Established in 1997, Far EasTone Telecommunications (FET) is headquartered in Taiwan where it provides mobile communications and internet access services. In 2021, it had over seven million mobile subscribers.
FET offers discounted prices on its services for people with disabilities, senior citizens and new immigrants. The company also discloses the number of its employees with disabilities as well as its community investments.
The company uses the Sustainable Development Goals (SDGs) as a framework for measuring the impact of its activities. It also discloses the proportion of its women employees working in science, technology, engineering and mathematical (STEM) fields.
There is an opportunity for FET to support initiatives promoting digital opportunities for women and girls. The company can also disclose how the economic value it generates is distributed among its stakeholders.
FET can expand efforts for open-source initiatives and standards as well as provide support for start-ups. It can also disclose the ethical principles it follows in its research and development (R&D) activities.
Core Social Assessment
The core social indicators assess societal expectations of business conduct that companies should meet if they aspire to be part of a system transformation that leaves no one behind.
FET has a publicly available policy statement committing to respect human rights. The company describes the processes it uses to identify its human rights risks and impacts. However, FET does not have a grievance mechanism accessible to all workers to raise human rights complaints or concerns.
FET publicly commits to and expects its business relationships to respect workers’ health and safety. It also discloses quantitative health and safety information. The company discloses the percentage of its workforce covered by collective bargaining agreements. However, the company does not disclose a policy commitment stating that it does not require workers to work more than the regular and overtime hours.
FET has a policy prohibiting bribery and corruption, and it includes anti-bribery and anti-corruption clauses in its business relationship contracts. Furthermore, the company takes steps to identify and address bribery and corruption and has a grievance mechanism for stakeholders to raise concerns and complaints. The company also discloses a global tax strategy and its expenditures on lobbying activities.