Formosa Advanced Technologies Sustainability Profile
Formosa Advanced Technologies Corp. (FATC), headquartered in Taiwan (TW), is a leading player in the semiconductor industry, specialising in advanced packaging and testing services. Founded in 2000, the company has established a strong presence in key operational regions, including Asia and North America, and has achieved significant milestones in technology innovation. FATC offers a range of core services, including wafer-level packaging and system-in-package solutions, distinguished by their commitment to quality and precision. The company’s unique approach to advanced technology has positioned it as a trusted partner for major semiconductor manufacturers, contributing to its notable achievements in the market. With a focus on continuous improvement and customer satisfaction, Formosa Advanced Technologies remains at the forefront of the semiconductor sector, driving advancements that meet the evolving needs of the industry.
DitchCarbon Score
How does Formosa Advanced Technologies'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
Formosa Advanced Technologies's score of 29 is lower than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Formosa Advanced Technologies's reported carbon emissions
In 2023, Formosa Advanced Technologies, headquartered in Taiwan (TW), reported significant carbon emissions, with Scope 1 emissions totalling approximately 24,004,680,000 kg CO2e and Scope 2 emissions at about 181,692,000 kg CO2e. This data reflects a commitment to transparency in their environmental impact, although no Scope 3 emissions data was disclosed. Formosa Advanced Technologies has set ambitious reduction targets through the Science Based Targets initiative (SBTi). The company aims to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 25% by 2030, using 2020 as the baseline year. Additionally, it has committed to a 12.3% reduction in absolute Scope 3 emissions within the same timeframe. These targets align with the global goal of limiting temperature rise to well below 2°C, demonstrating the company's commitment to sustainable practices in the semiconductor industry. The emissions data and reduction targets are cascaded from the parent company, Formosa Advanced Technologies Co., Ltd., ensuring a unified approach to climate commitments across its corporate family.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 7,391,780 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 130,240,570 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - |
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Formosa Advanced Technologies'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.
Formosa Advanced Technologies has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Formosa Advanced Technologies's sustainability data and climate commitments