In 2023, Formosa Taffeta 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 Taffeta 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 | 78,690a | 267,635a | 340,598a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 83,080a | 264,000a | 283,312a | |
Total Scope 3 | N/A | 2,571,540a | 1,533,097a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 84.6962a | 236.8527a | 287.8798a |
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In 2023, the total operational greenhouse gas (GHG) emissions of Formosa Taffeta amounted to 161,770 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 Taffeta decreased by 69.57%, 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 Taffeta were 78,690 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2022), Formosa Taffeta's Scope 1 emissions decreased by 70.6%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2023, Formosa Taffeta reported Scope 2 greenhouse gas (GHG) emissions of 83,080 tCO₂e without specifying the calculation method.a
Compared to the previous year (2022), Formosa Taffeta's Scope 2 emissions (Unspecified Calculation Method) fell by 68.53% 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 Taffeta reported its Scope 2 emissions using an unspecified methodology.a
In 2023, Formosa Taffeta reported Scope 1 greenhouse gas (GHG) emissions of 78,690 tCO₂e and total revenues of USD 929 millions. This translates into an emissions intensity of 84.7 tCO₂e per millions USD.a
In 2023, Formosa Taffeta reported a Scope 1 emissions intensity of 84.7 tCO₂e per millions USD. Compared to the peer group median of 83.51, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2023, Formosa Taffeta ranked 14 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Formosa Taffeta is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a