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Formosa Chemicals & Fibre Corp is a Taiwanese chemical and fibre manufacturer that produces a wide range of products, including petrochemicals, plastics, synthetic fibres, and other industrial chemicals. It also operates a number of power plants and refineries to support its operations.

Formosa Chemicals & Fibre Corporation

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• Condition: 1.5°C < SB2A ≤ 2°C
• Description: These companies, while not in the top tier of ‘leader’, still play a crucial role in advancing climate goals. Their activities are contributing substantially to climate objectives in their sectors and the climate transition.

● Condition: 3°C ≤ SB2A < 4°C or SB2A ≥ 2°C and increasing GHG intensity
● Description: Non-aligned companies face an urgent need for environmental improvement as their GHG intensity is increasing. With an SB2A Temperature indicating a substantial temperature misalignment (3°C ≤ SB2A < 4°C), these companies are recognized as having a high environmental impact. These companies are urged to prioritize and accelerate their sustainability initiatives to address their significant climate-related challenges.

• Condition: SB2A ≤ 1.5°C
• Description: Companies in this category demonstrate an exceptional commitment to the Paris Agreement. Their activities contribute significantly to maintaining global warming well below the 2-degree target, positioning them as leaders in enabling a sustainable future.

● Condition: SB2A ≥ 4°C
● Description: Laggard companies face a critical need for environmental improvement. With an SB2A Temperature indicating an extreme temperature misalignment (≥ 4°C), these companies are recognized as having the highest climate impact. These companies are urged to prioritize and accelerate their sustainability initiatives to address their significant climate-related challenges.

• Condition: 2°C ≤ SB2A < 3°C and decreasing GHG intensity and the company has established a target to reduce its GHG emissions
• Description: Companies in this category are actively positioning themselves for a sustainable transition. Their commitment is evident through a decrease in GHG intensity at company level, together with a certified targeted plan for further reduction and a decrease in temperature.

• Condition: 2°C ≤ SB2A < 3°C and decreasing GHG intensity without any target
• Description: Transitioning companies, despite the absence of a reduction target, are engaged in reducing their carbon footprint. The decrease in the GHG intensity at issuer level is the sign that these companies are making strides toward sustainability, even if a specific reduction target is yet to be formalized.

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Climate Rating: Actively transitioning - Formosa Chemicals & Fibre Corp is a Taiwanese chemical and fibre manufacturer that produces a wide range of products, including petrochemicals, plastics, synthetic fibres, and other industrial chemicals. It also operates a number of power plants and refineries to support its operations.

Free Corporate Rating

Formosa Chemicals & Fibre Corporation

ISIN

LEI

Description

Rating peers in sector of Materials (based on 420 companies)

10%

Leader

11%

Aligned

Formosa Chemicals & Fibre Corporation

10%

Actively
transitioning

8%

Transitioning

23%

Not
aligned

37%

Laggard

Discover other companies in Materials with Actively transitioning score

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Free Corporate Rating

Formosa Chemicals & Fibre Corporation

ISIN

LEI

Description

Rating peers in sector of Materials (based on 420 companies)

10%

Leader

11%

Aligned

Formosa Chemicals & Fibre Corporation

10%

Activelytransitioning

8%

Transitioning

23%

Notaligned

37%

Laggard

Discover other companies in Materials with Actively transitioning score

Get in touch!

Actively
transitioning

Not
aligned