Shinkong Synthetic Fibers Sustainability Profile
Shinkong Synthetic Fibers Corporation, commonly referred to as Shinkong, is a leading player in the synthetic fibre industry, headquartered in Taiwan (TW). Established in 1973, the company has made significant strides in the production of high-quality polyester and nylon fibres, catering to diverse sectors such as textiles, automotive, and industrial applications. With a strong operational presence across Asia, Shinkong is renowned for its innovative approach to fibre manufacturing, offering unique products that enhance durability and performance. The company has achieved notable milestones, including advancements in eco-friendly production processes, positioning itself as a market leader committed to sustainability. Shinkong's dedication to quality and innovation has solidified its reputation as a trusted supplier in the global synthetic fibres market.
DitchCarbon Score
How does Shinkong Synthetic Fibers'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
Shinkong Synthetic Fibers's score of 23 is lower than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Shinkong Synthetic Fibers's reported carbon emissions
In 2023, Shinkong Synthetic Fibers, headquartered in Taiwan, reported total carbon emissions of approximately 287,701,000 kg CO2e. This figure includes 106,602,000 kg CO2e from Scope 1 emissions and 181,099,000 kg CO2e from Scope 2 emissions. The company has demonstrated a commitment to reducing its carbon footprint, with a reported intensity of 0.65 kg CO2e per unit of revenue. Looking back to 2022, Shinkong's emissions were about 327,192,000 kg CO2e, comprising 123,911,000 kg CO2e from Scope 1 and 203,281,000 kg CO2e from Scope 2. This indicates a slight reduction in total emissions year-on-year. Shinkong Synthetic Fibers has set long-term climate commitments, aiming for net-zero emissions by 2050, as part of its Science Based Targets initiative (SBTi) commitments. The company is actively working towards these targets, having been classified as "Committed" to net-zero goals since 2023. Overall, Shinkong Synthetic Fibers is taking significant steps to address its carbon emissions and align with global climate standards, reflecting a proactive approach to sustainability in the chemicals sector.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 2,787,950 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 27,457,870 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 5,294,830 | - | - | - |
How Carbon Intensive is Shinkong Synthetic Fibers's Industry?
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Shinkong Synthetic Fibers'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.
Shinkong Synthetic Fibers has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
