Formosa Chemicals And Fibre

Formosa Chemicals And Fibre Corporation (FCFC), headquartered in Taiwan (TW) and operating within the chemicals sector, has reported its greenhouse gas (GHG) emissions for several years. In 2023, the company's total GHG emissions were approximately 22.78 billion kg CO2e. This figure encompasses Scope 1 emissions of approximately 5.14 billion kg CO2e, Scope 2 emissions of approximately 3.02 billion kg CO2e, and Scope 3 emissions of approximately 14.64 billion kg CO2e.

In 2022, FCFC's total emissions amounted to approximately 22.35 billion kg CO2e, with Scope 1 at around 4.70 billion kg CO2e, Scope 2 at approximately 3.17 billion kg CO2e, and Scope 3 at approximately 14.49 billion kg CO2e. The previous year, 2021, saw total emissions of approximately 27.36 billion kg CO2e, comprising Scope 1 at about 5.40 billion kg CO2e, Scope 2 at approximately 3.27 billion kg CO2e, and Scope 3 at approximately 18.70 billion kg CO2e. For 2019, total emissions were reported at approximately 30.19 billion kg CO2e, including Scope 1 of about 5.18 billion kg CO2e, Scope 2 of approximately 3.18 billion kg CO2e, and Scope 3 of approximately 21.84 billion kg CO2e. Emissions data for 2018 is only available for Scope 1, which was approximately 5.59 billion kg CO2e.

FCFC has established significant climate commitments. The company aims to achieve carbon neutrality by 2050. Furthermore, as part of its Science Based Targets initiative (SBTi) commitments, FCFC has pledged to reduce absolute Scope 1 and 2 GHG emissions by 22.5% by 2027, using 2018 as a base year. The company also commits to reducing absolute Scope 3 GHG emissions from purchased goods and services, fuel and energy-related activities, and investments by 7.6% by 2027, with a base year of 2021. These SBTi targets are classified as "Well-below 2°C" warming.