Science Based Target for Carbon Reduction

Asia Cement started to drive science-based target for carbon reduction since 2020. In March of 2021, the Company passed a strict international verification in accordance with Science-Based Targets initiative (SBTi) and became the fourth cement company globally in completing the setting of carbon reduction target and responding to the control of global climate temperature below 2℃ (well-below). The ways of reaching the target of carbon reduction include aggressively promoting circular economy, reducing the use of natural minerals and fuel, adjusting the ratio of mixing limestone and reducing the use of clinkers which causes high carbon emission.

CDP carbon disclosure project

Asia Cement continued to respond to CDP (Carbon Disclosure Project) questionnaires and was rated A- for 2022 Climate Change (Leadership). For the 2022 Water Security program, Asia Cement was rated B(Management), with the Supplier Engagement Rating (SER) being B-(Management).

Task Force on Climate-Related Financial Disclosures

For the purpose of transparently disclosing the information of risks and opportunities relating to climate, Asia Cement set up the climate change management and information disclosure based on the management framework recommended by the initiative of The Task Force on Climate-Related Financial Disclosures (TCFD). Asia Cement disclosed the critical items considered by a specific industry including climate change strategy, indicators, and targets, based on the Guide for Building Material Sector issued by TCFD for specific industries.

Internal Carbon Pricing

To achieve the ultimate goal of net-zero emissions, Asia Cement has set a phase-change internal carbon pricing of NT$216 from 2021 to 2025.

UN’s goals of sustainable development SDGs

Global Cement and Concrete Association

As a member of Global Cement and Concrete Association (GCCA), a global initiative organization, along with all member companies, Asia Cement committed itself to “2050 Climate Vision” in September, 2020, and expected to reach the target of GHG net-zero emission from cement and concrete. Currently, Asia Cement has joined Asia Region Task Force of 2050 Climate Vision to discuss with global major cement companies about the future carbon reduction path.

Taiwan Alliance for Net Zero Emission

Asia Cement jointly established Taiwan Alliance for Net Zero Emission. It also joined Net Zero X 2030/2050 initiative and committed to the short, mid, and long term goals, plus the ultimate goal of net zero carbon emission by 2050.The Company is moving forward together with all businesses and industries on the road of carbon reduction with the biggest determination to strengthen sustainable development, to complete the big challenge of net zero emission.