Formosa Petrochemical Corp
Formosa Petrochemical Corp is a publicly listed midstream oil and gas company headquartered in Taiwan, China. In 2020, it had USD 21.39 billion in revenue and a reported 5,338 employees*. Its primary business includes oil refining and selling petroleum products and olefins from naphtha cracking operations. Formosa has set long-term emissions reduction targets but does not report its emissions levels.
- Ranking position
- #24 /100
- Total score
- 17.1 /100
- Performance score
- 2.2 /20
- Narrative Score
- ABCDE
- Trend Score
-
- Trend line is up
- Trend line is equal
- Trend line is down
Leading practice
No leading practices were identified for this company.
Risks and opportunities
Trend
Formosa receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. Formosa has conducted a climate scenario analysis and set 2030 and 2050 emissions reduction targets. However, it has not yet made any improvement in its scope 1 and 2 emissions intensity. The company’s scope 1, 2 and 3 emissions intensity increased. It is at an early stage of exploring low carbon products and technologies.
Progress towards the Paris Agreement
See results for
More about the company
- Headquarters
- Yunlin County, Taiwan, China
- Group revenue
- USD 21.39 billion
- Ownership structure
- Publicly listed
- Number of employees
- 5,338
- Scope of activity
- Midstream