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 42 is higher than 61% 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 2023, Formosa Plastics Corporation (FPC) reported total carbon emissions of approximately 19,850,908,000 kg CO2e. This figure includes Scope 1 emissions of about 3,542,116,000 kg CO2e, Scope 2 emissions of around 4,463,433,000 kg CO2e, and significant Scope 3 emissions totalling approximately 11,845,359,000 kg CO2e. FPC has set ambitious climate commitments, aiming for a 40% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2030, using 2020 as the base year. Additionally, the company plans to reduce Scope 3 emissions by 11.1% by 2030, with 2021 as the baseline. These targets are aligned with the Science Based Targets initiative (SBTi) and are classified as consistent with keeping global warming well below 2°C. In the near term, FPC is also focused on achieving a 20% reduction in both Scope 1 and Scope 2 emissions by 2025, compared to 2020 levels. The company is exploring renewable energy options, such as wind and solar, to offset its carbon emissions in various operational regions, including Texas. Looking further ahead, FPC has committed to achieving carbon neutrality by 2050, encompassing all scopes of emissions. This long-term goal reflects the company's dedication to sustainable practices and reducing its overall environmental impact.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 0,000,000,000 | 0,000,000,000 |
| 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 | 0,000,000,000 |
| Scope 3 | - | - | - | 0,000,000 | 0,000,000 | 00,000,000,000 | 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.
