GlobalData offers a comprehensive analysis of Taiwan Cement, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Taiwan Cement‘s ESG performance. GlobalData’s company profile on Taiwan Cement offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Taiwan Cement, a leading cement manufacturer, has set targets as part of its sustainability efforts for achieving net-zero by 2050. The company is committed to reducing its carbon emissions and achieving specific goals related to scope 1, scope 2, and scope 1+2 emissions. In 2022, Taiwan Cement reported greenhouse gas emissions measured in metric tons of CO2e across different scopes. For Scope 1, the emissions totaled 4,314,312 metric tons of CO2e, while Scope 2 emissions amounted to 218,480 metric tons of CO2e. The combined emissions for Scope 1+2 stood at 4,532,792 metric tons of CO2e while the carbon emission intensity of cement plants, considering Scope 1 and Scope 2 emissions, decreased by 5.40% compared to the base year of 2016. The total emissions from Ready-Mix Concrete (RMC) plants, encompassing both Scope 1 and Scope 2 emissions, also decreased by 13.70% relative to the base year of 2020.
By 2025, Taiwan Cement plans to reduce carbon emission intensity by 11% in Scope 1 and by 32% in Scope 2. Looking ahead to 2030, their objectives include establishing a Low-carbon Research and Development (R&D) Center and achieving net-zero emissions at their Headquarters and Offices through operational means. The carbon emissions and GHG emissions are measured in terms of gross emissions, net emissions, specific CO2 emissions (gross and net), and emission intensity per unit. The trend for emissions across all three scopes of emissions showed a decrease from FY2021 to FY2022, indicating the company's efforts to reduce its environmental impact.
TTCC Group aligns with SBTs and GCCA, launching a Net Zero by 2050 Roadmap focused on "Low-carbon Cement," "Resource Recycling," and "Green Energy." Leveraging seven strategies, including carbon reduction in materials and AI-based tracking, TCC aims to guide carbon reduction across its entities using innovative technologies. Taiwan Cement is actively reducing emissions through investments in renewable energy, low-carbon materials, and resource recycling, alongside sustainable governance initiatives. The company prioritizes biodiversity enhancement, societal inclusivity, and sets specific climate-related targets, tracking progress using measurable metrics.
In conclusion, Taiwan Cement is committed to achieving net-zero target by 2050 and reducing its carbon and GHG emissions. The company has implemented various measures and investments to reduce its environmental impact and promote sustainability. The excerpts provide data on the company's emissions trends and highlight its efforts to address climate-related risks and opportunities.
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