Formosa Plastics CorpFormosa Plastics Corp - ESG Rating & Company Profile powered by AI

Industry Group:Commodity Chemicals

Jump to the end of the webpage for potential risks for Formosa Plastics Corp based on industry, location and marketcap. This analysis of Formosa Plastics Corp is prepared by All Street Sevva using leading NLP. The assessment of Formosa Plastics Corp leverages data from across the web and also from public documents by Formosa Plastics Corp.

Formosa Plastics Corp in the Commodity Chemicals industry gained a UN SDG ESG Transparency Score of 6.6; made up of an environmental score of 8.0, social score of 6.0 and governance score of 5.7.

SDG Transparency Score for Formosa Plastics Corp 
Low
0 - 3

6.6

Medium Impact
4 - 6
High
7 - 10
Last Score Update: 2024-05-01
What drives the score for Formosa Plastics Corp 
8.0

Environmental

6.0

Social

5.7

Governance

Detailed ESG Breakdown
SEVVA Platform offers unique drill down to the underlying sources powering the ratings. Break down your ESG analysis by 17 UN SDGs and 8 additional governance factors.

Peer Group Comparison

RankCompanySDG Transparency Score Performance
1Calix Ltd
8.0
High
1Castrol India Ltd
8.0
High
163TOA Paint Thailand PCL
6.7
High
163Yong Tai Bhd
6.7
High
172Formosa Plastics Corp
6.6
High
172Alpek SAB de CV
6.6
High
174Carbios SA
6.5
High
.........
591Zhejiang Zhongcheng Packing Material Co Ltd
0.0
Low
591Zhuzhou Times New Material Technology Co Ltd
0.0
Low
.........
View the full peer group of 1299 companies on the SEVVA platformSign up for free
Peer Companies Benchmark
SEVVA Platform benchmarks each company against a peer group. View the full score distribution for peers by logging into SEVVA

Frequently Asked Questions

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Does Formosa Plastics Corp reference operational or capital allocation in relation to climate change?

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Does Formosa Plastics Corp disclose its ethnicity pay gap?

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Does Formosa Plastics Corp disclose cybersecurity risks?

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Does Formosa Plastics Corp have a long term incentive (LTI) executive compensation plan based on a measure of return on capital?

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Does Formosa Plastics Corp conduct supply chain audits?

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Is there a statment that there is no plan to expand their cement production? (for example: 'We have no current plans to add additional cement making capacity')

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Does Formosa Plastics Corp conduct 360 degree staff reviews?

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Does Formosa Plastics Corp disclose current and historical air emissions?

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Is there a statment that there is no plan to expand their coal usage? (for example: 'We have no current plans to add additional coal powered electricity generation')

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Is executive remuneration linked to climate performance?

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Does the Board describe its role in the oversight of climate-related risks and opportunities?

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Does Formosa Plastics Corp disclose current and / or historical scope 2 emissions?

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Did Formosa Plastics Corp have a product recall in the last two years?

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Does Formosa Plastics Corp disclose climate scenario or pathway analysis?

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Does Formosa Plastics Corp disclose current and / or historical scope 1 emissions?

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Are Operating Expesnses linked to emissions reduction?

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Does Formosa Plastics Corp disclose the pay ratio of women to men?

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Does Formosa Plastics Corp support suppliers with sustainability related research and development?

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Does Formosa Plastics Corp disclose the number of operations that have been subject to human rights reviews or human rights impact assessments?

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Does Formosa Plastics Corp reflect climate-related risks in its financial statements?

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Is there a statment that there is no plan to expand their carbon intensite energy assets? (for example: 'We have no current plans to carry out further drilling for oil,')

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Is Formosa Plastics Corp involved in embryonic stem cell research?

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Does Formosa Plastics Corp disclose GHG and Air Emissions intensity?

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Does Formosa Plastics Corp disclose energy use targets?

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Does Formosa Plastics Corp disclose its Renewable Energy targets?

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Potential Risks for Formosa Plastics Corp
These potential risks are based on the size, segment and geographies of the company.

Formosa Plastics Corporation manufactures and sells plastic raw materials, chemical fibers, and petrochemical products in Taiwan, Mainland China, and internationally. Its plastic products include PVC, high-density polyethylene, linear low-density polyethylene, ethylene vinyl acetate copolymer, polyethylene wax, polypropylene, polyacetal, and compound rubber particles. The company also provides chemicals, such as liquid caustic soda, solid alkali, liquid chlorine, vinyl chloride, dichloroethane, acrylonitrile, acetonitrile, methyl methacrylate, methacrylate, epichlorohydrin, methyl tertiary butyl ether, acrylate, superabsorbent resin, and n-butanol. In addition, it offers carbon fibers; process computer DCS systems, warehouse logistics control systems, real-time production management systems, safety control systems, and laboratories information management systems; and other products, including dye-sensitized batteries, processing aids, impact modifiers, haibo, chlorinated solvents, purified hydrogen, lithium-ion battery electrolytes, lime, calcium carbonate powder, and hydrochloric acid, as well as antibacterial products. The company provides its products for use in various applications, such as daily necessities, outdoor sports, mechanical engineering, building materials coatings, 3C home appliances, civil and agricultural livestock, and other applications. Formosa Plastics Corporation was incorporated in 1954 and is headquartered in Kaohsiung, Taiwan.

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