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 36 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 represents a slight increase in Scope 1 emissions from 2022, which were about 4,698,681,000 kg CO2e, while Scope 2 emissions decreased from 3,166,588,000 kg CO2e in the previous year. FCFC has set ambitious climate commitments, aiming for carbon neutrality by 2050. In the near term, the company has committed to reducing its 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 by 7.6% by 2027, with a base year of 2021. These targets are aligned with the Science Based Targets initiative (SBTi) and are classified as consistent with keeping global warming well below 2°C. Overall, FCFC's emissions data and reduction targets reflect a proactive approach to addressing climate change, with a clear roadmap for significant reductions in the coming years.
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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.
