- declining customer demand and inventory adjustments
- weakened demand in end markets and inventory adjustments
Faraday Technology Corporation
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Faraday Technology Corporation disclosed greenhouse gas emissions of 3.5K tCO2e/year. By scope: Scope 1: 233.34 tCO2e/year; Scope 2: 3.2K tCO2e/year. 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
3.5K tCO2e/year
2023
Water Usage
20.3K m3/year
2023
Waste
26.15 tons/year
2023
Energy Use
6.6M MWh/year
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). | 233.34 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 3.2K tCO2e/year |
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 | 3.5K tCO2e/year |
| 2022 | 3.4K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Completed 3 energy-saving equipment updates, resulting in an annual energy saving of 192,752 kilowatt-hours and a reduction in greenhouse gas emissions by 95.413 metric tons of CO2e
- Total generated renewable energy electricity is 108,000 kilowatt-hours
- Suppliers do not use any environmentally harmful substances, achieving a 100% clean track record
🎯 Climate & Sustainability Targets
📅 Medium-term
- reducing carbon emissions by 50% by 2030
🔭 Long-term
- achieving net-zero greenhouse gas emissions by 2050
🌱 ESG Focus Areas
Environmental ProtectionSocial ResponsibilityCorporate Governance