Environmental Management Policy
FarEastone Telecommunication (FET) is well aware of the risks and opportunities our enterprise operations may bring on the environment and energy consumption. Therefore, we have established an Energy and Environmental Management System to provide useful resources from the perspective of the telecommunication life cycle. We collaborate with business partners, suppliers and contractors, continuing to improve energy efficiency, promote pollution prevention, decrease greenhouse gas emissions, and continually improve energy performance to mitigate and adapt to climate change. In accordance with the above-mentioned policies, we formed the Energy Management Committee to enforce effective internal energy management. The Energy Management Committee is headed by the Chief Financial Officer and meets every quarter to discuss energy-related targets and performance. Its membership includes vice presidents of various departments to ensure that every department enforces FET’s energy-saving and carbon-reducing practices. In addition, FET began progressively introducing the ISO 50001 Energy Management System to support the creation of practical, effective, and easy-to-use energy management mechanisms and frameworks. FET also defined the Environmental & Energy Policy accordingly encourage customers, suppliers, contractors, key business partners and mergers and acquisitions ,which are used to govern energy management practices at all business sites, promote energy-saving action plans, as well as audit and help to verify actual performance.
Environment and Energy Management Committee
Environmental Management System
FET has long since introduced ISO 14001 Environmental Management, ISO 50001 Energy Management, and ISO 14064-1 Greenhouse Gases, and also obtains assurance from external units. To enhance the credibility of our environmental management, the boundaries of management have also been extended from energy management to environmental management, GHG reductions and responses to climate change.
FET Energy Management and Energy Conservation Policy
To gradually work toward energy transition, FET sets annual targets and promotes energy-saving measures for major high-energy consumption departments, including base stations, equipment rooms, stores, offices, and logistics.
Managing Reductions in Greenhouse Gases
FET's mid- and long-term carbon reduction targets comply with the Science-Based Targets (SBT), and after submitting our targets to the Science-Based Targets initiative (SBTi) in June 2019, we were approved in July of the same year, making FET the third telecommunications operator in Asia to receive this international certification. FET's target is to reduce total Scope 1 and Scope 2 greenhouse gas emissions in year 2030 by 20.3% from our base year in 2016, and to reduce total Scope 3 emissions by 17.2% from that of 2016. Due to version update of the ISO14064-1 to the 2018 version, FET's GHG emissions data in 2019 will present the existing Scopes 1 through 3 in six categories as indicated in the following table. FET's cumulative Scope 1 and 2 emissions continue to decrease year-by-year for the past three years, and 2019 emissions have also decreased by 4.4% from the previous year. In addition, FET is gradually expanding the scale of inventories for indirect GHG emissions throughout its industry value chain that are associated with its operating activities (formerly classified as Scope 3 emissions), and external assurance is also achieved.