The world’s first aviation passes the TCFD verification, demonstrating Taoyuan International Airport’s determination to fight Climate Change

To effectively implement the mitigation and adaptation of climate change, and achieve the goal of “Sustainability: Safe Airport,” Taoyuan International Airport Corporation, Ltd (referred to as TIAC) adopts the Task Force on Climate-Related Financial Disclosures (referred to as TCFD) to formulate a climate strategy, and the audit of TCFD is verified by the international third-party inspection agency, British Standards Institute (BSI), in November 2020. TIAC has become the world's first aviation industry to complete the TCFD audit!

Jerry Dan, President & CEO of TIAC, said that the public around the world is paying more and more attention to the climate change issue, and the aviation industry is one of the industries that have been paid more attention. Therefore, International Civil Aviation Organization (ICAO) has put forward the ambitious goal of reducing carbon emissions by 50% in the aviation industry by 2050 compared with 2005. TIAA is the most important gateway to Taiwan as well as plays an important role in the international aviation industry. Thus, TIAC has formulated a mid-and long-term climate goal of “Sustainability: Safe Airport,” and adopted recommendations from TCFD to set climate change mitigation and adaptation strategies, acting against climate change to achieve global climate goals.

TIAC followed the recommendations of TCFD, developing 4 core elements of recommended climate-related financial disclosures of governance, strategy, risk management, and metrics and targets. In terms of governance, TIAC’s climate goals have been approved by the board of directors, and TIAC has to report the working plans and results to the Executive Yuan every year. In terms of strategies, TIAC adopts the RCP4.5 scenario of IPCC AR5 to formulate climate mitigation and adjustment strategies. In terms of risk management, refer to Guidance of ISO 31000 Risk Management System, TIAC is carrying out climate risk analysis, and setting management strategies for major risks. In terms of metrics and targets, TIAC is with the main vision of becoming a green and low-carbon airport, and thus sets goals with annual progress reviewed for climate mitigation and adaptation.

In addition, TTIA receives the top-ranked (Platinum) prizes in the Asia-Pacific Green Airports Recognition program from ACI and a Level 3 Airport Carbon Accreditation (ACA). TIAC will continue to follow TCFD’s recommendations in the future to strengthen our climate strategy and work. At the same time, we hope that through obtaining TCFD verification, the influence of TIAC will be exerted to drive Taiwan’s aviation industry and state-owned enterprises to fight against climate change and achieve sustainable development!

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2022/01/19 03:30