TCP Group Sustainability Profile
TCP Group, officially known as TCP Group Public Company Limited, is a leading player in the consumer goods industry, headquartered in Thailand. Established in 1993, the company has made significant strides in the production and distribution of high-quality personal care and household products, with a strong presence across Southeast Asia. Renowned for its innovative approach, TCP Group offers a diverse range of beverages, including energy drinks and functional beverages, that cater to the evolving tastes of consumers. The company’s flagship product, M-150, has become a household name, setting benchmarks for quality and performance in the market. With a commitment to sustainability and community engagement, TCP Group has solidified its position as a market leader, consistently achieving impressive growth and expanding its operational footprint. The company’s dedication to excellence and innovation continues to drive its success in the competitive landscape of consumer goods.
DitchCarbon Score
How does TCP Group'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 Beverage Manufacturing 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
TCP Group'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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TCP Group's reported carbon emissions
In 2024, TCP Group, headquartered in Thailand, reported total carbon emissions of approximately 45,712,000 kg CO2e, comprising 13,498,000 kg CO2e from Scope 1 and 25,939,000 kg CO2e from Scope 2. This marks a significant reduction from 2023, where total emissions were about 53,023,000 kg CO2e, with Scope 1 emissions at 21,190,000 kg CO2e and Scope 2 at 28,989,000 kg CO2e. The company has set ambitious climate commitments, aiming for a 38% reduction in greenhouse gas emissions across Scopes 1 and 2 by 2030, using 2021 as the baseline year. This target aligns with science-based targets (SBTi) and reflects TCP Group's commitment to sustainable practices. Notably, they achieved a reduction of 3,357.21 tonnes CO2e, or about 4.9%, in emissions from their operations in Thailand between 2020 and 2022. TCP Group has not disclosed Scope 3 emissions data for 2024, but in 2023, Scope 3 emissions were reported at approximately 345,075,000 kg CO2e, indicating a substantial area for potential improvement. The company continues to focus on reducing its carbon footprint and enhancing its sustainability initiatives.
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| 2020 | 2021 | |
|---|---|---|
| Scope 1 | 13,088,200 | 00,000,000 |
| Scope 2 | 31,484,800 | 00,000,000 |
| Scope 3 | - | 000,000,000 |
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TCP Group'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.
TCP Group 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.
