Formosa Petrochemical Sustainability Profile
Formosa Petrochemical Corporation (FPCC), headquartered in Taiwan (TW), is a leading player in the petrochemical industry, renowned for its comprehensive range of products and services. Established in 1992, FPCC has made significant strides in the production of ethylene, propylene, and various downstream petrochemical products, positioning itself as a key supplier in the Asia-Pacific region. With major operational facilities in Mailiao, FPCC stands out for its commitment to innovation and sustainability, utilising advanced technologies to enhance production efficiency. The company’s core offerings include high-quality plastics, synthetic rubber, and other chemical products, which are integral to numerous industries, from automotive to consumer goods. FPCC's strategic market position is underscored by its robust supply chain and dedication to environmental stewardship, making it a trusted name in the global petrochemical landscape.
DitchCarbon Score
How does Formosa Petrochemical'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 Crude Oil Extraction 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 Petrochemical's score of 25 is higher than 55% 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 Petrochemical's reported carbon emissions
In 2023, Formosa Petrochemical reported total carbon emissions of approximately 24,004,680,000 kg CO2e from Scope 1, 181,692,000 kg CO2e from Scope 2, and 57,911,749,000 kg CO2e from Scope 3, resulting in a combined total of about 24,186,372,000 kg CO2e for Scope 1 and 2. This marks a slight increase in emissions compared to 2022, where total emissions were approximately 24,024,547,000 kg CO2e for Scope 1 and 2 combined. The company has achieved a significant reduction in greenhouse gas emissions, reporting a 19.7% decrease in Scope 1 and Scope 2 emissions from 2007 to 2020. This commitment to reducing emissions reflects Formosa Petrochemical's ongoing efforts to address climate change and improve sustainability practices. Formosa Petrochemical's emissions data is not cascaded from any parent organization, indicating that the reported figures are independently sourced. The company has not set specific Science-Based Targets Initiative (SBTi) reduction targets but continues to monitor and report its emissions transparently.
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| 2007 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 31,680,876,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 143,113,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Formosa Petrochemical's Industry?
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Formosa Petrochemical'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 Petrochemical has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
