Far Eastern University Inc 2020 AR2
The report highlights Far Eastern University's (FEU) academic and financial performance during the 2019-2020 school year, which was heavily impacted by the COVID-19 pandemic and the Taal Volcano eruption. Despite these challenges, FEU successfully transitioned to remote online learning, utilizing platforms like Canvas and Microsoft Teams, and maintained its Autonomous University status. Financially, the university recorded a net income of Php 683 million, representing a 16% decline from the previous year due to pandemic-related rebates. On the sustainability front, FEU highlighted its transition to a centralized district cooling system, which reduced energy consumption by 30% since 2010 and saved 1.8 million kilograms of carbon dioxide emissions since 2012.
Company: Far Eastern University Inc
Sector: Consumer Discretionary
Country: Philippines
Year: 2020
Type: AR2
Pages: 56
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Far Eastern University Inc
Annual Report
The report highlights Far Eastern University's (FEU) academic and financial performance during the 2019-2020 school year, which was heavily impacted by the COVID-19 pandemic and the Taal Volcano eruption. Despite these challenges, FEU successfully transitioned to remote online learning, utilizing platforms like Canvas and Microsoft Teams, and maintained its Autonomous University status. Financially, the university recorded a net income of Php 683 million, representing a 16% decline from the previous year due to pandemic-related rebates. On the sustainability front, FEU highlighted its transition to a centralized district cooling system, which reduced energy consumption by 30% since 2010 and saved 1.8 million kilograms of carbon dioxide emissions since 2012.
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Document Details
Report Year
2020
Reporting Period
Jun 1, 2019 - May 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Energy Consumption