ESG investing has been a growing international presence in recent years. Third-party ESG ratings are also becoming a prominent indicator for institutional investors in terms of corporate investments. FENC conducted a comprehensive inventory and comparison analysis of its ESG performance using indicators from the 4 major international ESG rating agencies. The Company established a team of over 30 staff dedicated to the improvement of ESG indicators and helping the Company excel in its sustainability performance.

FENC reached out to the ESG rating agencies with multiple dialogues to ensure faithful reflection of the Company’s ESG performance in the ratings. FENC used to be categorized under the Conglomerates category by Sustainalytics. After reaching out to Sustainalytics in 2021 concerning FENC’s production operation, Sustainalytics agreed to categorize the Company under Commodity Chemicals instead. After the change, FENC made specific improvements based on the results of the comparison analyses, which led to better ratings. In the latest ESG risk ratings from July 2021, FENC’s performance jumped from 44.3 to 22.6, with the lower number reflecting lower risks. The rating put FENC among the top 3% among companies under Commodity Chemicals. In February 2021, FENC also reached out to FTSE Russell and made improvements accordingly. The Company improved its rating from 2.3 to 3.4 in the FTSE4Good rating released in July, and 3.9 in December. The improvement lifted FENC to the top spot among listed companies in the raw material industry in Taiwan.

International ESG ratings serve as guidance for corporate sustainability implementations. The outcomes also help the world recognize FENC as an enterprise of international caliber certified by global ESG rating agencies. This endeavor shall continue as FENC reaches the top of its industry in these global ratings.