Formosa Plastics Corporation, U.S.A. Sustainability Profile
Formosa Plastics Corporation, U.S.A., a prominent player in the chemical manufacturing industry, is headquartered in Livingston, New Jersey. Established in 1978, the company has grown to become a leader in the production of polyvinyl chloride (PVC) and other plastic resins, serving diverse markets across North America. With major operational facilities in Texas and Louisiana, Formosa Plastics is renowned for its commitment to quality and innovation. The company’s core products include PVC resins, polyethylene, and polypropylene, which are integral to various applications, from construction materials to consumer goods. Recognised for its sustainable practices and advanced manufacturing techniques, Formosa Plastics has solidified its market position as a reliable supplier in the plastics sector, continually striving for excellence and environmental responsibility.
DitchCarbon Score
How does Formosa Plastics Corporation, U.S.A.'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 Plastic production 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 Corporation, U.S.A.'s score of 6 is lower than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Formosa Plastics Corporation, U.S.A.'s reported carbon emissions
In 2023, Formosa Plastics Corporation, U.S.A. reported significant carbon emissions, with Scope 1 emissions totalling approximately 24,004,680,000 kg CO2e and Scope 2 emissions at about 181,692,000 kg CO2e. This data highlights the company's substantial carbon footprint, primarily from its operations in Taiwan. Formosa Plastics has set ambitious near-term climate commitments aimed at achieving net-zero emissions. The company plans to offset its carbon dioxide emissions through investments in wind and solar energy projects in Texas and other operational areas, with a target timeframe from 2023 to 2025. These initiatives are focused on both Scope 1 and Scope 2 emissions, reflecting a comprehensive approach to reducing its environmental impact. The emissions intensity for all plants in Taiwan was reported at approximately 24.00 tCO2e per million USD in 2022, indicating a consistent level of emissions relative to revenue generation. Formosa Plastics has not disclosed any Scope 3 emissions data, which typically includes indirect emissions from the supply chain and product use. Overall, while Formosa Plastics Corporation, U.S.A. faces challenges in managing its carbon emissions, its commitment to renewable energy and carbon offsetting strategies demonstrates a proactive approach to addressing climate change.
How Carbon Intensive is Formosa Plastics Corporation, U.S.A.'s Industry?
How Carbon Intensive is Formosa Plastics Corporation, U.S.A.'s Location?
Formosa Plastics Corporation, U.S.A.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Formosa Plastics Corporation, U.S.A. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
