Unchecked and Unaccountable: The Sustainability Crisis at Formosa Plastics Group

Formosa Plastics Group (FPG) is Taiwan’s largest industrial conglomerate and one of the world’s largest petrochemicals and plastics producers. It has received close to US$2 billion in sustainability-linked loans and is included in over 40 ESG-labelled funds. Yet FPG’s track record demonstrates that it has been a “serial offender” against environmental regulations, posing a threat to human health, local ecosystems, and the global climate.

FPG’s sustainability failures have not help edit financially. The Group’s largest companies have lost half of their share value since the start of 2024, while a significant fall in profits sand rising debts have triggered downgrades by major credit rating agencies.

This report by Friends of the Earth and Environmental Rights Foundation examines how Formosa Plastics Group performs in relation to environmental, social and governance (ESG) standards.

Read the report in Chinese here. (阅读中文报告)