Formosa Petrochemical

InfluenceMap Score
Performance Band
Organisation Score
Relationship Score
Taiwan, Taiwan
Official Web Site:

Climate Lobbying Overview: Formosa Petrochemical appears to have very limited and negative engagement on climate policy. InfluenceMap was unable to find evidence of top-line communications on climate change or comments related to the energy transition.

Top-line Messaging on Climate Policy: In its 2021 Task Force on Climate-Related Financial Disclosures Report, published in June 2022, Formosa Petrochemical supported the science of climate change. The company does not appear to have communicated about its positions on the Paris Agreement, climate change policy, and the target for global climate temperature.

Engagement with Climate-Related Regulations: Formosa Petrochemical appears to have limited but negative engagement with specific climate policy items. In a public consultation in October 2020, Formosa Petrochemical appeared to oppose the carbon tax proposed by Taiwan Environmental Protection Administration in the plan for the second phase of the GHG Reduction and Management Act, warning the unreasonably high price will hurt their industry’s international competitiveness as well as domestic investment and job creation. In terms of emissions reduction target, in its 2020 Corporate Social Responsibility Report, published in June 2021, Formosa Petrochemical supported Taiwan’s target of reducing 50% GHG emissions by 2050, compared to 2005 levels. However, in a consultation on the second phase of the GHG Reduction and Management Act in October 2020, the company did not support the proposed industry-wide GHG emissions reduction target, and instead proposed formulating targets for product units. InfluenceMap has not found evidence of the company’s engagement on other streams of climate policy.

Positioning on Energy Transition: As of August 2022, InfluenceMap could not find any evidence of Formosa Petrochemical engaging on the energy transition.

Industry Association Governance: As of August 2022, Formosa Petrochemical disclosed a list of its industry association membership, however, the disclosure does not provide details on the climate policy positions of these associations and how they align with the company’s own. InfluenceMap could not identify any memberships to industry associations in InfluenceMap's database.

Additional Note: Formosa Petrochemical is headquartered in Taiwan, where InfluenceMap’s LobbyMap platform can currently only make a provisional assessment of corporate climate policy engagement, due to limited capability to access publicly available data on this issue. As it is possible that InfluenceMap is not yet able to fully capture evidence of Formosa Petrochemical's climate policy engagement activities, these scores should be considered provisional at this time.

InfluenceMap collects and assesses evidence of corporate climate policy engagement on a weekly basis, depending on the availability of information from each specific data source (for more information see our methodology). While this analysis flows through to the company’s scores each week, the summary above is updated periodically. This summary was last updated in Q3 2022.

Strength of Relationship

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.