In 2023, TIPCO Asphalt conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards.The company provided a breakdown of its waste by type (hazardous vs non-hazardous) and treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.
| Metric (tonnes) | 2023 | 2022 |
|---|---|---|
Total Waste Generated | 172.54a | 268.05a |
Total Waste Recovered | N/A | N/A |
Total Hazardous Waste Generated | 101.71a | 174.01a |
Non-Hazardous Waste Disposed | N/A | N/A |
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In 2023, TIPCO Asphalt generated a total of 173 metric tonnes of waste.a
Of this amount, 58.95% of TIPCO Asphalt's total waste generated of was classified as hazardous waste, characterized by properties such as toxicity, flammability, corrosiveness, or reactivity that may pose risks to human health, ecosystems, or the environment.41.05% was identified as non-hazardous waste, generally considered less harmful and subject to lighter regulatory controls.a
Since 2023, TIPCO Asphalt's total waste generation has decreased by 35.63%, suggesting improvements in operational efficiency or the early results of waste minimization strategies.a
Since 2023, TIPCO Asphalt's hazardous waste generation has decreased by 9.19%, suggesting a recent shift toward safer materials, improved waste handling protocols, or stronger compliance with environmental standards.a
Overall, TIPCO Asphalt has reduced both its total waste and hazardous waste in the last year, suggesting effective waste management practices and improved material sourcing.a