Annual Sustainability Report (Chinese edition)

Overview

The report highlights TECO's commitment to a 10-year 50% emission reduction goal by 2030 and achieving net zero by 2050. In 2022, the company achieved a 12% reduction in emissions compared to 2021 and reached a 10% renewable energy share in its global electricity consumption. Key product achievements include the development of IE5 ultra-high efficiency motors and the expansion of electric vehicle powertrain modules. TECO also implemented an internal carbon pricing system set at NTD 1,600 per ton to incentivize decarbonization across its business groups.

Document

Report type: Sustainability Report
Class: Dedicated
Scope: Full report
Fiscal year: 2022
Period: 1 January 2022 – 31 December 2022
Publication date: 14 June 2023
Language: Chinese
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Standards

GRI
SASB
TCFD
ISSB
ESRS
Integrated Reporting Framework
GHG Protocol
EU Taxonomy
CDP

Commitments

UN Global Compact
UN Guiding Principles
Science Based Targets initiative

Materiality

Assessment
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Assurance

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