Formosa Petrochemical Corp
Formosa Petrochemical's Climate Target Data Preview
As of 2023, Formosa Petrochemical has disclosed 2 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 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 Petrochemical ’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 restricted. Please purchase to unlock this data.  a | 2025 |
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2030 |
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Verified Sources Behind Formosa Petrochemical’s Climate Targets Data
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Insights into Formosa Petrochemical's Greenhouse Gas Emissions Pathways
As of 2023, Formosa Petrochemical 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 Petrochemical have a target to reduce the emissions from its operations?
As of 2023, Formosa Petrochemical has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a
Formosa Petrochemical's most ambitious operational target is to reduce these emissions by 28% by 2030, compared to a baseline of 31,823,989 Metric Tonnes of CO2 equivalent (mtCO2e) in 2007. a
As of 2023, Formosa Petrochemical is ahead of schedule on its operational emissions reduction target, having achieved 85.71% of the planned reduction. a