Formosa Plastics Corp
Formosa Plastics's Climate Target Data Preview
As of 2024, Formosa Plastics has disclosed 3 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 3 absolute reduction targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Formosa Plastics ’s climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target* | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2025 |
Absolute-based Target | Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Fuel- and Energy-Related Services (Cat. 3), Scope 3 - Upstream Transportation and Distribution (Cat. 4), Scope 3 - Use of Sold Products (Cat. 11) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2030 |
Absolute-based Target* | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2030 |
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Verified Sources Behind Formosa Plastics’s Climate Targets Data
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Insights into Formosa Plastics's Greenhouse Gas Emissions Pathways
As of 2024, Formosa Plastics has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint. a
Does Formosa Plastics have a target to reduce the emissions from its operations?
As of 2024, Formosa Plastics has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a
Formosa Plastics's most ambitious operational target is to reduce these emissions by 40% by 2030, compared to a baseline of 8,635,254 Metric Tonnes of CO2 equivalent (mtCO2e) in 2020. a
As of 2024, Formosa Plastics is lagging behind on its operational emissions reduction target, having achieved 31.4% of the planned reduction. a