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Formosa Plastics Corporation (FPC), often referred to simply as Formosa Plastics, is a globally recognised leader in the petrochemical and plastics industry. Established in Taiwan in 1954, FPC has pioneered advancements in chemical manufacturing, growing from its headquarters to significant international operations.
FPC is renowned for its integrated production of vital chemical components, including polyvinyl chloride (PVC) resins, vinyl chloride monomer (VCM), and caustic soda. These form the backbone for a vast array of synthetic resins, plastics, and fibres, serving diverse global markets with essential materials.
As a major player in the global chemicals sector, Formosa Plastics Corporation is distinguished by its comprehensive product portfolio and commitment to industrial innovation. Its extensive operations underpin numerous industries worldwide, cementing its reputation as a crucial global supplier of base chemicals and advanced plastic materials.
22
DitchCarbon score
-10 vs industry average
Formosa Plastics’s score of 22 is lower than 35% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very High
Chemicals is among the most carbon-intensive industries
Industry performance
0.523
20182025
The Chemicals industry has reduced its overall emissions by 19% since 2018
Emissions trajectory 2020 – 2026
2020202120222023202420252026
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Formosa Plastics's reported carbon emissions
Formosa Plastics, a Chemicals nec company based in Taiwan, reported total emissions of approximately 19.85 billion kg CO2e in 2023. This included Scope 1 emissions of around 3.54 billion kg CO2e, Scope 2 emissions of approximately 4.46 billion kg CO2e, and Scope 3 emissions of about 11.85 billion kg CO2e.
Looking back, their total emissions were about 19.24 billion kg CO2e in 2022 and 19.05 billion kg CO2e in 2021.
Formosa Plastics has set several climate commitments. The company aims for carbon neutrality by 2050. Near-term targets include a 20% reduction in Scope 1 and Scope 2 emissions by 2025, using 2020 as the baseline year.
The company's Science Based Targets initiative (SBTi) commitments, consistent with reductions required to keep warming to well-below 2°C, include reducing absolute Scope 1 and 2 GHG emissions by 40% by 2030 from a 2020 base year. Additionally, Formosa Plastics Corporation commits to reduce absolute Scope 3 GHG emissions from purchased goods and services, fuel and energy-related activities, upstream transportation and distribution, and investments by 11.1% by 2030 from a 2021 base year.
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Formosa Plastics’s Climate Goals (2030 & 2050)
3 goals2030
40% reduction in Scope 2
Formosa Plastics Corporation commits to reduce absolute scope 1 and 2 GHG emissions 40% by 2030 from a 2020 base year. Formosa Plastics Corp…
Behind target40%
2030
40% reduction in Scope 1
Formosa Plastics Corporation commits to reduce absolute scope 1 and 2 GHG emissions 40% by 2030 from a 2020 base year. Formosa Plastics Corp…
Behind target40%
2030
11.1% reduction in scope 3 total
Formosa Plastics Corporation commits to reduce absolute scope 1 and 2 GHG emissions 40% by 2030 from a 2020 base year. Formosa Plastics Corp…
Behind target11.1%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
2030 targetSee details
Active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Formosa Plastics1 year ago
22
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Frequently asked questions
Common questions about Formosa Plastics’s sustainability data and climate commitments
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