Formosa Plastics Group
Formosa Plastics Group, a leading player in the global petrochemical industry, is headquartered in China (CN) and operates extensively across Asia, North America, and Europe. Founded in 1978, the company has established itself as a key manufacturer of a diverse range of plastic products, including polyvinyl chloride (PVC), polyethylene, and polypropylene, which are integral to various industries such as construction, automotive, and packaging. With a commitment to innovation and sustainability, Formosa Plastics Group has achieved significant milestones, including advancements in production technology and environmental management. The company is recognised for its high-quality products and efficient manufacturing processes, positioning it as a formidable competitor in the market. Notably, Formosa Plastics Group continues to expand its global footprint while maintaining a strong focus on research and development, ensuring its products meet the evolving needs of customers worldwide.
DitchCarbon Score
How does Formosa Plastics Group'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 Rubbe and Plastic Products 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 Group's score of 12 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Formosa Plastics Group's reported carbon emissions
As of the latest available data, Formosa Plastics Group's carbon emissions for the year 2018 included significant figures across various scopes. The company reported Scope 1 emissions of approximately 3,836,493,000 kg CO2e, Scope 2 emissions of about 5,008,477,000 kg CO2e, and Scope 3 emissions reaching approximately 11,402,744,000 kg CO2e. Despite these substantial emissions, there are currently no specified reduction targets or initiatives documented by the company. This lack of formal commitments may reflect a broader industry context where many companies are still developing their climate strategies. Formosa Plastics Group's emissions data highlights the need for enhanced climate action and transparency in their environmental commitments. As the industry moves towards more stringent climate goals, it will be crucial for the company to establish clear reduction targets to align with global sustainability efforts.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Scope 3 | 9,019,279,000 | 0,000,000,000 | 0,000,000,000 | 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 Group 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.
