- Sharp increase in interest rates in the United States, intensifying global inflation, and the closure of cities in Mainland China due to the epidemic led to decreased demand, sales volume, and market prices in the second half of 2022.
- High-priced inventory and the continuous appreciation of the U.S. dollar increased production costs.
- Fluctuations in the stainless steel market due to the Russia-Ukraine war and other factors.
- High risk of future economic downturn and potential economic recession.
- Implementation of Carbon Border Adjustment Mechanism (CBAM) by the European Union.
- Introduction of a carbon fee in Taiwan.
Tang Eng Iron Works Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, Tang Eng Iron Works Co., Ltd. disclosed greenhouse gas emissions of 109.5K tCO2e/year. By scope: Scope 1: 53.4K tCO2e/year; Scope 2: 98.3K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
109.5K tCO2e/year
2022
Water Usage
596.8K tons/year
2022
Waste
66.1K tons/year
2022
Energy Use
127.7M kWh/year
2022
📊 Emissions by Scope (2022)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 53.4K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 98.3K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2022 | 109.5K tCO2e/year |
| 2021 | 152.3K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced electricity consumption by about 16.781 million kilowatt-hours per year, with an electricity saving rate of 11.78% in 2022.
- Reduced total water consumption by 23.51% compared with 2019.
- Achieved a water recovery rate of 88.87% in 2022.
- Reduced greenhouse gas emissions by 656.7 metric tons of CO2e in 2022 through energy-saving projects.
- Recycled and reused 70% of raw materials in 2022.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce greenhouse gas emissions by 10% compared with the base year (2005) by 2025.
🔭 Long-term
- Achieve net zero emissions at all operating sites by 2050.
🌱 ESG Focus Areas
EnvironmentSocialGovernance