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Formosa Petrochemical

Sustainability Report and Carbon Intensity Rankings

Is Formosa Petrochemical doing their part?

Their DitchCarbon score is 15

Formosa Petrochemical has a DitchCarbon Score of 15 out of 100, indicating a low level of sustainability in their operations. This score suggests a high carbon intensity compared to more sustainable companies. The company may need to implement significant changes to reduce its emissions and improve its sustainability profile.

This was calculated based on 30+ company specific emissions data points, the higher the score, the better. Check out our methodology.

Industry emissions intensity

Very low

Low

Medium

High

Very high

Formosa Petrochemical is a company in the energy generation and distribution industry, which has a carbon intensity ranking of very high. Some industries are more damaging than others, this ranking gives you an indication of how carbon intensive the industry is which this company operates in.

Location emissions intensity

Very low

Low

Unknown

High

Very high

Formosa Petrochemical, located in Taiwan, operates in a region with a specific carbon intensity rating. The sustainability of the company’s operations is influenced by Taiwan’s overall carbon intensity, affecting its environmental impact.
15.44%

...this company is doing 15.44% worse in emissions than the industry average.

Formosa Petrochemical, founded in 1992 and headquartered in Taipei, operates within the energy generation and distribution industry. As the only privately owned oil refinery in Taiwan and the second largest producer of gasoline and gasoil in the region, the company specializes in refining crude oil and selling various petroleum products. In addition to its core operations, Formosa Petrochemical also produces olefins, sells electricity, and generates steam through its co-generation power plants.

emission intelligence's platform recommendations for Formosa Petrochemical

Formosa Petrochemical should establish and pursue clear science-based targets for reducing their Scope 3 emissions, while enhancing transparency in their reporting and encouraging sustainability across their supply chain, potentially decreasing emissions by 35%.

Good news, Formosa Petrochemical has embraced SBTi commitments

Formosa Petrochemical has committed to significantly reducing its greenhouse gas emissions from both direct operations and purchased energy. Their targets align with the international goal to limit global warming to well below 2°C, indicating a strong commitment to environmental sustainability.
Participating

The Ultimate Guide to Building Sustainability Into Procurement​

In this guide you can learn about the three stages of sustainable procurement.

Stage 1) – Identify and Communicate
Sustainability Maturity

Stage 2) – Start to Give Preference to Mature Suppliers

Stage 3) – Make Climate Action a “Hard” Measure for Procurement

The Ultimate Guide to Building Sustainability Into Procurement​​

In this guide you can learn about the three stages of sustainable procurement.

Stage 1) – Identify and Communicate
Sustainability Maturity

Stage 2) – Start to Give Preference to Mature Suppliers

Stage 3) – Make Climate Action a “Hard” Measure for Procurement

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Our methodology

Read about our emission calculation methodologies, and what the DitchCarbon Score means.

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