TAIPEI, Feb. 17,
2025 /PRNewswire/ -- CTCI Group announced today that
two group companies, CTCI Corporation and ECOVE Environment
Corporation, have been selected for inclusion in S&P Global's
Sustainability Yearbook 2025. CTCI Corp. was named as the top 1%
corporate sustainability performer in the construction and
engineering category, with the best Corporate Sustainability
Assessment (CSA) score, for three years in a row. ECOVE Environment
Corp., meanwhile, has been included as the yearbook member and
named as the industry mover in the commercial services and supplies
category for its strongest improvement. Both companies' stellar
achievements underscore CTCI Group's unwavering commitment to
sustainability and its own vision to become a "Guardian of
Sustainable Earth."
S&P Global's Sustainability Yearbook is one of the world's
most renowned assessments of corporate ESG (environmental, social,
and governance) performance. Yearbook members and distinction
levels are selected based on the companies' 2024 CSA scores. This
year, over 7,690 companies across 62 industries assessed for the
2024 CSA were considered for inclusion in the Sustainability
Yearbook. CTCI Corp. and ECOVE Environment Corp. were among the 780
companies that made it into the Sustainability Yearbook.
CSA is the same basis on which the Dow Jones Sustainability
Indices (DJSI) family select their lists of constituents. CTCI
Corp. is proud to be selected for inclusion for ten consecutive
years in the Dow Jones Sustainability Emerging Markets Index as
announced last December.
"No factory, facility, or building in this world could become
what they are without having been designed and constructed by
engineering firms," remarked CTCI Group Chairman John Yu. "Across continents, the people at CTCI
have a common vision to safeguard the Earth's sustainability, and
with that vision they take a sustainability-oriented approach to
implementing each project. Assuming responsibilities as a corporate
citizen, CTCI joins hands with its global partners to make an
impact in engineering. By closely aligning corporate operations and
its own growth to its sustainability targets, CTCI has not only
performed outstandingly in environmental, social, and governance
aspects, but also in financial terms. It's a win-win for corporate
profits and environmental protection."
Corporate governance-wise, CTCI Group recorded in 2024 an
unprecedented NT$119.7 billion in
consolidated revenue, NT$125.6
billion in new contracts—exceeding the NT$100 billion mark for the fifth consecutive
year—and NT$333.4 billion in backlog,
continuing to be at a high level. Among them, the
low-carbon/environmental protection business accounted for as high
as 60%. Carbon capture and storage (CCS), which is attracting
investments globally, is one example. CTCI has secured the surface
facilities EPC contract for the first carbon storage site in
Taiwan and an EPC contract for a
world-leading chip manufacturer's pilot carbon capture plant. This
not only makes CTCI the first engineering firm in Taiwan with experience and track record in
both upstream and downstream CCS projects, but also allows CTCI to
make substantial contribution to reaching net zero emissions.
Environment-wise, by advocating "Green Engineering", CTCI
ensures that the entire project lifecycle, from engineering,
construction, to operation, can effectively save energy and reduce
carbon emissions. CTCI actively collaborates with its partners and
suppliers to create a green supply chain and aid the green
transformation of the entire industry. For example, CTCI set a
precedent in Taiwan's engineering
service industry in 2024 by aligning its near-term and long-term
carbon reduction targets and pathways to the Science Based Targets
initiative and passed official review. CTCI has set its target to
reduce 45% in Scope 1 and Scope 2 carbon emissions by 2030.
Additionally, CTCI's Supplier Alliance for Net Zero Emissions
has launched various guidance and incentive measures to encourage
Scope 3 supply chain firms—a source of CTCI's carbon emissions that
is harder to tackle—to formulate their carbon reduction targets by
2028. In terms of biodiversity, CTCI carries out biodiversity
hotspot analysis and remains committed to zero deforestation
wherever it implements a project, ensuring conservation of vital
species. In alignment with global trends, CTCI has signed the
Business for Nature Call to Action, become one of the Early
Adopters of the Taskforce on Nature-related Financial Disclosures,
and set climate and nature-related targets for risk management and
action. With concrete actions in multiple aspects, CTCI
demonstrates its determination to protect biodiversity.
With regard to the social aspect, CTCI is committed to social
care, and spares no effort in promoting talent nurturing and
sustainability education. The Group aligns its practices to the UN
Sustainable Development Goals, and brings about positive change by
working with communities through its charitable arm, CTCI Education
Foundation. On the global stage, CTCI Education Foundation is proud
to become the 11th Taiwanese NGO admitted to the UN
Framework Convention on Climate Change, and continues to
participate in the UN Climate Change Conferences, showing the world
Taiwan's sustainability
achievements.
CTCI will continue to firmly uphold its brand ethos as the most
reliable engineering services provider, remain committed to be a
Guardian of Sustainable Earth, and extend its sustainable
engineering influence to make the world a better place.
About CTCI http://www.ctci.com
CTCI (TWSE: 9933, TPEx: 5209, TPEx: 6803) is a global
engineering services provider that offers a comprehensive range of
services, products, and solutions. Since its founding in 1979, CTCI
has strived to deliver the world's most reliable engineering,
procurement, construction, commissioning, operation &
maintenance, and project management services. Headquartered in
Taipei, Taiwan, CTCI serves the
environmental, refinery, petrochemicals, power, transportation,
industrial, advanced technology facilities, and LNG receiving
terminals markets. The company has about 8,000 employees in
around 50 operation bases spanning across more than 10
countries. CTCI aims to become a Guardian of Sustainable Earth by
contributing to global sustainability through green engineering,
and is committed to wielding its influence in the industry to
create a low-carbon supply chain. It continues to engage its
partners worldwide to deliver responsible business operations,
jointly contributing to the planet's sustainable development. The
company is a member of the Dow Jones Sustainability™ Emerging
Markets Index.
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