Faraday Technology Corp
Faraday Technology's Climate Target Data Preview
As of 2024, Faraday Technology has disclosed 4 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets and 2 intensity-based targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Faraday Technology's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target* | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy/Paste is a PRO feature.  a | 2025 |
Absolute-based Target* | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | 0000000 | 2030 |
Intensity-based Target* | Scope 3 - Purchased Goods and Services (Cat. 1) | Metric Tonnes of CO2 equivalent (mtCO2e) per New Taiwan Dollar (NTD) of Procurement Spent | Copy/Paste is a PRO feature.  a | 2025 |
Intensity-based Target* | Scope 3 - Purchased Goods and Services (Cat. 1) | Metric Tonnes of CO2 equivalent (mtCO2e) per New Taiwan Dollar (NTD) of Procurement Spent | 0000000 | 2030 |
Verified Sources Behind Faraday Technology’s Climate Targets Data
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Insights into Faraday Technology's Greenhouse Gas Emissions Pathways
As of 2024, Faraday Technology has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.a
Does Faraday Technology have a target to reduce the emissions from its operations?
As of 2024, Faraday Technology has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a
Faraday Technology's most ambitious operational target is to reduce these emissions by 50% by 2030, compared to a baseline of 3,466.43 Metric Tonnes of CO2 equivalent (mtCO2e) in 2023.a
As of 2024, Faraday Technology is lagging behind on its operational emissions reduction target, having achieved 9.06% of the planned reduction.a