FGV Holdings Berhad, commonly referred to as FGV, is a prominent player in the food products nec industry, headquartered in Malaysia. Established in 2012, FGV has rapidly evolved, becoming a key contributor to the agricultural sector, particularly in palm oil production and related food products.
With operations spanning across Malaysia and several international markets, FGV is renowned for its commitment to sustainability and innovation. The company offers a diverse range of products, including palm oil, sugar, and other food ingredients, distinguished by their quality and adherence to environmental standards.
FGV's strategic initiatives have positioned it as a market leader, achieving significant milestones in sustainability and operational efficiency. As a trusted name in the food industry, FGV Holdings continues to set benchmarks for excellence and responsible sourcing.
+19 vs industry average
Fgv Holdings’s score of 37 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Food Product Manufacturing is among the most carbon-intensive industries
Industry performance
The Food Product Manufacturing industry has reduced its overall emissions by 22% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Fgv Holdings's reported carbon emissions
FGV Holdings Berhad, a food products company based in Malaysia, reported substantial greenhouse gas emissions across Scopes 1, 2, and 3. For the reporting year 2024, the total reported emissions were approximately 22.46 billion kg CO2e. This figure is comprised of Scope 1 emissions amounting to about 3.71 billion kg CO2e, Scope 2 emissions of approximately 210.82 million kg CO2e, and Scope 3 emissions totalling around 18.68 billion kg CO2e.
Earlier reports show significantly lower figures. In 2019, FGV Holdings reported Scope 1 emissions of approximately 19.03 million kg CO2e and Scope 2 emissions of around 88.78 million kg CO2e. For 2018, Scope 1 emissions were about 16.26 million kg CO2e, with Scope 2 emissions at approximately 85.52 million kg CO2e. In 2017, Scope 1 emissions were reported as 11.18 million kg CO2e and Scope 2 emissions as approximately 91.21 million kg CO2e.
FGV Holdings has established ambitious climate commitments. The company aims to support Malaysia's goal to reduce GHG emissions by 45% by 2030, aligning with SDG 13 on Climate Action. Furthermore, FGV Holdings has committed to Science Based Targets initiative (SBTi) goals, including reducing absolute scope 1 and 2 GHG emissions by 46.2% by 2030 from a 2019 base year. They also commit to a 46.2% reduction in absolute scope 3 GHG emissions by 2030, covering categories such as purchased goods and services, fuel- and energy-related activities, upstream transportation and distribution, business travel, employee commuting, and use of sold products.
Looking further ahead, FGV Holdings commits to reaching net-zero greenhouse gas emissions across its value chain by 2050. This long-term vision includes a target to reduce absolute scope 1 and 2 GHG emissions by 90% by 2050 from a 2019 baseline, and a corresponding 90% reduction in absolute scope 3 GHG emissions. The company also has specific targets related to land use, aiming for no deforestation across its primary deforestation-linked commodities by December 31, 2025. Additionally, there are commitments to reduce absolute Scope 1 & 3 FLAG (Forest, Land and Agriculture) GHG emissions by 33.3% by 2030 and by 72% by 2050, both from a 2019 base year.
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Fgv Holdings’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Fgv Holdings yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Fgv Holdings
Frequently asked questions
Common questions about Fgv Holdings’s sustainability data and climate commitments
Data year: 2024
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