Formosa Chemicals And Fibre Sustainability Profile
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 56% 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) reported total carbon emissions of approximately 19,000,000,000 kg CO2e, comprising 5,143,026,000 kg CO2e from Scope 1, 3,016,074,000 kg CO2e from Scope 2, and 14,640,213,000 kg CO2e from Scope 3 emissions. This data reflects a slight increase in Scope 1 emissions compared to 2022, where total emissions were about 18,000,000,000 kg CO2e, with Scope 1 at 4,698,681,000 kg CO2e, Scope 2 at 3,166,588,000 kg CO2e, and Scope 3 at 14,488,269,000 kg CO2e. FCFC has set ambitious climate commitments, aiming for carbon neutrality by 2050. In the near term, the company has committed to reducing absolute Scope 1 and 2 greenhouse gas emissions by 22.5% by 2027, using 2018 as the base year. Additionally, it aims to reduce Scope 3 emissions from purchased goods and services, fuel and energy-related activities, and investments by 7.6% by 2027, with a 2021 base year. These targets are aligned with the Science Based Targets initiative (SBTi) and are classified as consistent with the reductions required to keep global warming well below 2°C. FCFC's emissions data is independently sourced and does not cascade from any parent organisation.
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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 |
How Carbon Intensive is Formosa Chemicals And Fibre's Industry?
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Formosa Chemicals And Fibre'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 Chemicals And Fibre 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.
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Common questions about Formosa Chemicals And Fibre's sustainability data and climate commitments
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