Sustainable Engineering

Strengthen Climate Resilience

Climate-Related Financial Disclosures

CTCI introduces the TCFD framework to evaluate physical and transitional risks from climate change, measure and calculate the climate change impacts 
faced by itself, suppliers, and value chain partners, and promote climate-related financial disclosure and communication among stakeholders. 

In order to become a role model in the industry, CTCI officially signed up as a TCFD Supporter in October 2022 in the hope that more enterprises will understand the TCFD framework, examine and respond to the potential climate risks and opportunities to reduce risks and seize development opportunities. "CTCI TCFD Report" will be released in 2023 and published on the company's sustainability website.

Identify major climate risks and opportunities

CTCI designs a survey based on the types of TCFD physical risks (short-term, long-term) and transitional risks (policy and legal, technology, market, and reputation), evaluates the business and operation impact from the perspective of the value chain (organization, suppliers, and clients), and establishes a climate risk opportunity matrix to identify major climate risks and opportunity projects in the near term (10 years), medium term (20 years), and long term (30 years).

Greenhouse Gas Management

In 2022, the scope 1 and scope 2 emissions of the CTCI headquarters building are 34 and 2,458 ton-CO2e, respectively, while scope 1 and scope 2 emissions of all CTCI construction sites worldwide are 5,467 and 3,028 ton-CO2e,respectively. Furthermore, we have been requested by international investors to fill out CDP (Carbon Disclosure Project) questionnaire and received B (management) score for carbon disclosure and A- (leadership) score for supply chain engagement in 2022. Each year, we continue to check if there are rooms for improvement in terms of climate change management by filling out such questionnaire, examining the change in questions, as well as benchmark learning. Moreover, our responses to climate change risks and opportunities extend beyond ourselves by working with our upartners upstream and downstream. We encourage them to work with us in terms of identification, analysis, calculation, and reduction of the greenhouse effect and emissions reduction, so we can disclose our indirect carbon emissions.

To show further commitment to carbon emissions reduction, staring from 2023, CTCI has set its carbon reduction targets based on SBTi's 1.5°C scenario, with 2022 as the baseline year. Our short-term goal is to achieve an absolute reduction of 21% in greenhouse gases (Scope 1 and Scope 2) by 2025. The mid-term goal is to achieve an absolute reduction of 45% in greenhouse gases (Scope 1 and Scope 2) by 2030. The long-term goal is to achieve net zero by 2050. We will also build our mitigation pathway to achieve net zero by 2050.

A. Short-Term Carbon Emissions Reduction Strategy (2023-2030): Research and develop green technologies, digitalization, CCUS technologies, as well as increase the utilization of renewable energy.

B. Long-Term Carbon Emissions Reduction Strategy (2030-2050): Adopt energy storage technologies, utilize decarbonized energy sources, and apply CCUS technologies. Once various reduction efforts (including negative emissions technology CCUS) have been implemented, if there are still carbon emissions that cannot be reduced due to current technological limitations (the goal is to be less than 10% of total emissions), moderate carbon offset purchases will be carried out to help us achieve the net-zero target.

Since 2022, CTCI carried out an inventory on its Scope 3 greenhouse gas emissions. Scope 3 emissions reduction is done with 2022 as the baseline year. The near-term supply chain engagement target will be set based on the SBTi's "well below 2°C" scenario and achieved within five years from 2023. The participating suppliers will cut their carbon emissions at least by 2.5% per year. In the long-term, the goal is to lead our suppliers towards net zero. If there are residual carbon emissions that cannot be eliminated by new technologies and new machines (the goal is to be less than 10%), we will encourage the suppliers to purchase carbon credits as offset and reach the net zero goal by 2050.

Moreover, CTCI has established the "Supplier Net Zero Alliance" to nurture the greenhouse gas management capabilities of suppliers that have participated in the Net Zero Alliance. In the future, we will encourage our suppliers to reduce their greenhouse gas emissions in stages and establish a reward system to achieve the goal of the setting near-term supply chain engagement within 5 years. It is expected that by 2030, the Scope 3 carbon emission intensity 
of CTCI per million in revenue will not exceed the base year (2022). For the long term goal, CTCI will purchase low-carbon products, make the Supplier Net Zero Alliance more influential, and encourage our suppliers to calculate their product carbon footprints, reduce carbon emissions by 4.5% by year, and lead our suppliers towards net zero in 2050, the long-term target. For residual carbon emissions that cannot be eliminated by new technologies and new equipment (the goal is to be less than 10%), promotes carbon negative technologies to achieve the net zero goal.

Circular Economy

CTCI Group actively uses its core engineering capabilities to pave the way towards a circular economy model in engineering for its peers. There are three main aspects, which are resource cycling supply, resource recovery, and product and asset life extension. These also match three other aspects, namely strategy formulation, management and execution, and business development. In terms of resource cycling supply, CTCI proactively provides renewable, recyclable, and biodegradable resources, and changes product design thinking appropriately. In terms of resource recovery, when carrying out EPC maintenance work, CTCI would make every possible effort to convert waste materials into resources instead of downgrading them for recycling. In terms of extending the life of products and assets, CTCI tries to maintain their economic value through professional repairing, upgrading and remanufacturing. In addition, thanks to the fact that circular economy and waste reuse concepts have been gradually adopted by the industry, the total power generation capacity of the EfW plants in Taiwan, operated by our subsidiary ECOVE, has reached approximately 1,223 GWh a year.