Teco Electric And Machinery Co Sustainability Profile
Teco Electric and Machinery Co., Ltd., commonly referred to as Teco, is a leading player in the electrical and machinery industry, headquartered in Taiwan (TW). Founded in 1956, Teco has established a strong presence in various operational regions, including Asia, Europe, and North America. The company is renowned for its diverse range of products and services, including electric motors, power systems, and automation solutions, which are distinguished by their innovative technology and reliability. With a commitment to quality and sustainability, Teco has achieved significant milestones, positioning itself as a trusted brand in the global market. The company’s dedication to research and development has led to numerous accolades, solidifying its reputation as a pioneer in energy-efficient solutions. Teco continues to drive advancements in the industry, making it a formidable competitor in the electrical and machinery sector.
DitchCarbon Score
How does Teco Electric And Machinery Co'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 Electrical Machinery 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
Teco Electric And Machinery Co's score of 67 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Teco Electric And Machinery Co's reported carbon emissions
In 2024, Teco Electric and Machinery Co., headquartered in Taiwan (TW), reported total carbon emissions of approximately 73,752,000 kg CO2e. This figure includes 13,728,000 kg CO2e from Scope 1 emissions, 38,279,000 kg CO2e from Scope 2 emissions, and a significant 18,756,913,220 kg CO2e from Scope 3 emissions. The Scope 3 emissions encompass various categories, with the use of sold products contributing a substantial 26,808,760,000 kg CO2e. In 2023, Teco's total emissions were slightly lower at about 73,685,000 kg CO2e, with Scope 1 emissions at 14,914,000 kg CO2e and Scope 2 emissions at 47,424,000 kg CO2e. The Scope 3 emissions for that year were reported at 14,533,307,000 kg CO2e. Teco has set ambitious climate commitments, aiming for net zero emissions by 2050 across all scopes. This long-term target was established in 2023 and reflects the company's commitment to sustainability. Additionally, Teco has pledged to reduce its emissions by 20% by 2025, using 2015 as the baseline year, specifically targeting Scope 1 and Scope 2 emissions. The company has demonstrated a proactive approach to climate action, with a clear focus on energy conservation and emission reductions, aligning with industry standards for corporate climate responsibility.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 20,400,540 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 33,229,980 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Teco Electric And Machinery Co's Industry?
How Carbon Intensive is Teco Electric And Machinery Co's Location?
Teco Electric And Machinery Co's Scope 3 Categories Breakdown
Teco Electric And Machinery Co's Scope 3 emissions, which increased by 29% last year and increased by approximately 29% since 2023, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 143% of Scope 3 emissions.
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Teco Electric And Machinery Co'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.
Teco Electric And Machinery Co 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.
