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 net zero 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.
Taiwan Cement has committed to achieving net-zero emissions. The company rolled out its Roadmap to Net Zero by 2050 with “Low-carbon Cement,” “Resource Recycling,” and “Green Energy.” Taiwan Cement has implemented a range of measures to reduce emissions, including adopting alternative raw materials and fuels, upgrading carbon capture technologies, and improving energy efficiency through equipment and process enhancements. The company has also deployed new energy sources, explored natural and clean renewable energy sources, and invested in the development of energy storage. Taiwan Cement’s latest filings mentioned the keywords ‘Carbon’ and ‘Emissions’ most number of times in relation to ‘Net Zero’.
Taiwan Cement has referred to the TCFD guidelines and industry-specific recommendations to assess the financial impact of climate change, quantify the results as a concrete consideration for mid- and long-term strategic planning, and develop a sustainability blueprint for its three core businesses: low-carbon cement, resource recycling, and green energy. In FY2022, the company’s Scope 1 emissions amounted to 25,032,432 mtCO2e, and Scope 2 emissions amounted to 1,071,541 mtCO2e. The company has also implemented a carbon emissions reduction platform to review and track the achievement of carbon emissions reduction and adjust and optimize the carbon reduction emissions program to realize its carbon-neutral vision.
Taiwan Cement's commitment to reducing greenhouse gas emissions is demonstrated through its dynamic and diverse carbon reduction strategies. The company encourages its employees to work together to implement the group's carbon emissions reduction targets through monthly tracking of alternative fuels usage and carbon emissions intensity for each plant. TCC enhances the responsibility and motivation of all employees to implement carbon emissions reduction actions and deepen the promotion of low-carbon transformation through quarterly bonuses and annual performance bonuses tied to the results of carbon emissions reduction promotion.
Upholding the goal of “zero waste, zero pollution, and zero emission,” TCC introduced international standards, including ISO 14001 Environmental Management, ISO 50001 Energy Management, ISO 14064 GHG Emissions Inventory, ISO 14067 Product Carbon Footprint, ISO 14046 Water Footprint Verification, ISO 46001 Water Efficiency Management System, and BS 8001 Circular Economy. In addition, TCC requires its suppliers, contractors, subcontractors, and joint ventures to implement sustainable management in the processes of production, manufacturing, transportation and services.
In conclusion, Taiwan Cement has committed to achieving net-zero emissions by 2050 and has adopted strategies such as carbon reduction for basic building materials, new energy charging/storage optimization, and carbon negative technologies, together with an AI-powered carbon management platform for tracking, to offer optimal carbon reduction recommendations for all business entities.