Formosa Plastics
Formosa Plastics Corporation, commonly referred to as FPC, is a leading player in the global petrochemical industry, headquartered in Taiwan (TW). Established in 1978, the company has expanded its operations across major regions, including North America and Asia, solidifying its presence in the market. FPC is renowned for its diverse range of products, including polyvinyl chloride (PVC), polyethylene, and polypropylene, which are integral to various industries such as construction, automotive, and consumer goods. The company’s commitment to innovation and sustainability sets it apart, as it continually invests in advanced technologies to enhance product quality and reduce environmental impact. With a strong market position, Formosa Plastics has achieved significant milestones, including numerous awards for operational excellence and environmental stewardship, making it a trusted name in the petrochemical sector.
DitchCarbon Score
How does Formosa Plastics's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Chemicals industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Formosa Plastics's score of 27 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Formosa Plastics's reported carbon emissions
In 2020, Formosa Plastics Corporation (FPC) reported total carbon emissions of approximately 5,183,000 kg CO2e, with Scope 1 emissions at about 365,990,000 kg CO2e, Scope 2 emissions at approximately 4,668,706,000 kg CO2e, and Scope 3 emissions reaching about 11,332,873,000 kg CO2e. The company has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 40% by 2030 from a 2020 baseline. Additionally, FPC plans to cut Scope 3 emissions by 11.1% by 2030 from a 2021 baseline. FPC's climate strategy includes initiatives to offset carbon emissions through renewable energy projects, particularly in wind and solar, in regions where it operates, such as Texas. These commitments align with industry standards for climate action, reflecting a proactive approach to sustainability in the chemicals sector.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 4,446,617,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | - |
| Scope 2 | 4,572,661,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | - |
| Scope 3 | - | - | - | 0,000,000 | 0,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Formosa Plastics is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
