To support the global effort in energy conservation and carbon reduction, OTIZ, an FENC subsidiary, and the Polyester Business of FENC submitted their carbon reduction targets and received the approval from the Science Based Targets initiative (SBTi) in March and June 2024, respectively. Both entities set their targets based on the 1.5°C pathway established in the Paris Agreement, ready to leap towards net zero emissions by 2050.

SBTi is a joint initiative by the United Nations Global Compact, international carbon disclosure organization CDP, World Resources Institute and World Wide Fund for Nature. The initiative operates on a science-based framework to help companies set medium- and long-term carbon reduction targets in their respective industries with the ultimate goal to reach net zero. In recent years, SBTi has risen as one of the world’s most reliable organizations for the verification of carbon reduction targets.

As the threat from global warming exacerbates, FENC remains focused on developing green products to quench the thirst for eco-friendly and low-carbon solutions from international brand customers. To support its ambition to cut carbon emissions, FENC has established five overarching strategies, including improving energy efficiency; adopting low-emission fuel alternatives; developing renewable energy; utilizing CCU  ; fostering raw material transition. The Company is aggressively promoting green manufacturing, tackling carbon reduction with pragmatic actions. In 2024, FENC established the low-carbon transition targets, aiming for 50% carbon reduction, 50% green products and 50% green raw materials by 2030, which exceed the 1.5°C pathway specified by the SBTi, as a declaration of FENC’s unwavering determination to reach net zero.