- Reduced market demand leading to a decline in revenue and profit.
- Rapid changes in supply and demand in the commodity market impacting sales prices and volumes.
- Appreciation of the US dollar increasing raw material procurement costs.
- Drastic changes in raw material prices impacting procurement costs.
- Climate change related risks (carbon tax, renewable energy requirements, extreme weather events).
TTET Union Corporation
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, TTET Union Corporation disclosed greenhouse gas emissions of 109.4K tCO2e/year. By scope: Scope 1: 12.1K tCO2e/year; Scope 2: 97.3K 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
109.4K tCO2e/year
2023
Renewable Energy
18.89% of total energy use
of total energy
Water Usage
285.26 million liters/year
2023
Waste
2.3K tons/year
2023
Energy Use
1.0M GJ/year
2023
📊 Emissions by Scope (2023)
| 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). | 12.1K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 97.3K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced total energy consumption by approximately 5.09% compared to 2022.
- Achieved total annual electricity savings of approximately 551.69 kWh, equivalent to a reduction of about 272,535 kgCO2e in greenhouse gas emissions.
- Reduced water withdrawal by 19.28% and water discharge by 4.86% compared to 2022.
- Recycled and reused white carbon sludge, waste plastic, and waste wood; sludge was biologically processed; waste lubricating oil and waste rubber mixture were physically treated; general waste, waste plastic mixtures and other uncategorized general industrial waste were incinerated.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Continue to expand the sales of existing niche products.
- Strengthen the quality control of raw materials and finished products.
- Improve the performance of raw materials and foreign exchange procurement.
- Enhance customer engagement.
- Leverage incentive policies to gradually replace old, high-energy-consuming equipment and promote automated operations.
📅 Medium-term
- Develop new products and new distribution channels.
- Strengthen the export business of soybean oil.
- Strengthen overseas training for personnel.
- Evaluate wastewater recycling and reuse.
🔭 Long-term
- Conduct investment evaluations for oil plants in major economic growth regions in Asia.
- Establish carbon footprint verification and provide low-carbon product services.
🌱 ESG Focus Areas
Corporate GovernanceEconomic PerformanceEnvironmental ProtectionSocial WelfareFood SafetyOccupational Health and SafetyHuman RightsClimate Change