Faraday Technology
Faraday Technology Corporation, commonly referred to as Faraday Tech, is a leading semiconductor design service provider headquartered in Taiwan (TW). Established in 2000, the company has made significant strides in the semiconductor industry, focusing on advanced technology solutions for various applications, including automotive, IoT, and consumer electronics. Faraday Tech is renowned for its comprehensive range of services, including ASIC design, IP development, and system-on-chip (SoC) solutions. Their unique approach combines innovative design methodologies with a commitment to quality, ensuring that clients receive tailored solutions that meet their specific needs. With a strong market position, Faraday Tech has achieved notable milestones, including partnerships with major global technology firms and a robust portfolio of intellectual property.
DitchCarbon Score
How does Faraday Technology's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electrical Machinery Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Faraday Technology's score of 34 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Faraday Technology's reported carbon emissions
In 2023, Faraday Technology reported total carbon emissions of approximately 74,973,310 kg CO2e, with emissions distributed across Scope 1, 2, and 3. Specifically, Scope 1 emissions were about 237,340 kg CO2e, while Scope 2 emissions totalled approximately 3,229,090 kg CO2e. The most significant contributor to their overall emissions was Scope 3, which accounted for about 74,973,310 kg CO2e, primarily from purchased goods and services. In 2022, the company recorded total emissions of around 64,700 kg CO2e for Scope 1, 3,191,760 kg CO2e for Scope 2, and approximately 642,700 kg CO2e for Scope 3. This indicates a slight reduction in Scope 1 emissions from 2022 to 2023, down from about 238,790 kg CO2e. Faraday Technology has not disclosed specific reduction targets or initiatives as part of their climate commitments. However, they continue to report on their emissions and strive for transparency in their environmental impact. The company’s emissions intensity for Scope 1 and 2 combined was reported at approximately 0.00000029 metric tons CO2e per unit of revenue in 2023, reflecting their ongoing efforts to manage and reduce their carbon footprint.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 255,430 | 000,000 | 000,000 |
| Scope 2 | 3,332,740 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Faraday Technology is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
