Formosa Taffeta Co Sustainability Profile
Formosa Taffeta Co., Ltd., commonly referred to as Formosa Taffeta, is a leading manufacturer in the textile industry, headquartered in Taiwan (TW). Established in 1972, the company has built a strong reputation for producing high-quality fabrics, particularly in the areas of taffeta, nylon, and polyester. With operational facilities across Asia and a commitment to innovation, Formosa Taffeta has achieved significant milestones, including advancements in eco-friendly production processes. The company’s core offerings include a diverse range of textiles that cater to various sectors, including apparel, outdoor gear, and home furnishings. What sets Formosa Taffeta apart is its dedication to quality and sustainability, positioning it as a trusted partner in the global market. With a robust market presence, Formosa Taffeta continues to be recognised for its excellence and commitment to customer satisfaction.
DitchCarbon Score
How does Formosa Taffeta Co'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 Business 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 Taffeta Co's score of 31 is higher than 57% 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 Taffeta Co's reported carbon emissions
In 2022, Formosa Taffeta Co., Ltd. reported total greenhouse gas emissions of approximately 534,257,000 kg CO2e, comprising 267,635,000 kg CO2e from Scope 1 and 266,622,000 kg CO2e from Scope 2. This marked a significant reduction from 2021, where total emissions were about 2,738,000,000 kg CO2e, with Scope 1 emissions at 340,784,000 kg CO2e, Scope 2 at 285,756,000 kg CO2e, and Scope 3 emissions at approximately 2,387,763,000 kg CO2e. Formosa Taffeta has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 GHG emissions by 26.3% by 2027, using 2019 as the base year. Additionally, the company targets a 20% reduction in absolute Scope 3 emissions within the same timeframe. These targets are aligned with the Science Based Targets initiative (SBTi) and are classified as consistent with keeping global warming well below 2°C. The company has demonstrated a commitment to transparency by disclosing emissions data across multiple scopes, including Scope 1 and 2, while also addressing Scope 3 emissions in its reduction strategies. Formosa Taffeta's proactive approach to climate action reflects its dedication to sustainability within the textiles, apparel, footwear, and luxury goods sector.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 426,408,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 295,954 | 00,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 0,000,000,000 | 0,000,000,000 | - |
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Formosa Taffeta Co'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 Taffeta Co 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.
Frequently Asked Questions
Common questions about Formosa Taffeta Co's sustainability data and climate commitments