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Taiwan Power Company (台灣電力公司)

Taiwan Power Company (Taipower) is a state-owned energy company headquartered in Taiwan, China. In 2019, its revenue was US$19.89 billion and installed capacity was 33.16 GW. With approximately 27,000 employees, it supplies electricity to Taiwan and nearby locations. Taipower is shifting from coal and nuclear to increased gas and renewables.

Ranking position
#38/50
Performance score
5.0 /20
Narrative Score
E
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-50)

Targets

0.0 / 4.0 #33

Material Investment

1.6 / 7.0 #35

Intangible Investment

0.0 / 2.0 #19

Management

1.3 / 4.0 #27

Policy Engagement

0.4 / 1.0 #26

Business Model

1.8 / 2.0 #9
Total 5.0 / 20 #38

Leading practices

Risk and opportunities

Trend

Taipower is awarded a trend score of =. If the company were reassessed in the near future, its score would likely stay the same. After rising between 2013 and 2018, Taipower’s emissions intensity is expected to decline from 537 gCO2e/kWh to 507 gCO2e/kWh between 2018 and 2023. However, its well-below 2-degree pathway requires a much more rapid reduction to 399 gCO2e/kWh by 2023. Additionally, Taipower’s locked-in emissions mean it is expected to strongly exceed its well-below 2-degree carbon budget from 2018 to 2033. Taipower is shifting its portfolio from coal to gas and renewables, which may help reduce its emissions intensity, though the retirement of some nuclear assets may limit this. The company set a 2019 target to invest approximately 0.53% of its revenue in ‘energy saving, carbon reduction and green power industry research’. Publicly reporting on progress regarding this investment will send a strong message to the company’s stakeholders that it is committed to long-term decarbonisation.

Progress towards the Paris Agreement

More about the company

Headquarters
Taipei, Taiwan, China
Ownership structure
State-owned
Group revenue
US$19.89 billion (2019)
Installed capacity
33.16 GW (2019)
Website
https://www.taipower.com.tw/en/index.aspx