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 40 is higher than 91% 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 74,963,730 kg CO2e. This figure includes Scope 1 emissions of about 233,340 kg CO2e, Scope 2 emissions of approximately 3,235,620 kg CO2e, and significant Scope 3 emissions totalling around 71,497,310 kg CO2e, primarily from purchased goods and services (about 70,321,130 kg CO2e). Faraday Technology has set ambitious climate commitments, aiming for a 50% reduction in both Scope 1 and Scope 2 emissions by 2030, using 2023 as the baseline year. Additionally, the company is targeting net-zero greenhouse gas emissions by 2050. These initiatives reflect a long-term commitment to sustainability and align with industry standards for climate action.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 255,430 | 000,000 | 000,000 |
| Scope 2 | - | 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.
