Formica Corporation Sustainability Profile
Formica Corporation, a leading name in the laminate industry, is headquartered in the United States and operates extensively across North America and Europe. Founded in 1913, the company has established itself as a pioneer in high-pressure laminate (HPL) surfaces, catering to both residential and commercial markets. Renowned for its innovative designs and durable products, Formica offers a diverse range of surfaces, including countertops, cabinetry, and wall panels, all distinguished by their unique patterns and finishes. The brand's commitment to quality and sustainability has solidified its position as a trusted choice among architects and designers. With over a century of experience, Formica Corporation continues to set industry standards, making significant contributions to interior design and surface solutions. Its legacy of innovation and excellence remains a hallmark of its operations.
DitchCarbon Score
How does Formica Corporation'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 Plastic Reprocessing 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
Formica Corporation's score of 24 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Formica Corporation's reported carbon emissions
Formica Corporation, headquartered in the US, is committed to reducing its carbon emissions through various initiatives. While specific emissions data for the most recent year is not available, the company has set ambitious reduction targets across different scopes. For Scope 1 emissions, Formica aims for a 6% reduction by 2026, focusing on optimising thermal energy use in processes such as presses and boilers. In terms of Scope 2 emissions, the company targets a 5% reduction by 2026 through sourcing renewable electricity and heat. Looking towards the long term, Formica has set a goal to achieve carbon neutrality for its products by 2050, encompassing all scopes of emissions. This commitment reflects the company's dedication to sustainability and aligns with industry standards for climate action. It is important to note that Formica Corporation's climate initiatives are cascaded from its parent company, Broadview Holding B.V., which influences its sustainability strategies.
How Carbon Intensive is Formica Corporation's Industry?
How Carbon Intensive is Formica Corporation's Location?
Formica Corporation'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.
Formica Corporation 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.
