TCC ESG Q&A

• Date passed: January 10th, 2025

• TCC Group Holdings has committed SBT 1.5°C target 
  Base year: 2016. A target was set for the year 2030 (compared to the base year of 2016) to reduce

TCC's net-zero path is planned in accordance with the SBTi 1.5°C target, the ISO IWA 42 net-zero guidelines, and relevant IEA reports, encompassing all domestic and overseas operations. 

The overall strategy is centered on six carbon reduction tools: clinker and raw material substitution, fuel substitution, process and equipment upgrades, renewable energy, waste heat power generation, and carbon capture and use (CCUS), supplemented by carbon sinks as an offset mechanism for remaining emissions.


As of 2024, our carbon emissions have decreased by 32% compared to the 2016 base year, exceeding our interim target by 108%, with a cumulative reduction of 17.1 million metric tons of CO₂e. This reduction is primarily driven by raw material and clinker substitution (56%), fuel substitution and process optimization (39%), and renewable energy and energy-saving solutions (5%).

Furthermore, TCC has initiated a forest and soil inventory to develop a medium- and long-term carbon sequestration strategy, laying the groundwork for scientific and institutionalized preparations for achieving net-zero by 2050.

Currently, the Taiwan Cement Corporation (TCC), through its subsidiary CIMPOR Portugal, is promoting CCUS technology at its Alhandra and Souselas plants. The company is also collaborating with the European Cement Research Institute (ECRA) and the German Cement Industry Association (VDZ) to participate in the EU's CCUS Strategy Plan (2019–2022), accumulating early technical validation and application experience.

Given the high degree of uncertainty surrounding storage technology and policies in Taiwan, we are temporarily suspending local deployment and focusing on carbon reduction technologies such as oxyfuel combustion in the short and medium term. We will also continue to monitor the progress of storage technology and regulatory developments.

The cement industry is a high-carbon emitter. Faced with trends like carbon pricing, carbon taxes, and the international Carbon Border Adjustment Mechanism (CBAM), the industry faces the risk of increased costs and market marginalization if it fails to actively transform.

Since 2018, Taiwan Cement has initiated its green transformation. By building a four-pronged operational structure encompassing ""low-carbon building materials + resource recycling + green energy, and low-carbon cement and new energy businesses in Europe and Africa,"" this comprehensive approach, from manufacturing to energy use, aims to mitigate operational carbon risks and create the next wave of growth momentum.

TCC prioritizes energy transition and net-zero path planning, and has identified self-generation and consumption of renewable energy as a core initiative. Currently, TCC Green Energy is promoting diverse renewable energy projects, including wind, solar photovoltaic, and geothermal. By 2024, the Group (including its operations in Turkey and Portugal) had generated and consumed over 35.24 million kWh of renewable energy, a figure that continues to grow.

We aim to achieve 100% self-generated renewable electricity by 2025 and a total installed capacity of 750 MW by 2030. We will utilize energy storage, smart grids, and a green power transmission platform to achieve stable energy supply and energy flexibility. Going forward, we will continue to strengthen the integration of alternative fuels, energy storage, and low-carbon technologies, moving towards a cleaner, safer, and more sustainable energy system.

Hoping Power Plant has clearly mapped out its transformation path. In accordance with the Taipower contract and IEA recommendations, the coal-fired units will operate until their design lifespan expires in 2040. Simultaneously, a unit retrofit project will begin in 2024, with completion expected in 2027. This will reduce annual carbon emissions by over 720,000 metric tons and reduce coal use by 9%.

Furthermore, TCC has initiated research on biomass co-firing and gasification technology, which is expected to further reduce coal consumption by 10%, with a feasibility assessment to be completed in 2025. Future research will also explore alternative technologies, including ocean thermal power generation, to ensure the parallel implementation of energy transition and power supply responsibility.

In our journey toward net-zero transformation, TCC prioritizes the impact and responses of various stakeholders and has incorporated the principle of "just transition" into our internal planning. We consider the local characteristics of each region and business unit, implementing specific actions in phases, including employee empowerment, supply chain adjustments, community engagement, and social support.

For example, while Hoping Power is conducting an energy transition assessment, it is also simultaneously initiating a communication mechanism and impact assessment with local residents and employees.

TCC updated its green financing framework in 2025 and obtained a Second Party Opinion (SPO) from ISS-Corporate. The framework aligns with the Green Finance Principles of the ICMA and LMA. In June of the same year, TCC completed a €500 million, five-year green loan, which is expected to reduce annual interest expenses by over €5 million.

This not only supports current financing but also leaves room for future use in instruments such as green bonds and perpetual-linked financing, enhancing financial flexibility and transparency of transition funding.

For TCC, nature is the foundation of corporate sustainability. As an industry heavily reliant on natural resources, we prioritize biodiversity as a core issue. From coral restoration and mining area ecological management to plant conservation and the reuse of Leucaena leucaena, TCC is implementing concrete actions to achieve harmony with nature.

This is not only a responsibility, but also a key component of our risk management and global competitiveness.