In 2024, Taiwan High Speed Rail completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Taiwan High Speed Rail has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 8,637.63a | 8,373.35a | 6,310.52a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 313,256.1a | 318,094.69a | 309,005.65a | |
Total Scope 3 | 115,661.69a | 125,532.67a | 102,184.21a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 5.3204a | 5.1568a | 5.2222a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Taiwan High Speed Rail amounted to 321,893.73 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Taiwan High Speed Rail decreased by 1.4%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Taiwan High Speed Rail were 8,637.63 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Taiwan High Speed Rail's Scope 1 emissions have increased by 1,614.12%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Taiwan High Speed Rail's Scope 1 emissions increased by 3.16%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Taiwan High Speed Rail reported Scope 2 greenhouse gas (GHG) emissions of 313,256.1 tCO₂e without specifying the calculation method.a
Since 2021, Taiwan High Speed Rail's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 621.83%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Taiwan High Speed Rail's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Taiwan High Speed Rail's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Taiwan High Speed Rail reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Taiwan High Speed Rail reported 115,661.69 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Taiwan High Speed Rail includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, up from 1 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Taiwan High Speed Rail reported total Scope 3 emissions of 115,661.69 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 92.39% of these emissions originated from upstream activities such as purchased goods and capital goods, while 7.61% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2021, Taiwan High Speed Rail's Scope 3 emissions have increased by 1,204.64%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Taiwan High Speed Rail's Scope 3 emissions remained relatively stable, indicating that Taiwan High Speed Rail's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Taiwan High Speed Rail reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Taiwan High Speed Rail's Scope 3 emissions were:a
In 2024, Taiwan High Speed Rail reported Scope 1 greenhouse gas (GHG) emissions of 8,637.63 tCO₂e and total revenues of USD 1,623 millions. This translates into an emissions intensity of 5.32 tCO₂e per millions USD.a
In 2024, Taiwan High Speed Rail reported a Scope 1 emissions intensity of 5.32 tCO₂e per millions USD. Compared to the peer group median of 29.06, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Taiwan High Speed Rail ranked 2 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Taiwan High Speed Rail among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Taiwan High Speed Rail reported a total carbon footprint of 437,555.42 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.2% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Taiwan High Speed Rail's total carbon footprint was Scope 2 emissions, accounting for 71.59% of the company's total carbon footprint, followed by Scope 3 emissions at 26.43%.a