Reported 12 months ago
Taiwan Cement has aligned with the International Financial Reporting Standards (IFRS S1 S2) starting from July 1, 2024, and released its first sustainable and climate-related financial report. The report reveals that Taiwan Cement's revenue from low-carbon cement and concrete products, waste disposal services, energy storage and charging services, and renewable energy trading reached 45.8 billion NTD, accounting for 41.94% of last year's total revenue, resulting in a 30.8 billion NTD increase in sustainable and green financing cash flow. The report also highlights Taiwan Cement's commitment to achieving carbon reduction goals, with emissions intensity decreasing by 8.1% compared to the 2016 baseline year, and a pledge to reach net-zero by 2050 in alignment with the Paris Agreement. Taiwan Cement's sustainable report emphasizes a transition towards a low-carbon future, engaging in various initiatives to promote sustainable practices and carbon reduction knowledge.
Source: YAHOO