The 2023 Dow Jones Sustainability Indices (DJSI) announced the latest selection results in the early morning on December 9th, 2023. Taiwan Mobile (TWM) was selected for DJSI World for the seventh consecutive year, ranked among the top three companies in the global telecommunications industry; In addition, it has been recognized in the DJSI Emerging Markets for the 12th consecutive year. In 2023, a total of 30 Taiwanese companies secured positions in the DJSI World, with 29 companies making the prestigious list for DJSI Emerging Markets.
Full marks for 14 indicators including Board Independence, No Deforestation Commitment Substantial improvement in Biodiversity Commitment
At a crucial moment when Taiwan's telecommunications industry is actively merging and re-entering the "Three Telecoms" era, TWM has once again been selected for the DJSI World. Chairman Daniel Tsai said that of the two major telecommunications mergers this year, TWM’s merger with Taiwan Star can best bring into play synergistic effects of carbon reduction and slowing down global warming; less than a week after the merger, the 5G Taiwan team shut down the original Taiwan Star 3G base station equipment to implement its commitment to energy conservation, carbon reduction and equipment elimination; in future, with 4G and 5G wireless network integration work carried out station by station and gradual connection of bilateral networks, one of the four 5G highways will be closed, which will reduce the power consumption of a set of infrastructure, saving up to 100-200 million kilowatt-hours of electricity every year.
Chairman Tsai further raised the emerging risk of "Biodiversity loss". He pointed out that every time the earth warms by 1 degree Celsius, the risk of species extinction increases. The loss of biodiversity will weaken nature's adaptability, trigger extreme weather events, impact ecosystems, and ultimately endanger human survival. To protect biodiversity, TWM will continue to implement low-carbon operations, invest ten billion NT$ in green electricity by 2040, work with Academia Sinica to develop new clean energy, and, looking forward, has introduced The Taskforce on Nature-related Financial Disclosure (TNFD) framework, committing to achieve a net positive impact on biodiversity by 2050 and to end any form of deforestation (No Gross Deforestation). TWM is actively championing the conservation of mountain forests and wetlands, expanding natural carbon sinks. We integrate our core ICT expertise with sustainability principles, placing 'value creation' at the core of our efforts to foster sustainable vitality for the Earth.
TWM greatly expands green energy strategy Target of renewable energy ratio of 35% by 2030
Taking great strides towards the net-zero goal, TWM also received the highest affirmation in the DJSI renewable energy topic group with its three major strategies of increasing the proportion of green electricity, implementing low-carbon operations, and developing new clean energy. Jamie Lin, president of TWM, said that climate change is becoming increasingly serious, and 2023 was the hottest year in history and thus companies urgently need to implement carbon reduction actions. With "TWM Green Energy for Sustainable Future" as its main theme, TWM took the industry lead in introducing the TCFD framework in 2018. In 2023, it held three TCFD workshops and published its first Task Force on Climate-Related Financial Disclosures Report (TCFD Report);it is the first telecom operator in Asia to pass the SBTi 2050 net-zero emissions path. At the same time, the green energy strategy will be expanded across the board, with solar photovoltaics as the main focus in the early stage and wind power in the mid-term. The target is to achieve a 35% renewable energy ratio by 2030 and a renewable energy use ratio of 60% by 2035. TWM is further committed to using 100% renewable energy by 2040, encouraging other companies to participate in the green energy initiative and expedite the realization of Taiwan’s net-zero emissions goal.