Climate Action

TAYA Group places great importance on climate change mitigation and adaptation. From organizational operations and the value chain to the broader social level, we are committed to reducing our own emissions while accelerating climate action across society.

Climate Action

In 2023, the Company developed its Climate Action Guideline based on the 1.5°C Business Playbook, which was approved by the Sustainability Committee in May. Following four strategic pillars―reducing our own carbon emissions, reducing value chain carbon emissions, integrating climate issues into business strategy, and influencing climate action in society―we promote climate governance and carbon reduction initiatives to advance climate change mitigation and adaptation.

2050 Net-Zero Roadmap

In alignment with the IPCC 1.5°C scenario, which aims to limit the global average temperature increase to within 1.5°C by the end of this century, the Company has set a 2050 Net-Zero target. Using 2021 as the base year, the Company commits to achieving net-zero greenhouse gas (GHG) emissions for Scope 1 and Scope 2 by 2050.

Greenhouse Gas Emissions

Since 2021, the TA YA Group has conducted annual ISO 14064- 1 organizational greenhouse gas (GHG) inventories and completed verification and reporting in accordance with the timelines stipulated by regulatory authorities.

Climate Governance

TAYA Group’s climate governance is supervised by the Sustainability Development Committee, which regularly reviews the implementation of climate actions (including the Group’s carbon reduction progress and climate-related risk management). The committee convenor (an independent director) serves as the highest-level supervisor of climate action. The committee member, the General Manager of the General Management Office, reports the progress of climate actions to the Board of Directors annually.
The Corporate Planning Office formulates relevant policies, indicators, and targets in accordance with regulatory requirements and customers’ carbon reduction goals, and is responsible for promoting the implementation of climate actions. The General Affairs Department and procurement units of subsidiaries promote supplier decarbonization and carbon disclosure in accordance with supplier carbon management targets. (Action Guideline No. 2)

 

Implementation of Climate Governance

In 2024, the Sustainability Development Committee reviewed updates on climate-related risks. At meetings held on May 8 and November 5, the committee reviewed the impact of Taiwan’s carbon fee collection on the Group’s value chain, as well as the operational impact of climate disasters such as typhoons. The committee also supervised the implementation of the carbon reduction roadmap. The achievement of the 2024 carbon reduction targets will be reviewed by the committee in 2025.
In 2022, the Group adopted the Task Force on Climate-Related Financial Disclosures (TCFD) framework to conduct climate governance and risk management based on the four pillars: governance, strategy, risk management, metrics, and targets. As of 2024, TAYA has not yet fully incorporated climate risks into its risk management framework. The Company plans to include climate-related financial impacts as a review topic for the Audit and Risk Management Committee starting in 2025, and will gradually integrate climate-related risks into the enterprise risk management framework.
 

TAYA Awarded the 1.5°C Badge

On June 4, 2024, CommonWealth Magazine released the latest Corporate Decarbonization Temperature Survey results. TAYA Group’s carbon reduction pathway was assessed at a warming level of 1.457°C, which meets the Paris Agreement target of limiting global warming to no more than 1.5°C by the end of this century. As a result, TAYA was awarded the 1.5°C Badge.