ESG Tracker – Community

Formosa donates 3.6 million dollars to TxDOT to assist in widening Farm-to-Market Road 1593 just outside of its production plant in Point Comfort, TX. Construction is expected to take 12-16 months to complete, scheduled to begin next year. Texas State Representative J.M. Lozano stated, “This is just another example of Formosa’s incredible care for the community. They’re stepping up to the plate to help Texas build this road."

Formosa Plastics adds to an already admirable Code of Conduct/Business Ethics Policy by implementing the Supplier Code of Conduct. This helps to protect and provide safe employment for all companies we do business with; requiring all businesses to comply with child labor laws, fair labor practices and business integrity, among other things.

Employees commemorated World Cleanup Day with beach cleanups in both Texas and New Jersey. In Texas, 40 Formosa employees, contractors, and family members collected litter on Magnolia Beach in Indianola. In New Jersey, 15 employees collected litter on Plum Island at Sandy Hook Gateway National Recreation Area. Our efforts continued into late October providing a total collection of nearly 50,000 pieces of litter in support of the Alliance to End Plastic Waste's 2022.

Formosa Plastics Corporation, U.S.A. Point Comfort, TX location awarded BEST PLACE TO WORK OVER 100 EMPLOYEES! From the Calhoun County community.

We worked with the Save Coastal Wildlife organization to set-up a beach clean-up event to help pick up litter, etc. in Union Beach, NJ, located right along the Raritan Bay. This coastal/estuarine area is a prime nesting location for ospreys and other shore/wading birds and is usually overburdened with various forms of trash and debris. Cleaning up this location is always an important endeavor and we were able to collect 280 lbs. of trash!

To improve safety for our employees and also our community members, FPC joined with the Texas Department of Transportation (TxDOT) to widen FM 1593. The road will be widened to five lanes for approximately three miles to the East.
The project will take roughly 12-months, should begin in late 2023 and is expected to be completed by early 2025. FPC is donating funds to assist with the costs of repairs and improvements.

Receive Green Circle Certification in the +Vantage Vinyl Program.

Business Code of Conduct was added to our current Business Ethics Policy & compliance policies and procedures. The Business Code of Conduct states every employee is expected to understand and comply with Formosa Plastics’ Code of Business Conduct, as well as those policies, practices, and regulations that affect his or her job, and to report any violation. All reports of violations will be taken seriously and addressed promptly.

Formosa EVP endorses Sustainable Development Goals.