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, with emissions distributed across various scopes: 24,004,680,000 kg CO2e for Scope 1, 181,692,000 kg CO2e for Scope 2, and 24,186,372,000 kg CO2e for Scope 3. This data reflects a comprehensive approach to emissions reporting, covering all three scopes. In 2022, the company recorded total emissions of about 26,481,267,000 kg CO2e, with Scope 1 emissions at 26,482,767,000 kg CO2e, Scope 2 at 119,051,000 kg CO2e, and Scope 3 at 57,911,749,000 kg CO2e. This indicates a significant increase in emissions from 2021, where total emissions were approximately 26,601,818,000 kg CO2e. Formosa Petrochemical has made notable strides in reducing its emissions. The company achieved a 19.7% reduction in GHG emissions for both Scope 1 and Scope 2 from 2007 to 2020. This commitment to reducing emissions demonstrates the company's proactive stance on climate change and sustainability. The emissions data is sourced directly from Formosa Petrochemical Corporation, ensuring accuracy and reliability. The company has not yet established Science-Based Targets Initiative (SBTi) targets, but its ongoing efforts reflect a commitment to addressing climate change within the petrochemical industry.
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| 2007 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 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 | 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 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Formosa Petrochemical's Industry?
How Carbon Intensive is Formosa Petrochemical's Location?
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.
