Teco Electric And Machinery Co

Teco Electric And Machinery Co's reported carbon emissions

TECO Electric and Machinery Co., Ltd., headquartered in TW and operating in the electrical machinery and apparatus sector, has reported significant carbon emissions and established climate commitments. For the reporting year 2024, TECO's total emissions were approximately 27.2 billion kg CO2e, primarily driven by Scope 3 emissions. Specifically, Scope 3 emissions amounted to about 27.17 billion kg CO2e, with the use of sold products representing the largest portion at approximately 26.8 billion kg CO2e. Scope 2 emissions were approximately 38.28 million kg CO2e, and Scope 1 emissions were about 13.73 million kg CO2e. In 2023, TECO's Scope 1 and 2 emissions combined were approximately 62.34 million kg CO2e, with Scope 1 at about 14.91 million kg CO2e and Scope 2 at approximately 47.42 million kg CO2e. Scope 3 data for 2023 was not disclosed. Looking back, in 2022, Scope 1 and 2 emissions totalled approximately 76.54 million kg CO2e. In 2021, combined Scope 1 and 2 emissions were around 90.12 million kg CO2e. For 2020, Scope 1 and 2 emissions were approximately 73.59 million kg CO2e. TECO Electric and Machinery Co., Ltd. has a long-term climate commitment to achieve net zero emissions across the entire group by 2050. This ambition is supported by a near-term goal to reduce energy consumption and emissions by 20% by 2025, using 2015 as the baseline year. This reduction target applies to both Scope 1 and Scope 2 emissions. Their 2024 sustainability report indicates an aim to achieve net zero for Scope 1 and Scope 2 emissions by 2050.