Far Eastern Resources Development Co., Ltd (FERD)
Climate Impact & Sustainability Data (2020, 2023)
Reporting Period: 2020
Environmental Metrics
Total Carbon Emissions:78,955 tCO2e avoided
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Avoided 78,955 tCO2e in carbon emissions with 97 energy saving and carbon reduction projects
- Established solar power stations at 10 production sites with 12.4 MW in capacity
- Increased total recycled and reused water by 2% in 2020
- Reduced water withdrawal by 23%, water consumption by 10% and wastewater discharge by 29% in 2020
- Reduced GHG emissions by 60% and water consumption during dyeing by 90% in new nylon production process
- Recycled 21 billion PET bottles, enough to circle the earth 120.5 times
- TopGreen®ChemCycle won Outstanding Enterprise in Circular Economy – Two Star from Environmental Protection Administration, Executive Yuan
Social Achievements
- Donated NT$6 million to Central Epidemic Command Center
- Held the 12th FENC Classic Marathon with over 3,000 runners
- Promotes employee health care by offering on-site health checkups and flu vaccines
- Offered comprehensive deputy and family care system, increasing female employees’ willingness to return to FENC after maternity leave with a retention rate of 92%
- Increased female supervisors by 64% in the last decade
- Promotes International Talent Program with 199 top-performing managers and staff enrolling in foreign language programs and online courses
- Incubates next-generation digital management talents with training for 101 top-performing managers and staff
- Served as speaker at 2 sustainability lectures, sharing experience with nearly 150 students and faculty members
- Hosted the 12th Taiwan Young Physicists Tournament
- Hosted two sessions of Y. Z. Hsu Innovation Forum with over 30,000 students and public audience
- Makes regular cash donation to non-profit organizations and participates in outreach programs for the disadvantaged
- FERD hosted Christmas Charity Market, generating nearly NT$94,000 in revenue for 10 local non-profit organizations
- Taiwan Headquarters implemented strict pandemic control measures, improving satisfaction rate for 4 consecutive years
- APG Polytech donates new refrigerators and over 135 kg of food to local NGO in the U.S.
- Completed the signing of Zero Fee for Migrant Workers Policy Statement
- Launched the International Talent Pool project
- Talent Pool Program in Taiwan recruited 20 students for corporate internship
- FEFC developed AIoT system with 30 students
- Offers expat subsidy during the COVID-19 pandemic
Governance Achievements
- Recorded 12 consecutive years of zero bad debts
- Commissions external agency to conduct Board Performance Evaluation
- Creates sound risk control with Risk Control Policies
- Enhances tax management transparency with Tax Governance Policy
- Strengthens anti-corruption and anti-bribery management with Best Practice Principles of Ethical Corporation Management
- Devoted NT$740 million in forward-looking R&D
- Received 841 patent approvals
- Established Sustainability Committee
- Issued 2 sustainable financial products
- Is the first polyester manufacturer in Taiwan to sign TCFD and the first traditional manufacturer in Taiwan to issue the declaration of signing
- Activates comprehensive GHG emissions inventory project
- Conducts human rights due diligence that covers 100% of employees
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: TCFD
Certifications: Fair Trade USA (FEAV), SLCP (Kuanyin Dyeing and Finishing Plant)
Sustainable Products & Innovation
- TopGreen®ChemCycle
- New nylon production process
Awards & Recognition
- TopGreen®ChemCycle - Outstanding Enterprise in Circular Economy – Two Star
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:822 tCO2e (2023)
Scope 1 Emissions:255 tCO2e (2023)
Scope 2 Emissions:567 tCO2e (2023)
Scope 3 Emissions:220 tCO2e (2023)
Renewable Energy Share:Not disclosed
Total Energy Consumption:94,283 GJ (2023)
Water Consumption:133.4 megaliters (2023)
Waste Generated:66 metric tons (general waste, 2023)
Carbon Intensity:Not disclosed
ESG Focus Areas
- Optimizing Land Resources
- Building Sustainable Community
Environmental Achievements
- Reduced electricity consumption per unit of floor area remained constant at 59%
- Increased proportion of green building floor area (progress towards 50% target)
- Avoided 186 tCO2e of carbon emissions annually through air-conditioning improvement project at TPKA Building
- Obtained third-party assurance for GHG inventory (ISO 14064-1 standards)
- Removed approximately 0.28 hectares of invasive Jumbay trees to protect biodiversity
Social Achievements
- Hosted LOHAS charity market ten times in 2023, with non-profit organizations participating 36 times
- Hosted 2023 Tpark Christmas Charity Market, supporting ten non-profit partners
- Held a shareholder’s meeting with HSBC, showcasing Tpark’s sustainable development
- Exchanged smart city experiences with a delegation from Bình Dương Province, Vietnam
- Received a Gold Award from the Intelligent Living Space Design Competition
Governance Achievements
- Developed and patented an innovative digital real estate handover system
- Implemented ISO 14064-1 standards for GHG inventory
Climate Goals & Targets
Long-term Goals:
- Net-zero emissions (aligned with government's 2050 target)
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Reaching 50% green building floor area by 2023, 55% by 2024, 57% by 2025
Environmental Challenges
- Water scarcity
- Invasive alien species (Jumbay tree) impacting biodiversity
- Reducing energy consumption and carbon emissions in leased areas of Tpark
Mitigation Strategies
- Implemented water conservation measures at TPKA Building (adjusting water pressure, public notices)
- Removed Jumbay trees
- Developed smart energy management system and carbon dashboard to monitor and reduce energy consumption and emissions
- Tenant engagement to promote energy reduction
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Compliance with safety and regulatory requirements for contractors
Climate-Related Risks & Opportunities
Physical Risks
- Flooding (mitigated by rainwater retention tanks and infiltration facilities)
Transition Risks
- Not disclosed
Opportunities
- Development of energy-efficient buildings and smart technologies
Reporting Standards
Frameworks Used: ISO 14064-1:2018
Certifications: LEED Gold (TPKA, TPKD Buildings), Green Building Label (Taiwan) - Diamond (TPKA Building), Green Building Label (Taiwan) - Gold (TPKE Building), Smart Building Certification (Taiwan) - Bronze (TPKE Building)
Third-party Assurance: Third-party assurance for GHG inventory (March 15, 2024)
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Digital real estate handover system
Awards & Recognition
- Triple A Country Award for Best Sustainability – Linked Loan Real Estate Taiwan (The Asset)
- Gold Award from Intelligent Living Space Design Competition