Formosa Plastics (1301.TW)

Overall impact
D (37)

Commentary

Formosa Plastics is a below-average overall performer. With a 'D' rating of 37.0 for overall impact (bottom 25% of all companies), Formosa Plastics ranks 103rd out of 151 industry peers, behind Amyris, Aemetis, Northern Technologies International and 99 others, and ahead of Oil-Dri of America, Mitsubishi Gas Chemical Inc, Cabot and 45 others. On top material causes for Formosa Plastics's industry (Chemicals), Formosa Plastics performs well in Sustainable Use of Water (90.9 score) and performs poorly in No Poverty (16.2 score), Child and Maternal Health (0.0), Racial Justice and Civil Rights (37.7) and 12 other causes where it received a 'D' or 'F' score.
Impact
Cause 1301.TW
Peer rank
Overall impact

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Company
Founded
1954
Employees
10,000
Sector
Materials
Industry
Construction Materials
Sub-industry
Construction Materials
SASB industry
Chemicals
Headquarters
Taiwan
Share classes
1301.TW
Description
Formosa Plastics Corporation manufactures and sells plastic raw materials, chemical fibers, and petrochemical products in Taiwan, Mainland China, and internationally. The company's plastic products include PVC, high-density polyethylene, linear low-density polyethylene, ethylene vinyl acetate copolymer, polyethylene wax, polypropylene, and acetate copolymer. It also provides chemicals, such as liquid caustic soda, caustic soda solid, liquid chlorine, vinyl chloride, dichloroethane, acrylonitrile, acetonitrile, methyl methacrylate, methacrylate, epichlorohydrin, methyl tertiary butyl ether, acrylate, superabsorbent resin, and n-butanol. In addition, the company 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, sodium hypochlorite, chlorinated solvents, hydrogen, lithium-ion battery electrolytes, lime, calcium carbonate powder, and hydrochloric acid, as well as antibacterial products. Its products are used in household items, outdoor sports, mechanical engineering, building materials coatings, 3C appliances, civil engineering, agricultural and livestock, and other applications. The company was incorporated in 1954 and is headquartered in Kaohsiung, Taiwan.
Material causes
Ethos considers the following causes material for Formosa Plastics, based on its industry sub-industry Construction Materials. Learn more about material causes in our methodology overview.

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