Formosa Taffeta Co
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 60% 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 2,777,763,000 kg CO2e, with Scope 1 at 340,784,000 kg CO2e, Scope 2 at 285,756,000 kg CO2e, and Scope 3 at 2,387,763,000 kg CO2e. Formosa Taffeta has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 emissions by 26.3% by 2027 from a 2019 baseline. 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 years, with a focus on both upstream and downstream categories. As of now, Formosa Taffeta has not reported any Scope 3 emissions data for 2022, but it has consistently reported emissions for Scopes 1 and 2 in previous years. Overall, Formosa Taffeta Co., Ltd. is actively working towards reducing its carbon footprint while adhering to industry standards for climate action.
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| 2013 | 2014 | 2015 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 277,365,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 170,914,000 | 000,000,000 | 000,000,000 | 000,000 | 00,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | 000,000,000 | - | 0,000,000,000 | 0,000,000,000 | - |
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 Taffeta Co 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.
