Formosa Taffeta Co Ltd

Common Name
Formosa Taffeta
Country
Taiwan
Sector
Consumer Cyclical
Industry
Textile Manufacturing
Employees
7,008
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 GHG Emissions Data Preview

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)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Formosa Taffeta’s Greenhouse Gas (GHG) Emissions 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 2023
a. Formosa Taffeta's Sustainability Report 2023
b. Formosa Taffeta's Sustainability Report 2022
b. Formosa Taffeta's Sustainability Report 2022

Insights into Formosa Taffeta's Operational Emissions

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

Formosa Taffeta's Scope 1 Emissions Over Time

2020202120222023090 k180 k270 k360 ktCO2e+10%-21%-71%
  • Total Scope 1
  • Year-over-Year Change

What are Formosa Taffeta's Scope 1 emissions?

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

What are Formosa Taffeta's Scope 2 emissions?

In 2023, Formosa Taffeta reported Scope 2 greenhouse gas (GHG) emissions of 83,080 tCO₂e without specifying the calculation method. a

Has Formosa Taffeta reduced its Scope 2 emissions over time?

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

What methodology does Formosa Taffeta use for Scope 2 reporting?

In 2023, Formosa Taffeta reported its Scope 2 emissions using an unspecified methodology. a

Formosa Taffeta's Scope 2 Emissions Over Time

2020202120222023075 k150 k225 k300 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Formosa Taffeta’s GHG Emissions Intensity Compared to Industry Peers

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

Formosa Taffeta's Scope 1 Emissions Intensity Compared to Peers

0.5201,00050,0005,000,000Scope 1 Emissions (tCO2e)10505002,00020,000Revenues (Millions of USD)RFTFHFTTFRRRuentex IndustriesYear: 2022Scope 1: 182 tCO2eRevenue: $M 94Scope 1 Intensity: 1.95 tCO2e/$MLealea EnterpriseYear: 2023Scope 1: 48,638 tCO2eRevenue: $M 266Scope 1 Intensity: 183.10 tCO2e/$MFFFoxtron Vehicle TechnologiesYear: 2024Scope 1: 252 tCO2eRevenue: $M 260Scope 1 Intensity: 0.97 tCO2e/$MTaiwan PaihoYear: 2023Scope 1: 17,627 tCO2eRevenue: $M 406Scope 1 Intensity: 43.45 tCO2e/$MEclat TextileYear: 2024Scope 1: 61,692 tCO2eRevenue: $M 1,124Scope 1 Intensity: 54.88 tCO2e/$MTong Yang IndustryYear: 2023Scope 1: 11,643 tCO2eRevenue: $M 778Scope 1 Intensity: 14.97 tCO2e/$MTTTainan SpinningYear: 2021Scope 1: 60,832 tCO2eRevenue: $M 728Scope 1 Intensity: 83.51 tCO2e/$MQuang Viet EnterpriseYear: 2023Scope 1: 2,050 tCO2eRevenue: $M 540Scope 1 Intensity: 3.80 tCO2e/$MHotai MotorYear: 2024Scope 1: 235 tCO2eRevenue: $M 7,815Scope 1 Intensity: 0.03 tCO2e/$MJohnson Health TechYear: 2022Scope 1: 881 tCO2eRevenue: $M 1,094Scope 1 Intensity: 0.80 tCO2e/$MFFFederalYear: 2023Scope 1: 124 tCO2eRevenue: $M 16Scope 1 Intensity: 7.96 tCO2e/$MNankang Rubber TireYear: 2022Scope 1: 12,718 tCO2eRevenue: $M 241Scope 1 Intensity: 52.73 tCO2e/$MHHHota Industrial Mfg.Year: 2023Scope 1: 1,436 tCO2eRevenue: $M 215Scope 1 Intensity: 6.68 tCO2e/$MFFFirst SteamshipYear: 2023Scope 1: 1 tCO2eRevenue: $M 179Scope 1 Intensity: 0.00 tCO2e/$MKing Slide WorksYear: 2024Scope 1: 1,278 tCO2eRevenue: $M 309Scope 1 Intensity: 4.13 tCO2e/$MKenda Rubber IndYear: 2023Scope 1: 126,788 tCO2eRevenue: $M 1,123Scope 1 Intensity: 112.92 tCO2e/$MTTTon Yi IndustrialYear: 2024Scope 1: 72,866 tCO2eRevenue: $M 1,369Scope 1 Intensity: 53.21 tCO2e/$MTTTaiwan SakuraYear: 2023Scope 1: 680 tCO2eRevenue: $M 270Scope 1 Intensity: 2.52 tCO2e/$MMerida IndustryYear: 2024Scope 1: 1,407 tCO2eRevenue: $M 905Scope 1 Intensity: 1.56 tCO2e/$MTaiwan MobileYear: 2024Scope 1: 7,592 tCO2eRevenue: $M 6,086Scope 1 Intensity: 1.25 tCO2e/$MMomo ComYear: 2021Scope 1: 385 tCO2eRevenue: $M 3,190Scope 1 Intensity: 0.12 tCO2e/$MYulon MotorYear: 2022Scope 1: 6,926 tCO2eRevenue: $M 2,508Scope 1 Intensity: 2.76 tCO2e/$MFFFar Eastern New CenturyYear: 2024Scope 1: 952,646 tCO2eRevenue: $M 8,260Scope 1 Intensity: 115.33 tCO2e/$MCheng Shin Rubber Ind.Year: 2024Scope 1: 72,989 tCO2eRevenue: $M 2,938Scope 1 Intensity: 24.84 tCO2e/$MGiant ManufacturingYear: 2023Scope 1: 27,521 tCO2eRevenue: $M 2,509Scope 1 Intensity: 10.97 tCO2e/$MFormosa TaffetaYear: 2023Scope 1: 78,690 tCO2eRevenue: $M 929Scope 1 Intensity: 84.70 tCO2e/$M

How does Formosa Taffeta's GHG emissions intensity compare to its peers?

In 2023, Formosa Taffeta reported a Scope 1 emissions intensity of 84.7 tCO₂e per millions USD. Compared to the peer group median of 6.68 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Formosa Taffeta rank on GHG emissions intensity within its industry?

In 2023, Formosa Taffeta ranked 23 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Formosa Taffeta among the least efficient performers, with one of the highest emissions intensities in its sector. a

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