Formosa Taffeta Co

Formosa Taffeta Co's reported carbon emissions

Formosa Taffeta Co. (TW), operating within the "Other business services (74)" sector, has established near-term climate commitments aligned with a Well-below 2°C scenario. The company aims to achieve an absolute reduction of 26.3% in Scope 1 and 2 greenhouse gas (GHG) emissions by 2027, using 2019 as its base year. Concurrently, Formosa Taffeta Co. is committed to reducing its absolute Scope 3 GHG emissions by 20% within the same timeframe. In terms of reported emissions, for the year 2023, the company reported Scope 3 emissions totalling approximately 118.4 billion kg CO2e from investments. For 2022, Formosa Taffeta Co. reported Scope 1 emissions of approximately 267.6 million kg CO2e and Scope 2 emissions of approximately 266.6 million kg CO2e. The combined Scope 1 and 2 emissions for 2022 were approximately 281.1 million kg CO2e. In 2021, the company's emissions included Scope 1 at approximately 340.8 million kg CO2e, Scope 2 at approximately 285.8 million kg CO2e, and Scope 3 at approximately 2.4 billion kg CO2e. The total Scope 1 and 2 emissions for 2021 were approximately 348.2 million kg CO2e. The prior year for which emissions were reported was 2020, with a total emission of approximately 382.3 million kg CO2e. This included Scope 1 emissions of approximately 309.7 million kg CO2e and Scope 2 emissions of approximately 72.7 million kg CO2e. Scope 3 emissions for 2020 were approximately 1.7 billion kg CO2e, with significant contributions from the use of sold products (approximately 1.1 billion kg CO2e) and purchased goods and services (approximately 390.7 million kg CO2e). For 2019, Formosa Taffeta Co. reported Scope 1 emissions of approximately 426.4 million kg CO2e and Scope 2 emissions of approximately 295,954 kg CO2e. Emissions data for the years 2015 through 2018 are not available for reporting.