Formosa Chemical and Fibre Company

Taipai, Taiwan

16.5/35

Completion of CanopyStyle Third Party Verification Audits

Undertaking Annual Audits

Audits Public and Results Acted On

Audit risk results

n/a

Contribution to Conservation Legacies

A&E promotion

Public Collaborative Leadership

n/a

Influences Decision Makers

Legislated protection

n/a

Innovation via New Alternative Fibers

Partnerships

R&D Investments

Scaling to commercial products

n/a

Targets & timelines

n/a

Aggressively increasing commercial scale

n/a

Adoption of Robust Forest Sourcing Policy

Policy adoption

Policy meets all CanopyStyle criteria

Traceability & Transparency

COC & supplier list completed

Track & trace system in place

n/a

Public sharing of supplier list

Forest of origin is public and mapped

n/a

Leaders in Supply Chain Shifts & Sustainable Sourcing

Producer Is Proactive

FSC preference

Forest Mapper support

Associated with High Risk of Sourcing from Ancient & Endangered Forests and other Controversial Sources

Risk is known and no action is taken

n/a

Initial action taken to adress risk

n/a

Sourcing risk has been resolved

n/a

Total:

Buttons 16.5

Risk of sourcing from Ancient & Endangered forests

After engaging in dialogue with Canopy for the first time in 2018, Formosa adopted and made public, in June 2019, its Wood and Pulp Sourcing Policy. The company is currently undergoing its first CanopyStyle audit, which was nearly complete at the time of publication of this report.

Key Improvements Required

  • Following the first annual CanopyStyle Audit findings, the company will be expected to address any controversial sourcing issues that are identified and progress on remaining sustainability steps, such as supporting conservation solutions and driving new alternative fibres.
  • Use ForestMapper to ensure future expansion plans and ventures are not located in Ancient and Endangered Forests.
  • We recommend that the company move quickly to have 80-100% of new production capacity originate from Next Generation Solution feedstock and move assertively to substitute alternatives for any reliance on sourcing from Ancient and Endangered Forests by the end of 2020.
  • To prioritize the development of products that meet or surpass the current market expectation for viscose products containing at least 50% Next Generation raw material input.

Areas where the company is showing leadership

Formosa has demonstrated leadership in proactively outreaching with Canopy to join the Initiative, and attended the CanopyStyle summit in June 2019. The company is supporting conservation solutions, as well as the ForestMapper tool, and is also investing in research and development of Next Generation fibre solutions. Additionally, it has increased its use of FSC certified fibre.

Number of viscose, lyocell and dissolving pulp mills + location and production volumes

  • Formosa owns one facility in Taiwan.
  • They produce 70,000 tonnes of viscose fibre.