As of 2025, TIPCO Asphalt has disclosed 5 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 4 absolute reduction targets and 1 intensity-based target, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into TIPCO Asphalt's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target* | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -31%a | 2025 |
Absolute-based Target* | Scope 1 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -32%a | 2025 |
Absolute-based Target* | Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -27%a | 2025 |
Absolute-based Target* | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -36%a | 2030 |
Intensity-based Target* | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Unspecified Product Produced/Manufactured | -41%a, b | 2025 |
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As of 2025, TIPCO Asphalt has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions.ab
As of 2025, TIPCO Asphalt has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.ab
TIPCO Asphalt's most ambitious operational target is to reduce these emissions by 41% by 2025, compared to a baseline of 0.032 Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Unspecified Product Produced/Manufactured in 2020.ab
TIPCO Asphalt has already surpassed its operational emissions reduction target, with 2025 levels falling below the 2025 value, achieving its climate goal ahead of schedule.ab