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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
Performance module name Performance module score Rank (0-100)

Targets

6.7 / 100 #30

Material Investment

0.8 / 100 #77

Intangible Investment

0.1 / 100 #19

Sold products

0.0 / 100 #55

Management

42.7 / 100 #32

Supplier Engagement

33.8 / 100 #12

Client Engagement

23.8 / 100 #16

Policy Engagement

20.0 / 100 #47

Business Model

0.0 / 100 #52

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

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