- Sharp decline in market demand in 2022 due to inflation, interest rate cycles, climate change, energy crisis, supply chains, geopolitical issues, and the post-pandemic economic downturn
- High inventory levels among downstream and end customers in 2022
- Destocking pressures from major manufacturing plants worldwide in 2022
- Fluctuations in raw material prices
- International market competition from major manufacturers
- Impact of the COVID-19 pandemic on the global economy and international trade
- Inflation and supply chain bottlenecks
- Decreased demand for paper due to the widespread use of electronic devices
- Financial instability of furniture retailers in the United States
- Risk of market concentration in a single region (Malaysia) for NBR
Shin Foong Specialty and Applied Materials Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, Shin Foong Specialty and Applied Materials Co., Ltd. disclosed greenhouse gas emissions of 32.4K tCO2e/year (2021). By scope: Scope 1: 12.4K tCO2e/year (2021); Scope 2: 20.0K tCO2e/year (2021). 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
32.4K tCO2e/year (2021)
2022
Water Usage
286.83 million m3/year (2021)
2022
Waste
1.1K tons/year (2021)
2022
📊 Emissions by Scope (2022)
| 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). | 12.4K tCO2e/year (2021) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 20.0K tCO2e/year (2021) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Obtained ISO 14001 certification in 2006
- Developed environmentally friendly (zero VOC) adhesives for wood processing in 2004
- Reduced greenhouse gas emissions from 38,300 metric tons of CO2e in 2020 to 32,365 metric tons of CO2e in 2021
- Reduced water usage from 327.88 million metric tons in 2020 to 286.83 million metric tons in 2021
- Reduced waste generation from 893 metric tons in 2020 to 1,138 metric tons in 2021
🎯 Climate & Sustainability Targets
🔜 Short-term
- Continuous process and quality optimization
- Develop convenient and environmentally friendly high-strength NBR
- Develop NBR that meets food safety regulations
- Develop zero-formaldehyde emission styrene water-based latex for green building materials
- Develop high-elasticity medical gloves without proteins
📅 Medium-term
- Develop low VOC water-based environmentally friendly materials
- Develop environmentally friendly latex for pressure-sensitive adhesives
- Develop latex with specific specification requirements
- Develop NBR resistant to specific solvents
- Develop anti-static NBR
🔭 Long-term
- Develop high-value-added special materials through international technology cooperation or technology acquisition
- Develop green materials, utilize recycled resources, and reduce environmental impact
🌱 ESG Focus Areas
Environmental FriendlinessHealth and SafetySustainable BusinessOccupational SafetyCircular EconomyESGHuman Rights