Sign up to access all our data and the evidence and analysis underlying our overall scores. Once you've created an account, we'll get in touch with further details:
Sign Up
| Overall Assessment |
Comment |
Score |
| Strong |
Formosa Petrochemical Corp discloses a focused engagement with the ‘Greenhouse Gas Reduction and Management Act’ and related cap-control regulations on industrial emissions, detailing discussions on total quantity caps, reduction ratios, and offset projects. It explains three distinct lobbying approaches—participation in Environmental Protection Administration meetings, membership in the Greenhouse Gas Reduction Task Force, and direct communications with the EPA and the Industrial Development Bureau—clearly identifying its targets. The company also articulates multiple specific outcomes it seeks: government recognition for past carbon reduction efforts, careful evaluation of reduction methods (including equipment replacement), acknowledgment of industry achievements, and support for compliance with upcoming regulatory requirements aligned with the Paris Agreement. This disclosure demonstrates a strong level of transparency around its climate policy lobbying activities.
|
3
|
| Overall Assessment |
Comment |
Score |
| Strong |
Formosa Petrochemical Corp has instituted a governance framework to ensure its policy engagement aligns with its climate strategy, requiring that “members of the General Manager’s Office or the FPCC Sustainable Development Promotion Working Group (FPCC SDPWG) would be appointed as FPCC representatives” and that “the opinions of the appointed representatives on climate change related issues shall be submitted to and approved by the head of relevant business divisions for strategic consistency checks prior to the participation of direct or indirect activities that influence policy.” Representatives are selected based on having “been conducting in-depth research on climate change related issues on regular basis” and participating in “the FPCC’s strategy development process,” thereby linking internal strategy formulation with external advocacy. Climate strategies are “discussed during the board-level energy conservation and emission reduction meetings held quarterly,” with the General Manager charged to disseminate them through internal platforms and stakeholder communications. Moreover, when “public policy is inconsistent with our climate change strategies,” FPCC will “communicate with the government through Department of Public Affairs or trade associations to amend or negotiate the policy contents to ensure FPCC’s rights and interest,” demonstrating active oversight of both direct lobbying channels and trade association engagement under clear senior leadership and board-level review.
|
3
|