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Formosa Taffeta Co Ltd

Common Name
Formosa Taffeta
Country
Taiwan
Sector
Consumer Cyclical
Industry
Textile Manufacturing
Employees
6,954
Ticker
1434
Exchange
TAIWAN STOCK EXCHANGE
Description
Formosa Taffeta Co., Ltd. is a leading player in the textiles industry, specializing in the production and processing of various types of high-quality fabrics. Established as a part of the expansive F...

Formosa Taffeta's Climate Target Data Preview

As of 2024, Formosa Taffeta has disclosed 5 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 5 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 Taffeta's climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2025
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
0000000
2027
Absolute-based Target
Scope 3 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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b, c
2027
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
0000000
2030
Absolute-based Target*
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
Copy/Paste is a PRO feature.
d
2030
*. This target is limited in scope and does not represent the company's full operational or organizational boundaries
Limited Data Preview
You are viewing a limited preview of Formosa Taffeta’s Climate Target dataset. The full dataset, available for download, includes detailed baseline information for both absolute and intensity targets, along with reported progress and achievement details as of 2024.
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Verified Sources Behind Formosa Taffeta’s Climate Targets Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Formosa Taffeta’s data sources below and access millions more through our Disclosure Search.

a. Formosa Taffeta's Sustainability Report 2024
b. Formosa Taffeta's TCFD Report 2024
c. Formosa Taffeta's Webpage captured from company’s website 2024
d. Formosa Taffeta's Annual Report 2024

Insights into Formosa Taffeta's Greenhouse Gas Emissions Pathways

As of 2024, Formosa Taffeta 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.abcd

Does Formosa Taffeta have a target to reduce the emissions from its operations?

As of 2024, Formosa Taffeta has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.abd

Formosa Taffeta's most ambitious operational target is to reduce these emissions by 50% by 2030, compared to a baseline of 445,431 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019.abd

Formosa Taffeta has already surpassed its operational emissions reduction target, with 2024 levels falling below the 2030 value, achieving its climate goal ahead of schedule.abd

Formosa Taffeta's Operational (Scope 1+2) Emissions Pathway

2019202420300150 k300 k450 k600 kBaselineCurrent (-67%)Target 2030 (-50%)

Does Formosa Taffeta have a target to reduce the emissions from its value chain?

As of 2024, Formosa Taffeta has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.bc

Formosa Taffeta's most ambitious value chain target is to reduce these emissions by 20% by 2027, compared to a baseline of 2,722,860 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019.bc

As of 2024, Formosa Taffeta is ahead of schedule on its value chain emissions reduction target, having achieved 74.75% of the planned reduction.bc

Formosa Taffeta's Value Chain (Scope 3) Emissions Pathway

2019202420270700 k1.4 M2.1 M2.8 MBaselineCurrent (-15%)
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