Fgv Holdings
FGV Holdings Berhad, commonly referred to as FGV, is a leading player in the agribusiness sector, headquartered in Malaysia. Established in 2012, FGV has rapidly evolved into a significant force in the palm oil industry, with extensive operations across Southeast Asia and beyond. The company is renowned for its sustainable practices and innovative approaches in oil palm cultivation, processing, and distribution. FGV's core offerings include crude palm oil, palm kernel oil, and various downstream products, all distinguished by their commitment to quality and sustainability. With a strong market position, FGV has achieved notable milestones, including certifications for sustainable palm oil production, reinforcing its reputation as a responsible industry leader. As a key contributor to Malaysia's economy, FGV Holdings continues to set benchmarks in the agribusiness landscape.
DitchCarbon Score
How does Fgv Holdings's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Food Product Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Fgv Holdings's score of 35 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Fgv Holdings's reported carbon emissions
In 2019, FGV Holdings reported total greenhouse gas emissions of approximately 88,775,000 kg CO2e, comprising about 19,026,000 kg CO2e from Scope 1 and about 87,775,000 kg CO2e from Scope 2 emissions. In 2018, the company emitted around 16,257,000 kg CO2e in Scope 1 and approximately 85,518,000 kg CO2e in Scope 2. The emissions for 2017 were about 11,178,000 kg CO2e for Scope 1 and approximately 91,211,000 kg CO2e for Scope 2. FGV Holdings has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its entire value chain by 2050. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 46.2% by 2030, using 2019 as the baseline year. Additionally, FGV Holdings plans to cut Scope 3 emissions by the same percentage within the same timeframe. Long-term goals include a significant reduction of 90% in both Scope 1 and 2 emissions by 2050, alongside a 90% reduction in Scope 3 emissions. The company is also committed to no deforestation across its primary commodities by December 31, 2025, reinforcing its dedication to sustainable practices in the agricultural production sector.
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| 2017 | 2018 | 2019 | |
|---|---|---|---|
| Scope 1 | 11,178,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 91,211,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Fgv Holdings is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
