In 2023, Formosa Advanced Technologies completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).
However, Formosa Advanced Technologies has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 987.86a | 1,954.84a | 1,690.47a | |
Total Scope 2 | ||||
Market-Based | 111,015.42a | 127,559.74a | 131,507.87a | |
Location-Based | N/A | N/A | N/A | |
Total Scope 3 | N/A | 25,665.64b | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 3.9621a | 5.7575a | 4.715a |
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In 2023, the total operational greenhouse gas (GHG) emissions of Formosa Advanced Technologies amounted to 112,003.28 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Formosa Advanced Technologies decreased by 13.52%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2023, the total Scope 1 emissions of Formosa Advanced Technologies were 987.86 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Formosa Advanced Technologies's Scope 1 emissions have decreased by 86.64%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2022), Formosa Advanced Technologies's Scope 1 emissions decreased by 49.47%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2023, Formosa Advanced Technologies reported Scope 2 greenhouse gas (GHG) emissions of 111,015.42 tCO₂e using the market-based method.a
Since 2019, Formosa Advanced Technologies's Scope 2 greenhouse gas (GHG) emissions (Market-Based) have decreased by 14.76%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2022), Formosa Advanced Technologies's Scope 2 emissions (Market-Based) fell by 12.97% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2023, Formosa Advanced Technologies reported its Scope 2 emissions using the market-based method.a
In 2023, Formosa Advanced Technologies reported Scope 1 greenhouse gas (GHG) emissions of 987.86 tCO₂e and total revenues of USD 249 millions. This translates into an emissions intensity of 3.96 tCO₂e per millions USD.a
In 2023, Formosa Advanced Technologies reported a Scope 1 emissions intensity of 3.96 tCO₂e per millions USD. Compared to the peer group median of 0.66, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2023, Formosa Advanced Technologies ranked 17 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Formosa Advanced Technologies is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a