Formosa Plastics
Formosa Plastics Corporation, a leading player in the global plastics industry, is headquartered in Taiwan (TW). Founded in 1978, the company has established a strong presence in various operational regions, including North America and Asia. Specialising in the production of polyvinyl chloride (PVC), polyethylene, and other petrochemical products, Formosa Plastics is renowned for its commitment to quality and innovation. With a diverse portfolio that includes core products such as resins and chemicals, the company stands out for its advanced manufacturing processes and sustainable practices. Formosa Plastics has achieved significant milestones, positioning itself as a key competitor in the market, recognised for its reliability and customer-centric approach. As a result, it continues to play a pivotal role in shaping the future of the plastics industry.
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 12 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Formosa Plastics's reported carbon emissions
In 2021, Formosa Plastics Corporation (FPC) reported total greenhouse gas emissions of approximately 5,112,000 kg CO2e, with a significant portion attributed to Scope 1 and 2 emissions, which totalled about 8,604,000 kg CO2e. The company has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 40% by 2030, using 2020 as the baseline year. Additionally, FPC plans to cut its absolute Scope 3 emissions by 11.1% by 2030, with 2021 as the reference year. Historically, FPC's emissions have fluctuated, with total emissions reaching approximately 9,251,477,000 kg CO2e in 2017, including 4,060,474,000 kg CO2e from Scope 1 and 5,183,854,000 kg CO2e from Scope 2. The company has disclosed emissions data for Scopes 1, 2, and 3, demonstrating a commitment to transparency in its environmental impact. FPC's targets align with the Science Based Targets initiative (SBTi) and are classified as consistent with the reductions required to limit global warming to well below 2°C. The company has not yet committed to a net-zero target but is actively working towards significant emissions reductions in the coming years.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2014 | 2015 | 2016 | 2017 | 2020 | 2021 | |
|---|---|---|---|---|---|---|
| Scope 1 | 4,407,235,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | - |
| Scope 2 | 4,656,571,000 | 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 | - |
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 committed to some reduction initiatives 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.
