- Sluggish global economic demand due to high interest rates, high inflation, and underperformance of the post-pandemic Chinese economy.
- Expansion of the US-China chip ban, the Russia-Ukraine war, and ongoing conflicts in the Middle East impacting global economic development and social stability.
- Decrease in construction revenue due to government policies.
- High US mortgage interest rates restricting residential sales in the San Francisco project.
Formosan Rubber Group Inc.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Formosan Rubber Group Inc. disclosed greenhouse gas emissions of 3.7K tCO2e/year (2023). By scope: Scope 1: 604.818 tCO2e/year (2023); Scope 2: 3.1K tCO2e/year (2023). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
3.7K tCO2e/year (2023)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 604.818 tCO2e/year (2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 3.1K tCO2e/year (2023) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 3.7K tCO2e/year (2023) |
| 2022 | 8.6K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced greenhouse gas emissions by 4,888.414 metric tons of CO2e from 2022 to 2023. Implemented various energy-saving measures such as using LPG & wooden grains as boiler fuels, garbage classification and recycling, and reducing paper use through digitalization.
- Obtained ISO 15372 certification for “Rubber Coasting 3-D Structured Textile” and high-performance green building material (sound proofing) label certification from the Ministry of the Interior for “Formosan Rubber Group’s Rubber Sound-proof Floor Sound Proofing System”.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Complete construction and obtain license for new logistics warehouse in Longtan Smart Park (Q4 2024).
📅 Medium-term
- Expand logistics leasing business to Longtan Smart Park.
- Develop phases two to three of Longtan Smart Park.
🔭 Long-term
- Achieve 30% of all manufacturing performance from new products.
- Develop products that are more in line with green energy demand.
🌱 ESG Focus Areas
Corporate GovernanceEnvironmentalSocial