Taipei, April 10, 2025 — CDP (Carbon Disclosure Project), the internationally recognized authority on environmental disclosure, held its 2025 Taiwan Score Report Launch in Taipei yesterday (April 10). TECO Electric & Machinery Co., Ltd. received the highest
distinction of an “A” rating in CDP’s Climate Change assessment for the first time, placing the company among the top 4% of nearly 20,000 evaluated companies worldwide. This achievement marks another important milestone in TECO’s sustainability journey.
TECO Chairman Morris Li said the recognition is a strong endorsement of the company’s long-term efforts in low-carbon transformation and sustainability governance. Amid the global transition toward net zero, TECO will continue to focus on electrification,
intelligence, and green energy, while working closely with global partners to build a sustainable and mutually beneficial industrial ecosystem.
The award was presented by Sherman Lin, Chairman of the Taiwan Stock Exchange, and Dennis Wan, APAC Market Lead at CDP, and was accepted on TECO’s behalf by Ang-Ting Shih, Director of the ESG Promotion Office. TECO stated that the Group has set clear targets
of achieving net-zero emissions by 2050 and reducing operational emissions at key sites by 50% by 2030. As of 2025, the company has already achieved an emissions reduction of more than 40%. In recent years, TECO has continued to strengthen its carbon management
strategy and disclosure quality, while integrating low-carbon and circularity thinking into both operations and core business development. The company has also expanded the installation of solar power facilities at its own sites, with total global installed
capacity exceeding 17 MW in 2025. Looking ahead, TECO aims to increase renewable energy use to 30% of the Group’s total electricity consumption by 2030, further extending carbon reduction synergies through collaboration with customers and supply chain partners
and steadily advancing its net-zero transition.
According to the latest CDP assessment, TECO performed particularly well in the areas of environmental externality pricing, verification, and public policy engagement and industry collaboration. These results demonstrate the company’s continued efforts not
only to strengthen internal management and institutional effectiveness, but also to establish more robust verification mechanisms and stronger external collaboration capabilities in response to the challenges and opportunities arising from global climate risks,
policy changes, and supply chain decarbonization trends.
In addition to receiving CDP’s highest “A” rating, TECO has continued to deliver strong results in major international sustainability assessments in recent years, including being selected as a constituent of the Dow Jones Sustainability Indices for six consecutive
years, ranking first among electromechanical companies in emerging markets in ESG evaluation, and being included in the latest edition of the S&P Global Sustainability Yearbook Top 10%. These recognitions underscore the company’s solid strength in sustainability
governance and long-term value creation.
As TECO celebrates its 70th anniversary this year, the company views sustainability as a key foundation for its next stage of growth. In addition to implementing a climate transition plan aligned with the 1.5°C net-zero target, TECO continues to support low-carbon
facilities and innovative R&D through its internal carbon pricing mechanism of NT$1,600 per metric ton and its carbon fund system, with pilot projects expected to deliver nearly 1,000 metric tons of carbon reduction annually. The company is also enhancing
its management mechanisms for environmental dependencies, impacts, risks, and opportunities, deepening engagement and collaboration with value chain partners, and linking senior executive compensation to climate targets. Through these efforts, TECO is embedding
sustainability into both governance and business operations, with the aim of creating not only economic value but also positive environmental impact, while capturing green business opportunities related to climate action, water resources, and biodiversity
conservation. Looking ahead, TECO will continue to advance its low-carbon strategy, seize opportunities arising from the green transition, and create long-term positive value for both the environment and industry.
