Faced with global warming and energy sustainability concerns, Taiwan Mobile Co., Ltd. (TWM) has voluntarily set carbon reduction targets using the highest science-based standards in the world. In this June, TWM has passed the review from Science Based Targets Initiative (SBTi), which is said to be the most rigorous in the world. TWM is the first non-electrical manufacturer in Taiwan, and the second telecommunications service provider throughout Asia to pass this international verification. This demonstrates TWM's resolve to actively conserve energy and reduce carbon emissions, as well as to lower environmental impacts in order to fulfill the goal of keeping global warming within 2?.
SBTi is co-founded by organizations including the Carbon Disclosure Project (CDP), United Nations Global Compact, and the World Resources Institute (WRI). Its "Science-based Targets" are founded on the basis of controlling cumulative carbon emissions to keep global warming within 2?. The reasonable emissions (carbon reductions) for specific industries and enterprises are calculated based on the circumstances of total global carbon budgets via scientific and weighted calculations. Data on SBTi's website indicates that as of the end of June this year, 586 companies worldwide have submitted carbon reduction targets to SBTi, but only 39% of which have passed the related reviews. In particular, only 11 telecommunications service providers have passed the evaluation, indicating that carbon management is an enormous challenge for industries worldwide, and especially for the telecom industry.
TWM Chairman Daniel Tsai has stated that TWM's efforts to terminate 2G and 3G services have already led to a substantial performance in terms of energy conservation and carbon reductions in Taiwan. With the immediate release of 5G operation permits, TWM will strive to promote the infrastructure for the 5G network, policy for "shared frequency, shared network, and shared construction" under the Telecommunications Management Act. The Company hopes that trials of shared networks for 3G and 4G throughout Taiwan will help to effectively control waste of resource and power consumption, reduce carbon emissions throughout Taiwan, and to lead the industry in collectively saving energy and reducing carbon emissions for Taiwan and for the planet. To this end, TWM has pioneered the industry in proposing Zetta Connected 2030 at the end of 2017. Besides actively responding to international initiatives including the Sustainable Development Goals (SDGs), SBT, and Task Force on Climate-related Financial Disclosures (TCFD), the Company has also established SBT carbon reduction roadmap, and the goals of reducing Scope 1 and 2 carbon emissions by 30% by 2030 compared to the baselines in 2016. The Company further aims to reduce Scope 3 emissions by 15% in 2030 compared to the baselines in 2018 and looks to contribute toward the environment through scientific means.
Significant energy-saving and carbon reduction performance has been achieved in 2018 under the collective efforts from all TWM staff. Not only has the Company conserved over 16.44 million kWh of power throughout the year, but the Company has also achieved stellar results in terms of acquiring the renewable energy certification, employed self-generated renewable energy, and established green buildings. The positive recognition from SBTi review in June has made TWM the only telecommunications and service company to have passed such review throughout Taiwan. This feat reinforces TWM's determination to carry out energy conservation and carbon reduction actions, as well as sets a benchmark in environmental sustainability in the Taiwanese telecommunications industry.