- Compliance-related expenditures (renewable energy compliance cost/carbon fee)
- High cost of waterless dyeing technology
- Customers' sustainability/environmental protection/low carbon requirements
- Volatility of international fossil fuel prices
- Price hike from raw material suppliers
- Reputation risk of petrochemical materials/products
- Acute weather events (flooding, typhoons, power outages)
- Chronic weather events (sea level rise, drought, increased average temperature)
Formosa Taffeta Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Formosa Taffeta Co., Ltd. disclosed greenhouse gas emissions of 162.0K tCO2e (2023). By scope: Scope 1: 285.8K tCO2e (2022); Scope 2: 266.6K tCO2e (2022). 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
162.0K tCO2e (2023)
2023
Renewable Energy
0.62% (2023)
of total energy
Energy Use
1.8M GJ (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). | 285.8K tCO2e (2022) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 266.6K tCO2e (2022) |
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 | 162.0K tCO2e (2023) |
| 2022 | 161.8K tCO2e (Taiwan Plant) + other plants under verification |
| 2018 to 2021 | 348.2K tCO2e/year (2021) |
| 2017 | 486.0K tCO2e (2017) |
| 2016-01 to 2020-12 | 457.8K tCO2e (2016) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced GHG emissions by approximately 2.8% (12,000 tonnes) through PFO elimination plan (expected completion in 2024)
- Reduced GHG emissions by approximately 46.2% (130,000 tonnes) by phasing out coal use (expected completion in 2024)
- Installed 9.86MWp of rooftop solar power generation systems across plants in Taiwan, Vietnam, and China.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce emissions by 26.3% (Scope 1 & 2) and 20% (Scope 3) by 2027 (from 2019 baseline)
🔭 Long-term
- Net-zero emissions by 2050
🌱 ESG Focus Areas
Climate Change