Energy Target and Performance
SDGs Targets
| Long-Term Targets | 2025 | ||
|---|---|---|---|
| Targets | Progress | ||
| Cumulative energy consumption reduction | Reduce cumulative energy consumption by 10.80 million GJ per year by 2035 | Reduce cumulative energy consumption by 2.34 million GJ per year | Reduce cumulative energy consumption by 4.68 million GJ per year* |
| Energy efficiency performance of plants under GC Group | Energy efficiency performance of plants under GC Group to achieve Top Quartile Performance in Benchmarking | 10 plants | 10 plants |
* Performance in 2025 for all projects commencing in 2022, calculated based on GC’s annual business plan for the year in which the project started.
Challenges and Opportunities
GC recognizes the importance of the energy transition and its impact on business operations.
As a result, it has developed a plan to manage energy use efficiently through the improvement of work processes, the adoption of advanced technologies to monitor and control energy consumption, and the promotion of energy conservation awareness among employees. Furthermore, GC is exploring the use of renewable energy in its office buildings and plants to reduce reliance on fossil fuels and contribute to the promotion of clean energy.
Management Approach GRI 3-3 (2021), GRI 302-4 (2016)
Commitment
GC is committed to effective climate change and energy management in alignment with the Sustainable Development Goals (SDGs), and has set a target to achieve net zero greenhouse gas emissions in Scope 1 and 2 by 2050. This target is driven by three approaches: (1) efficiency driven measures to enhance operational performance; (2) portfolio driven measures to restructure the business in the long term, including investment in high value, low carbon businesses; and (3) compensation driven measures through carbon sequestration and offsetting. The Company also seeks opportunities to develop new businesses through technological innovation while fostering collaboration with stakeholders across all sectors to support the transition to an environmentally friendly low carbon economy.
Energy Management Process
GC has established an energy management excellence framework (GC Energy Excellence Roadmap), under which all of its plants have been certified to the ISO 50001:2018 energy management system standard by an accredited certification body. This demonstrates effective control and responsible use of energy, supported by continuous monitoring, performance review, and improvement, as well as strict compliance with all applicable legal and regulatory requirements and the ongoing implementation of substantive energy conservation projects.
As a result, the Company’s plants have achieved leading levels of energy performance within the industry and have been able to reduce energy consumption on a continuous basis.
Performance of Energy Management
Energy Efficiency of Plants Achieving Top Quartile Performance
(Plants)
Performance
Target
Accumulative Energy Reduction
(million GJ)
Performance
Target