- Global economic slowdown due to the China-U.S. trade war
- Shrinking demand for certain products
- Decline in petrochemical product prices
- Plummeting income of related corporations
Formosa Plastics Corporation
Greenhouse gas emissions & sustainability report data
In its 2019 reporting, Formosa Plastics Corporation disclosed greenhouse gas emissions of 1.2M tCO2e/year. By scope: Scope 3: 11.4M tCO2e/year (2018 data). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
1.2M tCO2e/year
2019
Waste
63.3K tons/year
2019
📊 Emissions by Scope (2019)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 11.4M tCO2e/year (2018 data) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Conserved 3,926 tons of water per day
- Reduced 1,194,000 tons of GHG emissions per year
- Obtained third-party certification of "water footprint"
- Achieved "A-" on CDP Water Disclosure Project
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce waste by 3% within three years (six-year average) at Mailiao Complex
- Reduce air pollutants (TSP, SOx, NOx, and VOC) by 3% within three years (six-year average) at Mailiao Complex
- Achieve 100% rainwater harvest area at complexes by 2020
📅 Medium-term
- Adopt higher standards in environmental supervision and management
- Promote source reduction in wastewater and recycling of discharged water from wastewater treatment plants
- Reduce wastewater discharge by 2,460 CMD
🔭 Long-term
- Continue to promote a "circular economy" and strive toward achieving the "zero waste" objective
- Achieve zero wastewater discharge by 2023
- Achieve zero violation of environmental laws
🌱 ESG Focus Areas
Corporate GovernanceEnvironmental SustainabilityEmployee WelfareWorkplace SafetyCommunity Co-prosperity