In 2024, Tung Ho Steel Enterprise 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).
Tung Ho Steel Enterprise has also provided a category-level breakdown for 3 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 | 211,948a | 222,242a | 188,593a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 547,191a | 601,851a | 621,505a | |
Total Scope 3 | 1,604,093a | 2,345,918b | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 115.4094a | 111.8355a | 97.865a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Tung Ho Steel Enterprise amounted to 759,139 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 Tung Ho Steel Enterprise decreased by 7.88%, 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 Tung Ho Steel Enterprise were 211,948 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Tung Ho Steel Enterprise's Scope 1 emissions have increased by 16.56%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Tung Ho Steel Enterprise's Scope 1 emissions decreased by 4.63%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Tung Ho Steel Enterprise reported Scope 2 greenhouse gas (GHG) emissions of 547,191 tCO₂e without specifying the calculation method.a
Since 2019, Tung Ho Steel Enterprise's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 10.92%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Tung Ho Steel Enterprise's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Tung Ho Steel Enterprise's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Tung Ho Steel Enterprise reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Tung Ho Steel Enterprise reported 1,604,093 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 Tung Ho Steel Enterprise includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, up from 2 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Tung Ho Steel Enterprise reported total Scope 3 emissions of 1,604,093 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 88.91% of these emissions originated from upstream activities such as purchased goods and capital goods, while 11.09% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Tung Ho Steel Enterprise's Scope 3 emissions decreased by 31.62%, highlighting the company's efforts to lower indirect emissions from its value chain.ab
In 2024, Tung Ho Steel Enterprise reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to Tung Ho Steel Enterprise's Scope 3 emissions were:a
In 2024, Tung Ho Steel Enterprise reported Scope 1 greenhouse gas (GHG) emissions of 211,948 tCO₂e and total revenues of USD 1,836 millions. This translates into an emissions intensity of 115.41 tCO₂e per millions USD.a
In 2024, Tung Ho Steel Enterprise reported a Scope 1 emissions intensity of 115.41 tCO₂e per millions USD. Compared to the peer group median of 114.35, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Tung Ho Steel Enterprise ranked 14 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Tung Ho Steel Enterprise is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Tung Ho Steel Enterprise reported a total carbon footprint of 2,363,232 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 25.45% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Tung Ho Steel Enterprise's total carbon footprint was Scope 3 emissions, accounting for 67.88% of the company's total carbon footprint, followed by Scope 2 emissions at 23.15%.a