Devoting over half a century to social causes, FENC aims to improve the wellbeing for all.
FENC has dedicated itself to non-profit and charitable causes for half a century with the belief of “benefiting from the society, returning benefits to the society”. By tapping into the Company’s core strength and infusing capital, we promote public wellbeing, expand on international perspectives and improve competitiveness for the society as a whole, which will help us invent a new century.
Percentage of Social Engagement and Cash Investment in Net Income
1. The total of social engagement and cash investment include the main subsidiaries on FENC’s consolidated statement. Among them, FarEasTone Telecommunications, Co., Ltd publishes its own CSR report.
2. The 2019 cash investment jumped 89% due to the NT$65.35 million donation to Yuan Ze University for establishing medical (nursing) college.
3. The 2020 social engagement investment grew by 71%. The increase is attributed to the NT$118,751 donation for the establishment of Y. Z. Hsu International Conference Hall.
Before 2016, the Company had not used indicators or monetization principles to assess the social value nor impact of its public-interest advancement activities. Starting 2016, the Company introduced social return on investment, or SROI, as an instrument to assess and analyze the costs and benefits of the 7th FENC Classic Marathon held in 2015. It was found that the event generated NT$131 million worth of social return, 8.19 times the resources invested. That is to say, every NT$1 invested produced NT$8.19 worth of social benefit, indicating a very high return rate. The results will be published in a conference in 2017 to encourage both industry and academia to adopt SROI in evaluating public-welfare advancement.