[Press Release] TCAN Welcomes TSMC’s More Ambitious Net-Zero Pathway, but Gaps in Renewable Energy and Energy Transition Advocacy Must Be Addressed to Fulfil Corporate Climate Responsibility
TSMC released its latest Sustainability Report on 20 August. For the first time, the company has set interim absolute emissions-reduction targets for 2030: a 31% reduction in Scope 1 and Scope 2 emissions from a 2025 base year, bringing them back to 2020 levels, and a 15% reduction in Scope 3 emissions. Compared with its previous reliance on interim renewable-energy commitments and a long-term net-zero target, this is the first time TSMC has defined a clear pathway towards net zero. In May, the Taiwan Climate Action Network (TCAN) published its 2026 TSMC Climate Performance Assessment. The assessment found that TSMC lacked a medium-term absolute emissions-reduction pathway covering Scopes 1–3 and aligned with its 2050 net-zero target. It also highlighted the low share of renewable electricity at the company’s Taiwan fabs, shortcomings in meeting energy-efficiency targets, and limited climate-policy engagement. The new targets, strengthened Scope 3 accounting, disclosure of the renewable-electricity […]