Formosa Chemicals and Fibre Corp
Formosa Chemicals and Fibre's Climate Target Data Preview
As of 2024, Formosa Chemicals and Fibre has disclosed 3 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 3 absolute reduction 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 Formosa Chemicals and Fibre'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 | 2027 |
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy/Paste is a PRO feature.  a | 2030 |
Verified Sources Behind Formosa Chemicals and Fibre’s Climate Targets Data
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Insights into Formosa Chemicals and Fibre's Greenhouse Gas Emissions Pathways
As of 2024, Formosa Chemicals and Fibre has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions.a
Does Formosa Chemicals and Fibre have a target to reduce the emissions from its operations?
As of 2024, Formosa Chemicals and Fibre has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a
Formosa Chemicals and Fibre's most ambitious operational target is to reduce these emissions by 25% by 2030, compared to a baseline of 8,540,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2020.a
Instead of reducing operational emissions, Formosa Chemicals and Fibre has increased them, with 2024 levels exceeding those of the 2020 baseline, placing the company well behind its reduction target.a