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 5 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Formosa Chemicals And Fibre's reported carbon emissions
In 2019, Formosa Chemicals and Fibre Corporation reported total greenhouse gas emissions of approximately 21,838,422,000 kg CO2e, with Scope 1 emissions at about 5,178,431,000 kg CO2e and Scope 2 emissions at around 3,179,245,000 kg CO2e. The company also disclosed Scope 3 emissions, which were significant at approximately 21,838,422,000 kg CO2e. In 2020, emissions remained consistent, with Scope 1 at about 5,589,208,000 kg CO2e and Scope 2 at approximately 3,133,487,000 kg CO2e, while Scope 3 emissions were again reported at around 21,838,422,000 kg CO2e. Formosa Chemicals and Fibre has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 22.5% by 2027, using 2018 as the base year. Additionally, the company plans to cut 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 align with the Science Based Targets initiative (SBTi) and are designed to contribute to global efforts to limit temperature rise to well below 2°C.
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Add to project| 2018 | 2019 | 2020 | |
|---|---|---|---|
| Scope 1 | 5,589,208,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 3,468,131,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | 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 committed to some reduction initiatives 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.
