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 66% 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 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, aiming to offset carbon dioxide emissions through renewable energy initiatives, specifically wind and solar projects in Texas and other operational areas. These commitments target both Scope 1 and Scope 2 emissions, with a timeframe extending from 2023 to 2025. The company has demonstrated a consistent emissions intensity of about 24.00468 tCO2e per million USD across all its plants in Taiwan, indicating a focus on improving operational efficiency and reducing emissions intensity. While no specific reduction targets from the Science Based Targets initiative (SBTi) have been reported, Formosa's ongoing efforts to explore renewable energy solutions reflect a proactive approach to addressing climate change and reducing its overall carbon emissions.
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.
