50% Emission Reduction in 2030

Energy Conservation 節能, Emissions Reduction 減排, Intelligence 智能, and Automation 自動

Emission Reduction by 50% in 10 Years

Under the pledge of "10-year 50% emission reduction," TECO has aimed to halve emission by 2030, according to which it will kick off global production base emission reduction plan this year, including inauguration of expanding PV power devices at its factory premises worldwide, so as to enhance the group's share of renewable-energy consumption, on top of establishment of sustainable supply chain, via assistance for smart and medium enterprises to conduct greenhouse-gas inventory and emission reduction. TECO launches internal carbon price system this year, in the hope of spurring employees to actively carry out carbon abatement plan and imprint net zero emission concept in their minds deeply. In social engagement, to have the concept of energy conservation and emission reduction to take root in our society, TECO holds " Green Brain Creative Competition " for high and elementary school students, in the hope of implanting earth sustainability idea among them. TECO has also organized International Competition for Net Zero Emission Technology" for college students, encouraging engagement in R&D on emission reduction technology and passing on the mission of net zero emission sustainability. Moreover, TECO holds "TECO Award" for outstanding Taiwan figures in science/technology and humanity, for their contribution to build a progressive society with equal emphasis on both fields.

Sustainability Awards

TECO has been recognized by international sustainability evaluation institutions in three consecutive years and included in DJSI Emerging Markets Index and S&P Global Sustainability Yearbook, thanks to its outstanding performance in innovative management, talent cultivation, and supply chain management, the only enterprise included in the Electrical Components & Equipment category of DJSI Emerging Markets Index. TECO will continue to uphold the concept of sustainable operations and implement corporate governance standards to create a sustainable working environment for employees, provide services in line with ESG value to customers, and bring the best interests to shareholders.

Operational Performance and Management Scope

TECO is headquartered in Taiwan and is a publicly listed company. Its main products include mechanical and electrical products, home appliances, and engineering services.

This report covers three core business groups: Green Mechatronic Solution Business Group (GM), Air & Intelligent Life Business Group (AI), and Intelligence Energy Business Group (IE). Core business represents 84.6% of consolidated revenue. Non-core business includes logistics, software, communications, human resources, real estate development and property management and other businesses.

Number of full-time employees in 2023: 5,238

Number of contract and part-time employees: 658

Direct Economic Value Generated and Distributed   in TWD k

Report Assurance

• Internal Assurance: Relevant issues and performance are reviewed and verified in strategy meetings, monthly business meetings of TECO and business divisions, and quarterly KPI review meetings. The data provided are subject to review and approval by department executives. In addition, internal annual audits (coupled with external verification) of the quality management system (ISO 9001), occupational health and safety management system (ISO 45001), environmental management system (ISO 14001), and GHG emissions (ISO 14064-1) are conducted every year to further guarantee the accuracy of provided data. There is no Restatements of information in this report.
• External Assurance: TECO commissions BSI to verify the report which was compiled in accordance with the GRI Standards with AA1000 Type 1 Moderate Assurance standards. The assurance statement is attached to this report.

Contact window: ESG Office csr@teco.com.tw