Eight Formosa Plastics Group Companies Earn Top “A” Scores from CDP Recognized

As global awareness of climate change and sustainable development con-tinues to grow, Formosa Plastics Group (FPG) once again demonstrated its commitment to sustainability. According to the 2024 scores released by the internationally renowned environmental disclosure organization CDP (Car-bon Disclosure Project), eight publicly listed FPG companies were awarded A scores in CDP’s Climate Change and Water Security questionnaires, earning a place on the prestigious A List. These companies were honored at the CDP Taiwan Results Presentation jointly organized by CDP and the Business Council for Sustainable Development (BCSD Taiwan) on June 10.

CDP is one of the world’s most influential platforms for environmental dis-closure. More than 640 institutional investors, with combined assets ex-ceeding USD 127 trillion, and over 330 large-scale purchasing organiza-tions, with a total annual procurement volume of more than USD 6.4 trillion, require their suppliers to disclose environmental data through CDP. In 2024, over 24,800 companies participated in the CDP assessment, high-lighting the intense competition.

Among this year’s results, six FPG companies—Formosa Plastics Corpora-tion, Nanya Technology Corporation, Nan Ya PCB Corporation, Formosa Taffeta Co., Formosa Advanced Technologies Co., and Formosa Sumco Technology Corporation—received an “A” rating in the Climate Change questionnaire. In the Water Security questionnaire, six companies—Formosa Plastics Corporation, Nan Ya Plastics Corporation, Formosa Chemicals & Fibre Corporation, Nan Ya PCB Corporation, Formosa Ad-vanced Technologies Co., and Formosa Sumco Technology Corporation—were likewise awarded an “A” rating. Notably, four companies—Formosa Plastics Corporation, Nan Ya PCB Corporation, Formosa Advanced Tech-nologies Co., and Formosa Sumco Technology Corporation—were recog-nized on CDP’s double A List, showcasing their robust and comprehensive environmental management capabilities.

During the event, Dennis Wan, CDP’s Director of Market Development for the Asia-Pacific region, shared insights into global climate and sustainability trends, and extended special recognition to the high-performing “A List” companies. Eight FPG companies were invited to attend, exemplifying Tai-wan’s corporate leadership on the global stage in sustainability.

In anticipation of Taiwan’s implementation of carbon fees in 2026 and its transition into a carbon-pricing era, FPG has proactively taken steps to re-duce emissions and strengthen climate risk management. In 2021, the Group announced its carbon reduction roadmap: using its 2007 peak emis-sions of 61.48 million tons as the baseline, FPG aims to reduce emissions by 20% by 2025, 35% by 2030, and achieve carbon neutrality by 2050.

From early adoption of 5S management and circular economy practices to the recent integration of AI and simulation technologies for process optimi-zation, FPG continuously demonstrates its commitment to sustainability through tangible actions. Its consistently strong CDP performance is also attributed to alignment with the Science Based Targets initiative (SBTi), im-plementation of internal carbon pricing, and disclosure in accordance with the Task Force on Climate-related Financial Disclosures (TCFD) frame-work.

FPG emphasized that, in response to the growing momentum of ESG globally, the Group will continue to invest in AI, big data, and cloud-based solutions to strengthen environmental management and drive innovation, working collaboratively toward a low-carbon economy and a more sustain-able future.