Precision Focus, In-Depth Communication—TCC Earns Acclaim from Global Credit Ratings and ESG Ratings

KIKI Lee｜Researcher, Office of Responsibility and Sustainability

A New Milestone for TCC and Taiwan's Construction Materials Industry

In 2024, TCC Group Holdings achieved a groundbreaking feat by being selected for both the Dow Jones Sustainability World Index (DJSI World) and the Emerging Markets Index (DJSI Emerging Markets). This marks the first time a Taiwanese construction materials company has earned this distinction, as well as the first instance of a cement company from Greater China and Northeast Asia joining the prestigious DJSI ranks. Beyond this achievement, TCC has consistently elevated its performance in international ESG evaluations.

Notably, in the CDP assessment—recognized by global investors as the gold standard for practicality and by corporations for quality and utility—TCC earned dual Leadership-level (A-) ratings for its climate change and water questionnaires. In the MSCI ESG Ratings, which influence major global indices, TCC has maintained an A rating for three consecutive years since 2022. Additionally, TCC received a C+ PRIME rating from ISS ESG, a rating highly regarded by foreign investors.

Furthermore, TCC has also been granted credit ratings of 'BBB-' with a 'Stable' outlook by Fitch Ratings, 'BBB-' with a 'Stable' outlook by S&P Global Ratings, and 'twA+' with a 'Stable' outlook by Taiwan Ratings. These ratings demonstrate that TCC's sustainable practices and international expansion have successfully enhanced its financial stability.

A Dual Breakthrough: The First Year of Internationalization and Information Transparency

For TCC, 2024 is its “First Year of Internationalization” and a year of transformative breakthroughs. As TCC's global visibility grows, domestic and overseas stakeholders are paying closer attention. Effectively disclosing information and fostering communication to ensure stakeholders understand the company comprehensively has become a critical priority. To address this, TCC has proactively responded to stakeholder needs by publishing eight thematic reports covering diverse ESG topics—such as nature conservation and biodiversity, risks and opportunities arising from climate change, and human rights and labor protections. These reports highlight TCC's expertise and tangible achievements in sustainability while serving as a vital channel for stakeholders to deepen their understanding of the company's strategies and actions. Furthermore, TCC's official website now features an “ESG Section,” presenting key ESG management policies and performance metrics through concise visuals and text, offering stakeholders an efficient, one-stop resource to access and comprehend critical information.

In September 2024, TCC broke from tradition by hosting its inaugural “Sustainability Report and Highlights Briefing.” This dedicated event allowed TCC to present its 2023–2024 sustainability achievements to representatives from banks and financial institutions. The TCC team distilled complex sustainability data from various reports into eight key highlights, delivered through professional presentations and data visualizations. Conducted in a face-to-face format, the briefing provided detailed insights into TCC's sustainability strategies and roadmap while addressing investor concerns such as ESG risk management, the net-zero pathways, and low-carbon products and services. This initiative significantly enhanced the transparency and accessibility of TCC's sustainability information, strengthening trust and collaboration with financial partners.

To further bolster transparency, TCC continues to improve the quality and depth of its disclosures. In addition to adhering to the latest GRI Standards, TCC aligns with international frameworks such as the Task Force on Climate-related Financial Disclosures (TCFD) and the Sustainability Accounting Standards Board (SASB), ensuring comprehensive and comparable reporting. TCC also actively responds to the information needs of global sustainability rating agencies like DJSI and CDP, demonstrating its commitment across environmental (E), social (S), and governance (G) dimensions.

Deepening Stakeholder Engagement and Carbon Competitiveness

Stakeholder engagement is a cornerstone of sustainable corporate development. Through effective communication and interaction, TCC gains insights into the expectations and needs of diverse groups, enabling the identification of risks and opportunities. Proactive engagement also informs robust operational strategies, fostering long-term resilience and competitive advantage.

Looking ahead, TCC is committed to deepening its sustainability efforts and responding to the expectations of global stakeholders by enhancing communication and collaboration. The company will continue to align with international standards, such as the Corporate Sustainability Reporting Directive (CSRD), and participate in global ESG assessments to ensure transparency and comprehensive disclosure, amplifying its impact. TCC is dedicated to innovation and technological advancement, driving green energy and circular economy to reduce its carbon footprint and enhance resource efficiency. Through sustained, actionable commitments, TCC believes it can make even greater contributions to sustainable development in Taiwan and beyond.

Sustainability is a verb of present progressive tense, meaning a continuous action.

- Chairman Nelson Chang -

AUTHOR

KIKI Lee｜Researcher, Office of Responsibility and Sustainability

A passionate lover of babies, believing they deserve all the beautiful things in the world—especially a healthy planet.