Continuous Improvement Home » Sustainability » Continuous Improvement Sustainability Milestones Partnerships for the Goals Long-Term Strategies Sustainability Milestones Partnerships for the Goals Formosa Plastics Corporation, U.S.A. adds Environmental, Social and Governance (ESG) funds to the company’s pension fund and 401(k) investment portfolio based upon recommendations from our fiduciary advisors. Clean Water and Sanitation Facility improvements initiated for zero stormwater discharge. Sustainable Cities and Communities Receive Green Circle Certification in the +Vantage Vinyl Program. Good Health and Well-Being Founding member of the Alliance to End Plastic Waste. Quality Education Formosa establishes Training and Development Center. Affordable and Clean Energy Formosa achieves revised ISO 14001 standard discharge agreement. Decent Work and Economic Growth Formosa EVP endorses Sustainable Development Goals. Life on Land Formosa-Tejano Wetlands established. Climate Action Sustainability agreement with Technical Review Commission. Responsible Consumption and Production Formosa achieves ISO 14001 Environmental Management Systems registration for all sites. Life Below Water Formosa signs zero discharge agreement. Life Below Water Lavaca Bay Monitoring Program initiated. Responsible Consumption and Production Formosa signs agreement to establish Technical Review Commission and conduct 3rd party audits. No Poverty Creation of the $1M Formosa Environmental and Community Trust Funds. Decent Work and Economic Growth Formosa purchases Point Comfort site to develop a greenfield VCM/PVC facility. 2021 2020 2019 2018 2016 2015 2000 1997 1996 1994 1993 1992 1991 1978 Partnerships for the Goals Formosa Plastics Corporation, U.S.A. partners with top organizations on the forefront of sustainability. Learn More Long-Term Strategies UN Sustainable Development Goals Affordable and Clean Energy Continue to find ways to offset carbon dioxide emissions through wind and solar opportunities in Texas and other areas where Formosa Plastics Corporation, U.S.A operates. Life Below Water Work with our community partners to exchange meaningful ideas and find common ground to repair environmental damage. Work globally to combat the problem of plastic waste in the ocean by actively supporting the Alliance to End Plastic Waste. Life on Land Formosa will look to modify property contracts for leased farmland to require AMP grazing techniques which capture CO2 in the soil. Expand educational opportunities at the Formosa-Tejano Wetlands for local students. Quality Education Formosa will continue the long-standing practice of supporting regional and state colleges and universities through grants and student scholarships. Most rural school districts in Texas struggle with recruiting both new and experienced teachers because housing is scarce and often expensive relative to earnings. Formosa will assist the local school system through the donation of housing to new teachers to improve recruiting. We will continue this program to ensure all children receive a quality education and look for new opportunities to help our schools and community. Good Health and Well-Being Formosa will strive to ensure that our health care and wellness programs for our employees are in the top tier for our industry. While offering a selection of various Heath Care Plan options to our employees, continuing to maintain one medical plan option with no contribution from employees is our goal, and places Formosa in the top 1% of companies for medical benefits. Responsible Consumption and Production Post consumer recycling is a critical step in the process to “close the loop” on plastic manufacturing. Formosa’s long-term goals include the development of PCR (post consumer recycling) branded resin grades and more advanced operating units that recover recycled plastic and convert the material back into virgin resin. We will also identify partners who can help achieve the goal of a circular economy through the responsible reuse and recycling of plastic resins. Support innovative technologies that can convert single use plastics into virgin resin or other products like diesel fuel. No Poverty Charity and the spirit of giving back to society is a fundamental value at Formosa. We will continue to reach out and support ever expanding network of programs and organizations that assist families through direct aid, job development, education, medical assistance and emotional support. Zero Hunger Millions of Americans deal with chronic hunger every day, volunteers and corporate donations are a critical component in getting safe, healthy meals to families and households facing hunger. Formosa will always engage with the local communities to fight hunger through donations, food collections and employee time. Sustainable Cities and Communities Support innovation in products that provide tangible and long term environmental, social and economic benefits to our communities. Study and engage in responsible scientific evaluation on the impacts of plastics in the environment. Decent Work and Economic Growth Formosa has a long history of economic growth in the communities where we work and we fully expect that trend to continue. ‘ Providing good-paying jobs, career advancement and generous benefits is part of our corporate culture. With our $5 billion dollar expansion in Point Comfort, Texas nearing completion, new projects are already in development. Learn about our commitment to people. Learn More