- Companies
- /CTCI Corporation
CTCI Corporation
- Sector: Built Environment
- Headquarters: Taiwan - China
Review summary
CTCI Corporation submitted its 2023 Climate & Nature-Related Financial Disclosures Report to It’s Now for Nature and met all the review criteria.
- CTCI’s materiality assessment addresses nature-related dependencies, impacts, risks and opportunities across its operations and value chain using the TNFD’s LEAP approach.
- Impacts: Direct and indirect energy use, GHG emissions, wastewater, soil pollution, waste
- Dependencies: (non-exhaustive) Climate regulation, air quality, energy supply, flood mitigation, water supply, water purification.
- Focusing on its own operations, risks and opportunities were identified for all areas of impact and dependencies. Estimation of the exposure level and potential for adaptation through actions allowed CTCI to prioritize the most relevant actions to take.
- CTCI has targets applicable to all its sites and supply chain across water, waste, climate, and biodiversity.
- Water consumption: Reduce water consumption to maintain at a 2018 baseline level (19,145 m³ at headquarters; 465,979 m³ at construction sites).
- Waste: Reduce annual waste generation to maintain at a 2018 baseline level (54,943 kg at headquarters; 2,960,372 kg at construction sites; total 3,015,315 kg).
Climate:
- Reduce absolute scope 1 and scope 2 GHG emissions by 45% from a 2022 base year by 2030
- 71% of its suppliers, covering purchased goods and services by emissions, will have science-based targets by 2028.
Biodiversity:
- By 2030, biodiversity at operational sites will achieve No Net Loss and comply with Zero Deforestation standards.
- By 2050, operational sites will achieve Net Positive Impact, while the value chain will achieve No Net Loss and comply with Zero Deforestation standards.
- CTCI Group Biodiversity Strategy Roadmap includes actions for 2030, 2040, and 2050 to achieve their No Net Less and a Net Positive Impact targets.
- Additionally, prior to project implementation, CTCI identifies potential impacts and improvement measures across the mitigation hierarchy for terrestrial and marine ecology.
- For example, machinery and transport were optimized during the construction of a power plant project to reduce noise, vibration and human interferences with nature. Herbicides usage is prohibited, and vegetation is encouraged through seeding as soon as the construction ends.
- The Board of Directors is the top-level decision-making unit of CTCI’s climate and natural sustainability governance, which is directly supervised by the board.
- The board has established the “ESG and Net Zero Committee”, responsible for overseeing the strategy and implementation of corporate social responsibility and sustainable operation, including climate and environmental sustainability governance operations. The committee also identifies and manages climate change and natural risks, while being responsible for planning relevant responses.