With the worsening global climate change, FTC has been actively taking various energy saving and emission reduction measures to reduce the environmental impacts. In response to limit global warming to no more than 2°C, FTC committed to SBTi in July, 2022 and was officially approved today. Formosa Taffeta Co., Ltd. commits to reduce scope 1+2 GHG emissions 26.3% by 2027 from a base year 2019, and also commits to reduce scope 3 GHG emissions 20% within the same timeframe. FTC will continue moving towards the vision of carbon neutrality in 2050.

Through advanced manufacturing process technology, FTC will increase the production and energy efficiency and implement the renewable energy usage and low-carbon energy transition to fulfill the energy saving and emission reduction. Furthermore, the Company will continue passing international certificate and carry out energy saving and emission reduction projects to enhance climate resilience. Meanwhile, the Company will continue developing environment-friendly and low-carbon products in cooperation with our value chain, establishing comprehensive audit and mentoring framework to engage with suppliers regarding ESG issues, and forms a task force to enhance the climate change capabilities and competition of the Company.

In the end of December of 2020, FTC has officially become the TCFD supporter and disclosed the strategy and measures in response to climate change in accordance with TCFD guidelines. In addition, FTC has been rated as leadership in climate change and water security by CDP for consecutive three years. In 2022, FTC was firstly awarded the A list, the highest honor, in climate change in 2022, showing the recognition of the efforts that FTC dedicates to climate action.