TYCOONS GROUP ENTERPRISE CO., LTD. Sustainability Profile
TYCOONS GROUP ENTERPRISE CO., LTD., commonly referred to as TYCOONS, is a leading manufacturer based in Taiwan (TW), with a strong presence in the global steel and metal industry. Founded in 1975, the company has established itself as a key player in the production of high-quality steel products, including pipes, tubes, and various metal components, catering to diverse sectors such as construction, automotive, and energy. With its headquarters in Taiwan, TYCOONS operates extensively across Asia and beyond, leveraging advanced technology and innovative practices to deliver exceptional products. The company is renowned for its commitment to quality and sustainability, achieving notable certifications that underscore its market position. TYCOONS continues to thrive, driven by a dedication to excellence and a focus on meeting the evolving needs of its customers.
DitchCarbon Score
How does TYCOONS GROUP ENTERPRISE 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 Iron and Steel Production 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
TYCOONS GROUP ENTERPRISE CO., LTD.'s score of 4 is lower than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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TYCOONS GROUP ENTERPRISE CO., LTD.'s reported carbon emissions
In 2022, Tycoons Group Enterprise Co., Ltd. reported significant carbon emissions from its operations in Thailand, totalling approximately 68285000 kg CO2e for Scope 1, 25532000 kg CO2e for Scope 2, and a substantial 524465000 kg CO2e for Scope 3 emissions. This data highlights the company's overall carbon footprint, with Scope 3 emissions representing the largest share, indicating a need for comprehensive strategies to address indirect emissions throughout its value chain. For 2023, the company disclosed an emission factor of about 167.1 kg CO2e per tonne of product sold, although specific total emissions figures for that year were not provided. The revenue for 2023 was reported at approximately USD 274825150, reflecting the company's ongoing operations. Despite the detailed emissions reporting for 2022, Tycoons Group has not set any specific reduction targets or initiatives, nor have they committed to any climate pledges or SBTi targets. This absence of formal commitments suggests that while the company is aware of its emissions profile, it may need to enhance its climate strategy to align with industry standards and expectations. Overall, Tycoons Group's emissions data underscores the importance of developing robust climate commitments and reduction strategies to mitigate its environmental impact, particularly in light of the significant Scope 3 emissions that dominate its carbon footprint.
How Carbon Intensive is TYCOONS GROUP ENTERPRISE CO., LTD.'s Industry?
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TYCOONS GROUP ENTERPRISE 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.
TYCOONS GROUP ENTERPRISE 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.
