Sustainable Goals
With sustainable development strategy as the foundation, FENC established short-term (2020), mid-term (2025) and long-term (2030) targets with tracking mechanism on the yearly progress, taking steady strides toward sustainable development goals.
Risk Management System
Corporate Governance Evaluation
Industry Leading Status
Exemplary Sustainable Corporation
Action Plan
- Continue to expand the scope of risk control.
- Optimize risk control system with dynamic adjustment.
- Establish risk control system platform.
- Regularly take stock of major risks with tracking and improvement.
2020 Progress
- Established FENC Risk Management Policies.
- Commissioned external agency to conduct performance evaluation for the Board of Directors (the Board).
- Created company-wide pandemic control system.
- Completed 100% of improvements identified in risk ranking project.
Annual Target
2020
Conducting 3 annual risk management projects
2021
Conducting 3 annual risk management projects
2025
Conducting 3 annual risk management projects
2030
Conducting 3 annual risk management projects
Action Plan
- Learn from the results of Corporate Governance Evaluation and best practices around the world.
- Make continuous improvements based on corporate conditions.
2020 Progress
- Reaching top 5%
Annual Target
2020
Reaching top 5 %
2021
Reaching top 5 %
2025
Reaching top 5 %
2030
Reaching top 5 %
Action Plan
- Expand production capacity and diverse production base.
- Research and develop innovative products.
- Elevate employee competency
2020 Progress
- Medical grade composite fiber: No. 1 production capacity in the world.
- Recycled PET: Top 2 production capacity in the world.
- PET resin: Top 3 production capacity in the world.
- Non-woven polyester staple fiber: Top 3 production capacity in the world.
Annual Target
2020
Maintaining industry leading status with key products
2021
Maintaining industry leading status with key products
2025
Maintaining industry leading status with key products
2030
Maintaining industry leading status with key products
Action Plan
- Continue stakeholder dialogue, engagement and feedback.
- Actively participate in CSR programs to stay current on CSR trends and issues.
- Aim for winning international and domestic CSR awards.
2020 Progress
- For details on implementation, please refer to Sustainability website
Annual Target
2020
Implementing 3 annual CSR projects, Taking part in 3 annual CSR conferences or awards
2021
Implementing 3 annual CSR projects, Taking part in 3 annual CSR conferences or awards
2025
Implementing 3 annual CSR projects, Taking part in 3 annual CSR conferences or awards
2030
Implementing 3 annual CSR projects, Taking part in 3 annual CSR conferences or awards
