Grade summary

Nan Ya Plastics is down one point from last year’s ranking. Based on available data, the company produces one hazardous chemical. However, 89 percent of the company’s chemical production is unknown since it takes place outside of Europe and the US. Nan Ya Plastics monitors the environmental impact of its processes and products, which includes energy and resource conservation as well as pollution management and eco-friendly design. The company has sustainable products but does not actively advertise them on independent third-party platforms. In terms of circular economy, no corporate strategy or indicators can be found. In the Lack of Controversies category, Nan Ya Plastics gets a perfect score since the company has not been involved in any major controversies during the last ten years.

How did we come to this score?

Opportunities for improvement

1. Increase transparency
   Not much is known about Nan Ya Plastics’ production of hazardous chemicals. We have requested that the company disclose information about its chemicals management, but Nan Ya Plastics has not responded to that request. In order to be more transparent, Nan Ya Plastics should disclose the full list of hazardous chemicals that it produces, including the volume of each of these chemicals as well as its percentage of the total revenue. It would also be wise to specify which chemicals are intended for end products and for intermediate use. Generally speaking, information about chemicals sold in EU and US markets is available through public records, which is not the case in other parts of the world. For that reason, the company should make the details of its revenue generated outside of these regions public to ensure chemical transparency and allow for a comprehensive global evaluation.
2. Increase circularity
   The chemical industry finds itself at the beginning of the value chain. Therefore, it has a responsibility to act fast and ambitiously against the ever-growing scarcity of our planet’s resources. But Nan Ya Plastics only receives one point for circularity for using recycled hazard-free feedstock. For this reason, it is important that the company starts by identifying its current production and use of circular products and processes, and then specifies how many percent of its total revenue comes from circular products. The company should also develop and present a strategy, which includes an activity plan, with clear indicators for how to expand the area of circular products and processes.
3. Market safer alternatives
   We did identify safer alternatives in Nan Ya Plastics‘ product portfolio, but these are not marketed on any independent third-party platform. Therefore, they are hard to find for downstream users looking to substitute hazardous chemicals. A good place to advertise is ChemSec’s Marketplace, where buyers and suppliers can find and market safer alternatives.

Category breakdown