Formosan Union Chemical Corp. Sustainability Profile
Formosan Union Chemical Corp., commonly referred to as FUCC, is a leading player in the chemical industry, headquartered in Taiwan (TW). Established in 1971, the company has made significant strides in the production of specialty chemicals, including high-performance resins and advanced materials, catering to diverse sectors such as electronics, automotive, and construction. With a strong operational presence across Asia and beyond, FUCC is renowned for its commitment to innovation and quality. The company’s core products, characterised by their superior performance and sustainability, set it apart in a competitive market. Notable achievements include its advancements in eco-friendly chemical solutions, positioning FUCC as a frontrunner in the industry. Through continuous research and development, Formosan Union Chemical Corp. remains dedicated to meeting the evolving needs of its global clientele.
DitchCarbon Score
How does Formosan Union Chemical 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
Formosan Union Chemical Corp.'s score of 19 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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Formosan Union Chemical Corp.'s reported carbon emissions
In 2022, Formosan Union Chemical Corp. reported total carbon emissions of approximately 60.9 million kg CO2e. This figure includes Scope 1 emissions of about 62.1 million kg CO2e, Scope 2 emissions of approximately 19.6 million kg CO2e, and Scope 3 emissions of about 1.2 million kg CO2e. The company has set ambitious reduction targets, aiming to decrease its Scope 1 emissions by 30% by 2030, using 2021 as the baseline year. Similarly, it plans to reduce its Scope 2 emissions by 30% by 2030 from the same baseline. These commitments reflect a proactive approach to mitigating climate impact and align with industry standards for sustainability. Formosan Union Chemical Corp. has consistently reported its emissions data, demonstrating transparency in its environmental impact. The emissions data is not cascaded from any parent organization, indicating that the figures are independently reported by the company itself.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 61,006,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000.0 | 00,000,000.0 | 00,000,000.0 |
| Scope 2 | 24,707,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000.0 | 00,000,000.0 | 00,000,000.0 |
| Scope 3 | - | - | - | - | - | - | 0,000,000.0 |
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Formosan Union Chemical Corp.'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.
Formosan Union Chemical Corp. 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.
