Fgv Holdings

FGV Holdings, a Malaysian food products company, reported total emissions of approximately 22.6 billion kg CO2e in 2024. This figure includes about 3.7 billion kg CO2e from Scope 1, approximately 210.8 million kg CO2e from Scope 2, and around 18.7 billion kg CO2e from Scope 3 emissions.

The company has set several ambitious climate commitments. It aims for net-zero greenhouse gas emissions across its value chain by 2050. FGV Holdings has near-term Science Based Targets initiative (SBTi) commitments to reduce absolute Scope 1 and 2 GHG emissions by 46.2% by 2030 from a 2019 base year. It also commits to reduce absolute Scope 3 GHG emissions from purchased goods and services, fuel- and energy-related activities, upstream transportation and distribution, business travel, employee commuting, and use of sold products by 46.2% within the same timeframe.

For long-term targets, FGV Holdings is committed to reducing absolute Scope 1 and 2 GHG emissions by 90% by 2050 from a 2019 base year, and absolute Scope 3 GHG emissions by 90% within the same timeframe. The company also commits to no deforestation across its primary deforestation-linked commodities by 31 December 2025. In 2019, FGV Holdings reported total Scope 1 emissions of approximately 19.0 million kg CO2e and Scope 2 emissions of about 88.8 million kg CO2e. In 2018, Scope 1 emissions were around 16.3 million kg CO2e and Scope 2 emissions were about 85.5 million kg CO2e. For 2017, Scope 1 emissions were approximately 11.2 million kg CO2e and Scope 2 emissions were about 91.2 million kg CO2e.