Carbon Emissions (SBT)

Net Zero by 2050

In 2024, TCC Group Holdings adhered to the 1.5°C pathway in accordance with the COP26 Climate Summit resolutions, set science-based targets (SBT) for 2030, and committed to achieving net zero by 2050.

That is the path we must succeed for the 30 years to come, the path of the carbon revolution!

ChairmanNelson An-ping Chang

The First Cement Company in East Asia to Commit to Net Zero by 2050 and Pass Its 1.5°C SBT Validation

TCC Group Holdings set its SBT in 2020 as East Asia's first SBTi-validated cement company. In January 2025, the Cement and Environmental Protection Business (Taiwan and Mainland China sites) passed the 1.5°C validation and committed to net zero by 2050. European subsidiaries CIMPOR and OYAK Cement also completed their near-term and long-term 1.5°C targets and net-zero setting. In March 2026, TCC Group Holdings submitted group-wide, consolidated net-zero targets for SBTi validation, while the Charging and Storage Business (Europe) completed its near-term 1.5°C target setting.

	NEAR TERM	LONG TERM	NET-ZERO
Taiwan and Mainland China	1.5°C	-	COMMITTED
CIMPOR	1.5°C	1.5°C	1.5°C
OYAK Cement	1.5°C	1.5°C	1.5°C
Charging and Storage Business (Europe)	1.5°C	-	-

SBT 1.5°C 2030 Near-Term Target (Cement and Environmental Protection — Asia)

Scope 1 and Scope 2 emission intensity and Scope 3 emissions for the Cement and Environmental Protection Business (Asia). The 2030 near-term targets have passed SBTi validation.

Scope	Unit	Base Year	2024	2025	2030 Near-Term Target
Scope 1²	kg CO₂e/t Cementitious Materials	2016: 724	642	637	-23.9%
Scope 2²	kg CO₂e/t Cementitious Materials	2016: 30	25	26	-64.4%
Scope 3³	tCO₂e	NA	NA	2,457,018	NA

SBT 1.5°C 2030 Near-Term Target (Cement and Environmental Protection — Europe-Africa)

CIMPOR

Scope	Unit	Base Year	2024	2025	2030 Near-Term Target
Scope 1	kg CO₂e/t Cementitious Materials	2022: 659	659	632	-19.5%
Scope 2	kg CO₂e/t Cementitious Materials	2022: 28	24	15	-55.7%
Scope 3⁴	tCO₂e	NA	482,490	1,068,531	NA

OYAK Cement

Scope	Unit	Base Year	2024	2025	2030 Near-Term Target
Scope 1	kg CO₂e/t Cementitious Materials	2021: 740	672	640	-20.5%
Scope 2	kg CO₂e/t Cementitious Materials	2021: 49	42	41	-56.3%
Scope 3⁴	tCO₂e	2021: 3,059,619	1,802,816	1,884,152	NA

SBT 1.5°C 2030 Near-Term Target (Charging and Storage Business-Europe )

NHOA Energy

Scope	Unit	Base Year	2025	2030 Near-Term Target
Scope 1 + 2	tCO₂e	2024: 253	122	Absolute emissions reduced by 42%
Scope 3⁵	tCO₂e / per battery cell installed	2024: 0.05	0.10	C11 Use of Sold Products \| carbon emission intensity reduced by 51.6% per battery cell installed
Scope 3	–	84%	87%	C1 Purchased Goods and Services \| 86% of suppliers by emissions to set SBT by 2029

Atlante (Under the SME pathway)

Scope	Unit	Base Year	2025	2030 Near-Term Target
Scope 1+2	tCO₂e	2024: 159	120	Absolute emissions reduced by 42%

2050 Net-Zero Commitment

Date submitted: July 2, 2024
Commitment validated: TCC Group Holdings received official notification from SBTi on July 24, 2024
Net-zero target setting proceeds in two stages. In Stage 1, TCC Group Holdings completed the Scope 3 inventory across 15 categories for Taiwan and Mainland China, recording 2025 Scope 3 emissions of 2,457,018 tCO₂e for those sites. In Stage 2, TCC Group Holdings submitted its group-wide, consolidated net-zero targets for official SBTi validation in March 2026
The 2050 net-zero target is a 90% reduction across total Scope 1, 2, and 3 emissions

Note

Targets are set via SBTi methodology as gross GHG emissions per ton of cementitious product. Scope 2 uses market-based method.
Scope 1 & 2 targets for Cement and Environmental Protection (Asia) cover Taiwan and Mainland China plants, excluding Longshan and Liaoning plants, RMC plants, and grinding stations due to operational factors.
2025 Scope 3 emission boundary for Cement and Environmental Protection (Asia) covers Taiwan and Mainland China cement plants (including Longshan and Liaoning plants), RMC plants, and grinding stations; submitted for SBTi validation in March 2026.
CIMPOR's SBT target boundary covers cement plants and grinding plants in Portugal. Its 2024 Scope 3 inventory covered Portugal cement plants, expanding in 2025 to RMC, aggregate, dry mortar, and paper bag plants. OYAK Cement's Scope 3 emissions increased as its Denizli limestone plant (commissioned in 2024) reached full operation in 2025.
Scope 2 emissions are calculated using the market-based method.
Driven by global energy storage expansion and evolving project configurations, Scope 3 Category 11 emissions increased in 2025. Associated emissions are primarily dictated by the technology of procured battery cells; anticipated improvements in supplier cell efficiency in the coming years will support progress toward the 2030 decarbonization target.

TCC SBT Target Setting History

Timeline of TCC Group Holdings' SBT target setting, with the vertical axis descending from 2°C to 1.5°C and extending to NET ZERO. The six milestones are: 2019, first cement company in the Greater China region to commit; 2020, set carbon reduction targets based on SBTi science-based targets; 2024, update targets with a 1.5°C pathway; 2025, official SBTi validation of the 1.5°C targets; 2030, achieve 1.5°C carbon emission intensity target; and 2050, achieve Net Zero carbon emission intensity target. The 2019 milestone corresponds to the First Stage Target of 2°C, 2030 to the Near-Term Targets, and 2050 to the Net Zero Target.

Milestones in SBT Target Setting

In December 2019, TCC Group Holdings submitted its commitment as the first cement company in the Greater China region to commit to carbon reduction under the SBT method, and set its First Stage Target on the SBT well-below 2°C pathway.
In July 2020, SBTi validation was passed and carbon reduction targets were set based on SBTi science-based targets, with 2016 as the base year and 2025 as the target year, aiming to reduce Scope 1 carbon emission intensity by 11% and Scope 2 carbon emission intensity by 32% against the 2016 base year.
In July 2024, TCC Group Holdings updated its targets with a 1.5°C pathway.
In January 2025, official SBTi validation of the 1.5°C targets was obtained.
The Near-Term Targets of TCC Group Holdings are to achieve the 1.5°C carbon emission intensity target by 2030.
The Net Zero Target of TCC Group Holdings is to achieve the Net Zero carbon emission intensity target by 2050.

TCC Group Holdings SBT Target and Emission Intensity

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030
SBT Well-below 2°C	0.755	0.745	0.736	0.727	0.718	0.709	0.700	0.692	0.683	Aligning with the SBT 1.5°C target
SBT 1.5°C	-									0.645	-				0.552
TCC Performance	0.755	0.736	0.738	0.740	0.733	0.724	0.709	0.686	0.668	0.663	-	-	-	-	-

Note

Base year (2016) emissions were 35,991,990 metric tons CO₂e.

TCC 10 Decarbonization & Green Transition Strategies

Alternative Raw Materials

Alternative Fuels

Icon representing the alternative clinker strategy

Alternative Clinker¹

Icon representing the equipment and process enhancements strategy

Equipment & Process Enhancements

Icon representing the waste heat recovery power generation strategy

Power Generation by Waste Heat Recovery

Renewable Energy

Energy Storage

Power Cells

Carbon Capture

Carbon Sink

Note

Alternative clinker refers to new materials.
TCC Group Holdings will evaluate the progress of its strategies and technological developments both domestically and internationally to neutralize residual emissions and to further mitigate emissions beyond its value chain using carbon credits. These credits may be purchased from external or internationally verified sources, or generated from captured carbon in alignment with government policies for carbon credits.

Carbon Emissions (SBT)