Faraday Technology Sustainability Profile
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 35 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Faraday Technology's reported carbon emissions
In 2023, Faraday Technology, headquartered in Taiwan (TW), reported total carbon emissions of approximately 3,466,430 kg CO2e. This figure includes Scope 1 emissions of about 237,340 kg CO2e, Scope 2 emissions of approximately 3,229,090 kg CO2e, and significant Scope 3 emissions totalling around 71,497,310 kg CO2e. The Scope 3 emissions breakdown reveals that purchased goods and services account for about 70,321,130 kg CO2e, while business travel and employee commuting contribute approximately 39,810 kg CO2e and 484,970 kg CO2e, respectively. 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. The company is also targeting net-zero greenhouse gas emissions by 2050. These targets reflect a long-term commitment to sustainability and align with industry standards for climate action. The emissions data is not cascaded from any parent organization, indicating that Faraday Technology independently reports its carbon footprint and climate initiatives.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 255,430 | - | - |
| Scope 2 | - | - | - |
| Scope 3 | - | 000,000 | 00,000,000 |
How Carbon Intensive is Faraday Technology's Industry?
How Carbon Intensive is Faraday Technology's Location?
Faraday Technology's Scope 3 Categories Breakdown
Faraday Technology's Scope 3 emissions, which increased significantly last year and increased significantly since 2022, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Purchased Goods and Services" being the largest emissions source at 98% of Scope 3 emissions.
Top Scope 3 Categories
Faraday Technology's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Faraday Technology has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
