Formosa Petrochemical

In 2021, Formosa Petrochemical reported total carbon emissions of approximately 26,482,767,000 kg CO2e, comprising about 26,482,767,000 kg CO2e from Scope 1 and about 119,051,000 kg CO2e from Scope 2 emissions. The company also disclosed Scope 3 emissions, which included significant contributions from the use of sold products (approximately 34,891,492,000 kg CO2e) and processing of sold products (about 9,424,320,000 kg CO2e). In 2020, the total emissions were approximately 25,550,891,000 kg CO2e, with Scope 1 emissions at about 25,329,780,000 kg CO2e and Scope 2 emissions at around 221,111,000 kg CO2e. The Scope 3 emissions for that year were notably high, reaching approximately 55,545,097,000 kg CO2e. Formosa Petrochemical has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. However, the company has reported emissions intensity metrics, such as approximately 24.0005 tCO2e per million USD in 2022 and 24.00468 tCO2e per million USD in 2023, reflecting their ongoing efforts to monitor and potentially improve their emissions performance. Overall, while Formosa Petrochemical has substantial emissions across all scopes, the lack of defined reduction targets suggests a need for enhanced climate commitments in line with industry standards.