Formosa Plastics Corp
Formosa Plastics's GHG Emissions Data Preview
In 2023, Formosa Plastics completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).
Formosa Plastics has also provided a category-level breakdown for 11 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Formosa Plastics's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Formosa Plastics amounted to 8,005,549 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Formosa Plastics increased by 0.78%, suggesting that the company faced challenges in reducing its emissions from its core operations.
Formosa Plastics's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Formosa Plastics's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Formosa Plastics were 3,542,116 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Formosa Plastics reduced its Scope 1 emissions over time?
Since 2018, Formosa Plastics's Scope 1 emissions have decreased by 7.67%, reflecting a declining long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), Formosa Plastics's Scope 1 emissions increased by 6.1%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.
What are Formosa Plastics's Scope 2 emissions?
In 2023, Formosa Plastics reported Scope 2 greenhouse gas (GHG) emissions of 4,463,433 tCOâ‚‚e without specifying the calculation method.
Has Formosa Plastics reduced its Scope 2 emissions over time?
Since 2018, Formosa Plastics's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 10.88%, reflecting a declining long-term trend in Scope 2 emissions over time.
Compared to the previous year (2022), Formosa Plastics's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Formosa Plastics 's emissions have plateaued with no significant change in its energy consumption footprint.
What methodology does Formosa Plastics use for Scope 2 reporting?
In 2023, Formosa Plastics reported its Scope 2 emissions using an unspecified methodology.
Formosa Plastics's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Formosa Plastics's Value Chain Emissions
In 2023, Formosa Plastics reported 11,845,359 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of Formosa Plastics includes a breakdown across 11 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain
Formosa Plastics's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Formosa Plastics's Scope 3 emissions?
In 2023, Formosa Plastics reported total Scope 3 emissions of 11,845,359 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 49.85% of these emissions originated from upstream activities such as purchased goods and capital goods, while 50.15% came from downstream activities like product use, distribution, and end-of-life treatment.
Has Formosa Plastics reduced its Scope 3 emissions over time?
Since 2018, Formosa Plastics's Scope 3 emissions have remained relatively stable, indicating that Formosa Plastics 's emissions have plateaued with no significant change in its value chain footprint.
Compared to the previous year (2022), Formosa Plastics's Scope 3 emissions remained relatively stable, indicating that Formosa Plastics 's emissions have plateaued with no significant change in its value chain footprint.
What categories of Scope 3 emissions does Formosa Plastics disclose?
In 2023, Formosa Plastics reported emissions for 11 out of the 15 Scope 3 categories defined by the GHG Protocol.
This reflects a high level of granularity and transparency in the company's emissions reporting.
What are the main sources of Formosa Plastics's Scope 3 emissions?
In 2023, the largest contributors to Formosa Plastics's Scope 3 emissions were:
- Purchased Goods and Services (Cat. 1): 3,594,345 tCOâ‚‚e (30.34%)
- Investments (Cat. 15): 3,498,585 tCOâ‚‚e (29.54%)
- Processing of Sold Products (Cat. 10): 2,436,730 tCOâ‚‚e (20.57%)
Formosa Plastics's Scope 3 Emissions by Categories
Insights into Formosa Plastics's Total Carbon Footprint
In 2023, Formosa Plastics reported a total carbon footprint of 19,850,908 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.16% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.
The largest contributor to Formosa Plastics's total carbon footprint was Scope 3 emissions, accounting for 59.67% of the company's total carbon footprint, followed by Scope 2 emissions at 22.48%.