- inflation and high interest rates, consumer demand and investment confidence continued to weaken
- mainland China's economic activities after the epidemic is lifted performed worse than expected due to the collapse of the housing market and sluggish domestic demand
- mainland petrochemicals and plastics climbed significantly in the launching of new production capacity. Supply and demand on the market was seriously out of balance
- geopolitical risks in the Middle East such as the Kazakhstan conflict that caused instability in the international supply chain and oil price fluctuations
Formosa Chemicals & Fibre Corporation
Greenhouse gas emissions & sustainability report data
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.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2021 | 8.5M tCO2e/year (2020) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- energy conservation and carbon reduction accomplishments totaled NT$2.5 billion, with 308 engineering improvement projects completed, saving a total of 2,789 tons of water per day, 62.7 tons of steam per hour, and 9.07 kWh of electricity per hour
- Formosa Chemicals & Fibre Corporation in Xingang won the "2023 National Sustainable Development Award for Enterprises" from the National Sustainable Development Committee of the Executive Yuan in 2023 and the “2023 Resource Circulation Out-performer Gold Award for the Resource Circulation Group” from the Resource Circulation Administration under the Ministry of Environment
- 25% reduction in carbon emissions from 2020 as its phased goal by 2030
🎯 Climate & Sustainability Targets
🔜 Short-term
- reduce water consumption by 10% by 2025
- reduce carbon emissions by 10% compared with the base year (2020) by 2025
📅 Medium-term
- achieve 30% renewable energy by 2030
- reduce carbon emissions by 25% compared with the base year (2020) by 2030
🔭 Long-term
- net zero emissions by 2050
🌱 ESG Focus Areas
environmental protectionsocial responsibilitycorporate governance