Formosa Chemicals And Fibre
Formosa Chemicals and Fibre Corporation (FCFC), headquartered in Taiwan (TW), is a leading player in the global chemicals and fibre industry. Established in 1978, the company has made significant strides in the production of a diverse range of chemical products, including petrochemicals, synthetic fibres, and plastics. With major operational regions across Asia and beyond, FCFC is renowned for its commitment to innovation and sustainability. The company’s core offerings, such as high-quality polyester and nylon fibres, are distinguished by their durability and versatility, catering to various applications in textiles and industrial sectors. Recognised for its market leadership, Formosa Chemicals and Fibre has achieved notable milestones, including advancements in eco-friendly production processes, solidifying its position as a responsible industry leader.
DitchCarbon Score
How does Formosa Chemicals And Fibre'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 Chemicals 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 Chemicals And Fibre's score of 31 is higher than 57% 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 Chemicals And Fibre's reported carbon emissions
In 2023, Formosa Chemicals and Fibre Corporation (FCFC), headquartered in Taiwan, reported significant carbon emissions totalling approximately 5,143,026,000 kg CO2e for Scope 1, 3,016,074,000 kg CO2e for Scope 2, and 14,640,213,000 kg CO2e for Scope 3. This data reflects a comprehensive approach to emissions reporting, covering all three scopes of greenhouse gas emissions. FCFC has set ambitious climate commitments, aiming for a 22.5% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2027, using 2018 as the baseline year. Additionally, the company targets a 7.6% reduction in absolute Scope 3 emissions, which encompass emissions from purchased goods and services, fuel and energy-related activities, and investments, with a baseline year of 2021. Looking towards the long term, FCFC has committed to achieving carbon neutrality by 2050. This commitment aligns with industry standards and reflects a proactive stance in addressing climate change. The emissions data and reduction targets are sourced directly from Formosa Chemicals and Fibre Corporation, with no data cascaded from a parent or related organization. The company's targets are classified as consistent with the reductions required to keep global warming well below 2°C, demonstrating a commitment to sustainable practices within the chemicals sector.
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| 2018 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 5,589,208,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 3,468,131,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
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.
Formosa Chemicals And Fibre is participating in some 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.
