Formosa Plastics Corporation, commonly referred to as FPC, is a leading player in the global petrochemical industry, headquartered in Taiwan (TW). Established in 1978, the company has expanded its operations across major regions, including North America and Asia, solidifying its presence in the market.
FPC is renowned for its diverse range of products, including polyvinyl chloride (PVC), polyethylene, and polypropylene, which are integral to various industries such as construction, automotive, and consumer goods. The company’s commitment to innovation and sustainability sets it apart, as it continually invests in advanced technologies to enhance product quality and reduce environmental impact.
With a strong market position, Formosa Plastics has achieved significant milestones, including numerous awards for operational excellence and environmental stewardship, making it a trusted name in the petrochemical sector.
-8 vs industry average
Formosa Plastics’s score of 21 is lower than 49% 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
Chemicals is among the most carbon-intensive industries
Industry performance
The Chemicals industry has reduced its overall emissions by 6% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Formosa Plastics's reported carbon emissions
In 2023, Formosa Plastics Corporation (FPC) reported total carbon emissions of approximately 19.9 billion kg CO2e. This figure includes Scope 1 emissions of about 3.5 billion kg CO2e, Scope 2 emissions of approximately 4.5 billion kg CO2e, and Scope 3 emissions reaching about 11.8 billion kg CO2e. FPC has set ambitious climate commitments, aiming for carbon neutrality by 2050. In the near term, the company plans to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 40% by 2030, using 2020 as the base year. Additionally, it targets an 11.1% reduction in absolute Scope 3 emissions by 2030, with 2021 as the base year. These targets are aligned with the Science Based Targets initiative (SBTi) and are classified as consistent with keeping global warming well below 2°C. FPC's emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. The company is actively working towards its climate goals while addressing its significant carbon footprint across all scopes of emissions.
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Formosa Plastics’s Climate Goals (2030 & 2050)
1 goal2050
Ultimately, the company plans to achieve carbon neutrality b…
Ultimately, the company plans to achieve carbon neutrality by 2050.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Formosa Plastics
Frequently asked questions
Common questions about Formosa Plastics’s sustainability data and climate commitments
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