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2024/12

Taiwan CTCI Group, a Guardian of Sustainable Earth, Joins COP29

TAIPEI, December 24, 2024- In support for tackling climate change challenges, CTCI Group, Taiwan’s leading engineering, procurement, and construction services provider and among the world’s top 100, joined the 29th conference of the parties to the UN Framework Convention on Climate Change (COP29) this year, which took place in Baku, Azerbaijan, with CTCI Education Foundation. Led by the Chief Sustainability Officer Joanne Ho, this is the second year of the joint attendance in the event, following COP28. 

COP29 centered on new collective quantified goal, loss and damage fund mechanisms, blended finance, further actions related to Global Stocktake, global energy transition path and opportunities, review of subsidy policy on fossil fuel, and the passage of Article 6.4 of the Paris Agreement that facilitates a sound global carbon market development. 

CTCI supports the cause of COP29 and tackles climate change with actions aligned to its engineering expertise. This year, CTCI became the EPC contractor for Taiwan’s first carbon capture and storage (CCS) facilities, a project aligned to CTCI’s commitment to greenhouse gas emissions reduction. CTCI is also building a seawater desalination plant in Hsinchu, Taiwan— the first public seawater desalination project in massive scale— offering an alternative water source which helps ease water stress, a local yet globally prevalent issue.

Through Supplier Alliance for Net Zero Emissions, CTCI actively brings its suppliers onboard to initiate corporate transitions to net zero emissions, which has won the support of 242 suppliers. CTCI is also the first engineering services company in Taiwan whose greenhouse gas emissions reduction targets have been approved by the Science Based Targets initiative (SBTi). By choosing to carry out environmentally-friendly Green Engineering projects, CTCI helps set the wheels in motion for the net zero transition of the industry value chain, so that the Paris Agreement target of 1.5°C temperature rise could be kept in check. 

Thanks to its achievements in sustainability, CTCI Corp. has been named as a top 1% performer in S&P’s Sustainability Yearbook 2024, as well as the leader in the construction and engineering category. For 10 consecutive years it has been selected as Dow Jones Sustainability Emerging Markets Index constituent. As for CTCI Foundation, it became the 11th NGO in Taiwan admitted to the UNFCCC process, a status conferred in recognition for its long-time effort in promoting sustainability and environmental education.

Looking forward, CTCI will continue to spare no effort in making contributions to global sustainability, based on its “Most Reliable” spirit.

CTCI Chief Sustainability Officer Joanne Ho (right), pictured here with CTCI Education Foundation Chairman Eugene Chien (third from right) and Tze-Luen Lin (second from right), Deputy Executive Director at the Office of Energy and Carbon Reduction at the Executive Yuan, Taiwan, at a COP29 event.