Message from the Chairman

The global turmoil in the past year has impacted energy supplies. The start of intense competition in AI technology and instabilities in the global trade situation have accelerated Europe and the United States' implementation of energy autonomy, and has also driven the restructuring of the global energy supply chain. Extreme climate has also brought the era of global boiling. Therefore, more aggressive climate actions have to be taken now. FPCC has made specific commitments regarding climate issues in recent years, and has gradually reduced GHG emissions according to the plans of the Sustainable  Development Committee. The follow-up data and goal achievement status show that substantial results have been achieved in the past three years. Moreover, 2024 was also a year where sustainable development faced multiple challenges. The international situation, environmental regulations, and social challenges all put pressure on the progress of sustainability implementation. With the increasingly stringent policies and regulations related to sustainable development in various countries, we have been actively aligning with and introducing various international standards, adopting more systematic and forward-looking strategies to tackle the challenges brought by global sustainable development.

Green Operations, Robust Governance

In recent years, the petrochemical industry has been facing competition from China and the United States with their large production capacities, as well as interference from uncertainty factors such as inflation and geopolitics; furthermore, sluggish market demand has also caused many companies to suffer losses, and FPCC has had to tackle the difficult challenge of balancing its environmental protection commitments with economic realities. In spite of these circumstances, we are still actively promoting energy transition to seek long-term development. As a leader in the refining and petrochemical industry, FPCC formulated three goals many years ago: "green factory", "green energy", and "green innovation". This year, FPCC worked with value chain partners to integrate the upstream, midstream, and downstream, and built Taiwan's own Sustainable Aviation Fuel (SAF) supply chain, thereby meeting the demand for sustainable aviation fuel for civil aircraft and cargo aircraft in Taiwan as well as driving the entire industrial chain toward a low-carbon and green operation model.

Furthermore, we have continuously improved our corporate governance. In 2024, a female independent director was elected to increase gender diversity on the Board of Directors and raise the proportion of independent directors. We truly understand that sound governance is also the key to sustainable development, therefore, we are actively strengthening various  governance indicators and working toward the goal of being in the top 5% in the Corporate Governance Evaluation.

Social Inclusion, People-centric

Talent is the leading indicator of sustainable management. FPCC is committed to being people-oriented, and regards industrial safety and employee care as our core values. Protecting workplace safety is our responsibility and represents our respect for life. We attach great importance to human rights, promote a culture of diversity, equality, and inclusion, and create a better future for employees through talent cultivation. To build a strong foundation of sustainability, FPCC has not only invested in various charitable activities over the years, but also spares no effort in the promotion of children and youth development, while paying attention to local education as well. Through various industry-academia collaborations, we have organized science education activities to cultivate the knowledge in the next generation. Furthermore, in order to nurture the artistic temperament of the next generation, we participated in the family programs held by the National Theatre and  Concert Hall for the first time in 2024. Through a series of family art and cultural activities, we hope to enrich life with  knowledge, nourish life with art, and create a better environment for the next generation.

The changing political situation around the world will also impact sustainable development in 2025. FPCC has long  embedded the concept of sustainability in the Company’s governance, environmental, and societal aspects. We are not only committed to the sustainability goals currently set, but also look forward to finding breakthroughs through new modes of thinking in order to strike a balance amidst economic challenges. In the future, we will continue our endeavors to achieve greater successes in sustainability, ensure the coexistence and prosperity of future generations, and move towards a better future together.