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 Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -17%a | 2025 |
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -26%b, c, a | 2027 |
Absolute-based Target | Scope 3 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -20%b, c | 2027 |
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -34%d, a | 2030 |
Absolute-based Target* | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -50%d | 2030 |
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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
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.abcd
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.abcd
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.abcd
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