#ESG Practices #TECO Electric #Sustainability Yearbook

TECO Electric Machinery Celebrates Fifth Year in S&P Sustainability Yearbook

In a landmark event that took place in Taipei on May 22, 2025, TECO Electric Machinery Co., Ltd. was once again recognized in the prestigious S&P Global Sustainability Yearbook for the fifth consecutive year. This year, TECO has achieved an extraordinary feat by ranking among the top 1% of sustainable companies worldwide, a significant acknowledgment of its enduring commitment to Environmental, Social, and Governance (ESG) practices. Only 11 companies from Taiwan received this honor, illustrating TECO's position as a leader in sustainability.

TECO's Commitment to Sustainability

Mr. Morris Li, the Chairman of TECO, emphasized that sustainability remains integral to the company's strategy. With a steadfast focus on green innovation, TECO's placement in international sustainability rankings reflects its leadership in ESG endeavors. He noted, "Our journey toward sustainability is ongoing, and we are dedicated to electrification, intelligence, and green energy, working collaboratively with global partners to establish a resilient and sustainable industrial ecosystem."

This year marks a historical milestone as the S&P Global awards ceremony was held in Taiwan for the first time, signifying a significant recognition for local enterprises on the global stage. The award was presented by Robert Dornau, Head of Corporate Engagement at S&P Global Sustainable1, highlighting the outstanding contributions that the recognized companies have made to sustainability initiatives.

Achievements in Sustainability

TECO's consistent recognition in the Sustainability Yearbook is based on its impressive ESG scores, which are determined through the Corporate Sustainability Assessment (CSA). This assessment evaluates various aspects of a company’s operations, including environmental impact, social responsibility, and corporate governance practices. Besides the Yearbook recognition, TECO has also been featured in the Dow Jones Emerging Markets Best-in-Class Index for five years consecutively, reflecting its dominance in ESG performance among electromechanical companies across emerging markets.

TECO has integrated sustainability into its core operational framework, expanding its initiatives from Taiwan to its global business operations. The company has ambitiously committed to achieving net-zero emissions by 2050, showcasing a long-term dedication to combating climate change. Recent strides include significant reductions in factory emissions, alongside substantial investments in renewable energy infrastructure. In 2024 alone, TECO successfully installed 5.3 MW of new solar power facilities across the United States and China, adding to a total of 15.046 MW worldwide. The company is well on its path to increasing its renewable energy generation capacity to 30% of its total electricity consumption by 2030.

In a groundbreaking approach to internal sustainability, TECO has established an internal carbon pricing mechanism set at NT$1,600 (around USD 53) per ton of CO₂. This initiative fosters low-carbon innovations and R&D, with revenue from low-carbon products constituting an impressive 73.8% of TECO's total product revenue.

Community Engagement and Social Responsibility

Beyond its environmental initiatives, TECO is equally committed to social responsibility. The company strongly advocates a philosophy of shared value with stakeholders through the TECO Technology Foundation, which actively promotes education, talent development, and social welfare programs. Their annual 'Net Zero Tech International Contest' has attracted nearly 1,000 participants globally, amplifying TECO's international influence in sustainable practices.

As noted by SP Global, companies within the electrical components and equipment industry are pivotal in providing innovative solutions that enhance manufacturing and processing efficiency. Their role is crucial in the global shift towards clean energy and modernizing energy infrastructures. In alignment with this paradigm, TECO has adopted a