Formosa Plastics Corp
Formosa Plastics's GHG Emissions Data Preview
In 2024, 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 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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bVerified Sources Behind Formosa Plastics’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Formosa Plastics’s data sources below and access millions more through our Disclosure Search.
Insights into Formosa Plastics's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Formosa Plastics amounted to 7,550,471 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). a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Formosa Plastics decreased by 5.68%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
Formosa Plastics's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Formosa Plastics's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Formosa Plastics were 3,454,675 metric tons of CO₂ equivalent (tCO₂e). a
Has Formosa Plastics reduced its Scope 1 emissions over time?
Since 2018, Formosa Plastics's Scope 1 emissions have decreased by 9.95%, reflecting a declining long-term trend in Scope 1 emissions over time. a c
Compared to the previous year (2023), Formosa Plastics's Scope 1 emissions decreased by 2.47%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are Formosa Plastics's Scope 2 emissions?
In 2024, Formosa Plastics reported Scope 2 greenhouse gas (GHG) emissions of 4,095,796 tCO₂e without specifying the calculation method. a
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 18.22%, reflecting a declining long-term trend in Scope 2 emissions over time. a c
Compared to the previous year (2023), 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. a
What methodology does Formosa Plastics use for Scope 2 reporting?
In 2024, Formosa Plastics reported its Scope 2 emissions using an unspecified methodology. a
Formosa Plastics's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Formosa Plastics's Value Chain Emissions
In 2024, Formosa Plastics reported 12,023,680 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2024 disclosure of Formosa Plastics includes a breakdown across 11 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
Formosa Plastics's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Formosa Plastics's Scope 3 emissions?
In 2024, Formosa Plastics reported total Scope 3 emissions of 12,023,680 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 52.63% of these emissions originated from upstream activities such as purchased goods and capital goods, while 47.37% came from downstream activities like product use, distribution, and end-of-life treatment. a
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. a c
Compared to the previous year (2023), 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. a
What categories of Scope 3 emissions does Formosa Plastics disclose?
In 2024, Formosa Plastics reported emissions for 11 out of the 15 Scope 3 categories defined by the GHG Protocol. a
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 2024, the largest contributors to Formosa Plastics's Scope 3 emissions were: a
- Investments (Cat. 15): 3,476,268 tCO₂e (28.91%)
- Purchased Goods and Services (Cat. 1): 3,469,669 tCO₂e (28.86%)
- Processing of Sold Products (Cat. 10): 2,214,949 tCO₂e (18.42%)
Formosa Plastics's Scope 3 Emissions by Categories
Insights into Formosa Plastics’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Formosa Plastics reported Scope 1 greenhouse gas (GHG) emissions of 3,454,675 tCO₂e and total revenues of USD 6,106 millions. This translates into an emissions intensity of 565.76 tCO₂e per millions USD. a
Formosa Plastics's Scope 1 Emissions Intensity Compared to Peers
How does Formosa Plastics's GHG emissions intensity compare to its peers?
In 2024, Formosa Plastics reported a Scope 1 emissions intensity of 565.76 tCO₂e per millions USD. Compared to the peer group median of 135.93 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does Formosa Plastics rank on GHG emissions intensity within its industry?
In 2024, Formosa Plastics ranked 19 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Formosa Plastics is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Formosa Plastics's Total Carbon Footprint
In 2024, Formosa Plastics reported a total carbon footprint of 19,574,151 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.39% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to Formosa Plastics's total carbon footprint was Scope 3 emissions, accounting for 61.43% of the company's total carbon footprint, followed by Scope 2 emissions at 20.92%. a