInnovation is the core value 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
  • Production Units
  • R&D Center

Implement Sustainable Development

Significance and Purpose of Management for FENCIn the spirit of sustainable development, FENC creates diverse values for stakeholders and aspires to set the paradigm of the sustainable corporation through non-stop refinement in the perpetual pursuit of perfection.
Management Approaches and Effectiveness Evaluation Mechanisms
  • Establish the Sustainability Committee at the Board level and hold a minimum of one annual committee meeting. Meeting resolutions are presented to the Board by the convener of the Sustainability Committee.
  • Establish the Sustainability Policy and FENC Sustainability Strategic Blueprint to implement various sustainable 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

Hone Product Management

Significance and Purpose of Management for FENCFENC supplies to major international brands worldwide. With multiple production sites offering a wide spectrum of products, FENC satisfies customers with products of the highest quality.
Management Approaches and
Effectiveness Evaluation Mechanisms
  • Ensure product certification and compliance with international standards.
  • Conduct life cycle assessments to understand potential environmental impacts posed by FENC products and mitigate such impacts through improvement measures.
  • Establish a management mechanism governing materials and applicable issues to ensure full product compliance.
Authority
  • Petrochemical Business
  • Polyester Business
  • Textile Business

Build Sustainable Community

Significance and Purpose of Management for FENCFERD holds a strong conviction in sustainable management. All operations, which span from land planning and development to real estate management are approached with environmental protection and low carbon as the ultimate objective. By leveraging advanced technology, FERD is on track to create a smart and green park campus that fosters sustainable development to strike a dynamic balance between the mankind and environment.
Management Approaches and Effectiveness Evaluation Mechanisms
  • Enhance GHG inventory, management and reduction.
  • Embody green building concepts in new constructions and aim for obtaining green building labels.
  • Expand the channels and formats of stakeholder engagement.
Authority
  • FERD

Refine Operational Performance and Strategies

Significance and Purpose of Management 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 to expand production capacity and establish a 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 the continuation and adequacy of strategic directions.
Authority
  • Presidents of Corporate Management
  • Presidents of Petrochemical Business
  • Presidents of Polyester Business
  • Presidents of Textile Business

Perfect Risk Management

Significance and Purpose of Management for FENCIdentify risk factors posing a major impact on corporate activities and establish an 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.
  • Establish a risk control system to make dynamic adjustments and optimization and ensure system effectiveness.
  • Implement staff training to increase risk awareness.
  • Conduct monthly Risk Management Meetings to monitor risk indicators and regulatory compliance.
  • Regularly conduct plant risk ranking projects 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
  • All Businesses

Enhance Corporate Sustainable Image

Significance and Purpose of Management for FENCCorporate sustainable 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

Govern with Steady Pace

Significance and Purpose of Management for FENCWith integrity as the highest guiding principle, FENC constructs a sound framework to balance corporate governance and stakeholders’ interests and protect 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-evaluations.
  • Incorporate external Corporate Governance Evaluation and internal control system to evaluate the effectiveness of operational procedures.
Authority
  • Corporate Governance Officer
  • Corporate Governance Task Force

Build Customer Rapport

Significance and Purpose of Management 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 and sustainability.
Management Approaches and Effectiveness Evaluation Mechanisms
  • Establish Regulations Governing Customer Relationship Management as the principle guiding customer relations.
  • Participate in industry expos to showcase the latest products and document progress, including customer information gathered, orders received and new business developed.
  • Managers of business units are to monitor the interaction between sales and customers and conduct customer satisfaction surveys to maintain customer orders.
Authority
  • Petrochemical Business
  • Polyester Business
  • Textile Business

Reinforce Occupational Safety and Health Management

Significance and Purpose of Management 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
  • Presidents of Petrochemical, Polyester and Textile Business
  • Labor Safety and Health Department
  • Safety and health units at all business sites

Optimize Land Resources

Significance and Purpose of Management for FENCTo revitalize and utilize its properties throughout Taiwan, FENC entrusts FERD with affairs in real estate development and management. Through integrated planning by professional managers, the Company continues to experience steady growth in its real estate business and asset performance.
Management Approaches and Effectiveness Evaluation Mechanisms
  • Align property planning with the latest regulations and market demand.
  • Procure green building materials and construction methods that minimize pollution.
  • Establish standard operating procedures with tracking mechanisms for the construction environment and process.
Authority
  • FERD

Shape Sustainable Supply Chain

Significance and Purpose of Management for FENCFENC 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 Corporate Social Responsibility Commitment Statement from suppliers.
  • Monitor and supervise supplier conducts and conditions through open communication and regular meetings.
  • Evaluate environmental, labor, human rights and social impacts from suppliers and may provide assistance or terminate contracts depending on the severity.
Authority
  • FEG Purchasing Department
  • Procurement departments at business sites
  • Bulk raw material purchasing units

Mold a Diverse and Inclusive Workplace

Significance and Purpose of Management for FENCAt FENC, labor rights take precedence. The Company shares with employees the fruit of their own labor and regards their physical and mental health as a priority. Additionally, FENC is integrating diversity, equity and inclusion (DEI) into its corporate DNA.
Management Approaches and Effectiveness Evaluation Mechanisms
  • Conduct regular analysis on market salaries for payroll management and examine the payroll structure to ensure that competitive salaries are offered under the non-discriminatory principle.
  • Create the global talent pool, examine factors behind the resignation of high-potential talents and reduce turnover costs.
  • Continue with employee satisfaction assessment, enhance areas in need of improvements and provide feedback.
  • Stay informed of changes in local labor regulations and make immediate adjustments to corresponding Company policies.
  • Construct a comprehensive human rights management framework to ensure 100% coverage for human rights training.
Authority
  • Human Resources Department
  • Human resources department at each Business
  • Highest ranking manager at each Business

Boost Stakeholder Dialogue

Significance and Purpose of Management 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

Foster Employee Career Planning

Significance and Purpose of Management for FENCFENC cultivates job competency aligned with strategic needs with systems that offer diverse training and platforms to establish an extensive talent pool.
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 department at each Business

Fortify Digital Resilience

Significance and Purpose of Management for FENCIn response to the growing cyber security threats around the globe, FENC established the Information Security Management System (ISMS) to achieve the information security objectives and minimize impacts brought by information security incidents.
Management Approaches and Effectiveness Evaluation Mechanisms
  • Establish information security policies.
  • Provide comprehensive management and guidelines regarding the organization, staff, physical security, technology and compliance.
  • Conduct training to heighten information security awareness among staff.
  • Track information security indicators and supplier compliance with information security clauses.
  • Report to the Board on a regular basis to ensure supervision and management of all risk issues by the highest governing entity.
Authority
  • Information Security Department
  • FENC sites
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