ESG Tracker – People

Formosa once again worked with the Community Food Bank of New Jersey on a volunteer opportunity at their Hillside location, sorting and packing food that was then shipped to various locations for distribution.

Nearly 800,000 people in New Jersey are food insecure, and the CFBNJ helps provide 85 million meals a year to fight hunger. As part of Formosa’s commitment to people and our community, we were excited to get involved and help where we were needed.

For more than 20 years, Formosa Plastics has partnered with the National Merit Scholarship Corporation to identify high school seniors that meet the most rigorous of academic standards, and whose parents work for Formosa Plastics Corporation, U.S.A. We congratulate and applaud this year’s recipient, Kary Y. Xu for her outstanding academic achievements and for being Formosa’s 2022 National Merit® scholar!

The Formosa-Tejano Wetlands Education Center hosted Calhoun County Independent School District (CCISD) fifth and seventh graders this month. Located near La Ward, Texas, the Education Center is part of a decade-long partnership between Formosa Plastics and CCISD to provide hands-on instruction in the areas of environmental and natural science. Students also learn how to use science equipment including: microscopes, binoculars, collection nets, and water quality kits. The environmental education experiences conducted at the Education Center are aligned with Texas Essential Knowledge and Skills (TEKS) state curriculum to reinforce concepts and lessons learned in the classroom. The Education Center serves approximately 800 students each year.

As part of our sustainability efforts, Formosa is committed to stamping out hunger to better the lives of people in our community. On December 8 and December 9, 2021 three teams of employees volunteered at the Community FoodBank of New Jersey. Through their efforts more than 8,500 meals for the people and communities that the CFBNJ serves were supported.

As part of the $5 million donation (on July 1, 2020) to food banks in New Jersey, Louisiana & Texas by the new Mighty Foundation, executives from our New Jersey location visited the Community Food Bank of New Jersey (CFBNJ) facility in Hillside.

During the visit, CFBNJ representatives showcased the impressive 24/7 operation they have in place to provide over 50 million nutritious meals to New Jersey residents each year. From acquiring food from suppliers and donors, through sorting, packaging, loading and shipment, the CFBNJ is definitely a well-oiled machine. In addition, their Food Service Training Academy teaches marketable culinary and food industry skills to hundreds of students each year.

Founding member of the Alliance to End Plastic Waste.

Formosa establishes Training and Development Center.

Formosa Plastics adds Business Code of Conduct 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 their jobs, and to report any violation. All reports of violations will be taken seriously and addressed promptly.

Creation of the $1M Formosa Environmental and Community Trust Funds.