Taiwan Styrene Monomer Corporation Sustainability Profile
Taiwan Styrene Monomer Corporation (TSMC) is a leading player in the petrochemical industry, headquartered in Taiwan (TW). Established in 1978, the company has made significant strides in the production of styrene monomer, a key raw material used in various applications, including plastics and synthetic rubber. With a strong operational presence across Asia, TSMC is renowned for its commitment to quality and innovation. The company’s core products, including high-purity styrene monomer, distinguish themselves through advanced production techniques and stringent quality control measures. Recognised for its market leadership, TSMC has achieved notable milestones, solidifying its position as a trusted supplier in the global petrochemical market. Through continuous improvement and sustainable practices, Taiwan Styrene Monomer Corporation remains dedicated to meeting the evolving needs of its customers.
DitchCarbon Score
How does Taiwan Styrene Monomer Corporation'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 Plastic production 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
Taiwan Styrene Monomer Corporation's score of 13 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Taiwan Styrene Monomer Corporation's reported carbon emissions
In 2023, Taiwan Styrene Monomer Corporation (TSMC) reported total carbon emissions of approximately 1,127,512.1 kg CO2e. This figure includes Scope 1 emissions of about 22,622.7 kg CO2e and Scope 2 emissions of approximately 152,397.9 kg CO2e, resulting in combined Scope 1 and 2 emissions of about 175,020.6 kg CO2e. TSMC has set ambitious carbon reduction targets, aiming for a 27% reduction in both Scope 1 and Scope 2 emissions by 2030, using 2017 as the baseline year. This commitment reflects the company's proactive approach to addressing climate change and reducing its carbon footprint. The company has not disclosed any Scope 3 emissions data, indicating a potential area for future reporting and improvement. TSMC's emissions data is not cascaded from a parent company, as it operates independently in this regard. Overall, TSMC's climate commitments and emissions data demonstrate a clear focus on sustainability and a strategic plan to mitigate its environmental impact in the coming years.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 18,815.7 | 00,000.0 |
| Scope 2 | 295,328.9 | 000,000.0 |
| Scope 3 | - | - |
How Carbon Intensive is Taiwan Styrene Monomer Corporation's Industry?
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Taiwan Styrene Monomer Corporation'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.
Taiwan Styrene Monomer Corporation 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.
