Formosa Plastics Corp
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 grown to become a significant force in the production of a wide range of plastic products, including polyvinyl chloride (PVC), polyethylene, and polypropylene. With major operations across Asia and the United States, Formosa Plastics is renowned for its commitment to innovation and sustainability. The company’s core offerings are distinguished by their high quality and versatility, catering to various sectors such as construction, automotive, and consumer goods. FPC's strategic market position is underscored by its robust production capacity and a reputation for reliability, making it a preferred supplier in the petrochemical landscape. As a pioneer in the industry, Formosa Plastics continues to set benchmarks for excellence and environmental responsibility.
DitchCarbon Score
How does Formosa Plastics Corp'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 Corp's score of 2 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Formosa Plastics Corp's reported carbon emissions
In 2020, Formosa Plastics Corp reported a total of approximately 365,990 kg CO2e in Scope 1 emissions. This marked a significant reduction from previous years, particularly from 2019, when total emissions were about 20,044,203,000 kg CO2e, comprising approximately 3,659,904,000 kg CO2e in Scope 1 and 4,981,555,000 kg CO2e in Scope 2 emissions, alongside 11,402,744,000 kg CO2e in Scope 3 emissions. The company's emissions have shown fluctuations over the years, with total emissions peaking at about 20,247,714,000 kg CO2e in 2018. In 2016, Formosa Plastics reported total emissions of approximately 8,940,056,000 kg CO2e, which included 4,061,443,000 kg CO2e in Scope 1, 4,871,848,000 kg CO2e in Scope 2, and 6,765,000 kg CO2e in Scope 3. Despite these reductions, there are currently no publicly disclosed reduction targets or climate pledges from Formosa Plastics Corp. The company has not committed to specific science-based targets or initiatives aimed at further reducing its carbon footprint. As a major player in the plastics industry, Formosa Plastics is positioned within a sector that faces increasing scrutiny regarding its environmental impact and the need for sustainable practices.
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Add to project| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|---|---|---|
| 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 | - |
| Scope 3 | - | - | - | 0,000,000 | 0,000,000 | 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 Corp is not committed to any 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.
