Tang Rong Iron Works Co., Ltd. Sustainability Profile
Tang Rong Iron Works Co., Ltd., commonly referred to as Tang Rong, is a prominent player in the iron and steel industry, headquartered in Taiwan (TW). Established in 1985, the company has built a strong reputation for its high-quality steel products and innovative manufacturing processes, serving both domestic and international markets. With a focus on structural steel, metal fabrication, and custom engineering solutions, Tang Rong distinguishes itself through its commitment to precision and durability. The company has achieved significant milestones, including ISO certification and partnerships with leading construction firms, solidifying its market position as a trusted supplier. Tang Rong's core offerings include a diverse range of steel products tailored to meet the specific needs of various industries, making it a preferred choice for construction and engineering projects. With a dedication to excellence and sustainability, Tang Rong Iron Works continues to lead the way in the ironworks sector.
DitchCarbon Score
How does Tang Rong Iron Works Co., Ltd.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Machinery and Equipment industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Tang Rong Iron Works Co., Ltd.'s score of 26 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Tang Rong Iron Works Co., Ltd.'s reported carbon emissions
In 2023, Tang Rong Iron Works Co., Ltd. reported total carbon emissions of approximately 57,231,000 kg CO2e. This figure includes Scope 1 emissions of about 8,808,000 kg CO2e, Scope 2 emissions of approximately 48,423,000 kg CO2e, and Scope 3 emissions totalling around 33,464,000 kg CO2e. Notably, the Scope 3 emissions breakdown includes business travel (372,000 kg CO2e), employee commuting (23,361,000 kg CO2e), and fuel and energy-related activities (9,409,000 kg CO2e). The company has set significant climate commitments, aiming to reduce its Scope 1 emissions by 10% from a 2005 baseline by 2025. Furthermore, Tang Rong has committed to achieving net-zero emissions across all operating sites by 2050, as part of its long-term sustainability strategy. This commitment aligns with the new version of the Science Based Targets initiative (SBTi) letter signed by Fubon Financial Holdings, which oversees Tang Rong's climate strategy. Overall, Tang Rong Iron Works Co., Ltd. is actively working towards substantial emissions reductions while adhering to industry standards for climate accountability.
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| 2023 | |
|---|---|
| Scope 1 | 8,808,000 |
| Scope 2 | 48,423,000 |
| Scope 3 | 33,464,000 |
How Carbon Intensive is Tang Rong Iron Works Co., Ltd.'s Industry?
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Tang Rong Iron Works Co., Ltd.'s Scope 3 Categories Breakdown
A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 37% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 70% of Scope 3 emissions.
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Tang Rong Iron Works Co., Ltd.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Tang Rong Iron Works Co., Ltd. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
