Formosa Laboratories
Formosa Laboratories, also known as Formosa, is a leading player in the pharmaceutical and biotechnology industry, headquartered in Taiwan (TW). Founded in 1996, the company has established a strong presence in key operational regions, including North America and Europe, focusing on the development and manufacturing of high-quality active pharmaceutical ingredients (APIs) and intermediates. With a commitment to innovation, Formosa Laboratories offers a diverse range of products and services, including custom synthesis and contract manufacturing. Their unique approach combines advanced technology with stringent quality control, ensuring compliance with global regulatory standards. Recognised for its expertise, Formosa has achieved significant milestones, positioning itself as a trusted partner in the pharmaceutical supply chain.
DitchCarbon Score
How does Formosa Laboratories'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 Other Services 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 Laboratories's score of 7 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Formosa Laboratories's reported carbon emissions
In 2022, Formosa Laboratories reported total carbon emissions of approximately 44,783,921.3 kg CO2e. This figure includes 7,744,884.9 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 25,787,124.0 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity, steam, heating, and cooling. Additionally, the company disclosed Scope 3 emissions amounting to approximately 11,251,073.7 kg CO2e, which includes emissions from business travel, purchased goods and services, fuel and energy-related activities, and downstream transportation and distribution. In 2021, Formosa Laboratories' total emissions were about 32,583,110.0 kg CO2e, with Scope 1 emissions at 633,680.0 kg CO2e and Scope 2 emissions at 31,949,430.0 kg CO2e. This indicates a significant increase in emissions from 2021 to 2022. Despite the increase in emissions, there are currently no publicly disclosed reduction targets or climate pledges from Formosa Laboratories. The company has not specified any initiatives under the Science Based Targets initiative (SBTi) or other reduction commitments. As such, their climate strategy remains unclear within the context of industry standards for emissions reduction.
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Add to project| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 633,680 | 0,000,000.0 |
| Scope 2 | 31,949,430 | 00,000,000 |
| Scope 3 | - | 00,000,000.0 |
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 Laboratories is not committed to any 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.
