Grand Venture Technology Sustainability Profile
Grand Venture Technology, often referred to as GVT, is a leading player in the advanced manufacturing and technology sector, headquartered in Singapore (SG). Founded in 2015, the company has rapidly established itself as a key innovator in precision engineering, serving major operational regions across Asia and beyond. Specialising in high-quality manufacturing solutions, GVT offers a diverse range of services, including precision machining, assembly, and product development. Their commitment to cutting-edge technology and sustainable practices sets them apart in a competitive market. With a focus on delivering tailored solutions, GVT has garnered a reputation for excellence and reliability. Recognised for its significant contributions to the industry, Grand Venture Technology continues to push boundaries, positioning itself as a trusted partner for businesses seeking advanced manufacturing capabilities.
DitchCarbon Score
How does Grand Venture Technology'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 Other Services 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
Grand Venture Technology's score of 28 is lower than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Grand Venture Technology's reported carbon emissions
In 2023, Grand Venture Technology (GVT) reported carbon emissions of approximately 144,000 kg CO2e from Scope 2, specifically from purchased electricity, at its Singapore headquarters. This figure reflects GVT's commitment to transparency in its climate impact. The company has set ambitious reduction targets, aiming to decrease its Scope 1 emissions by 30% from a 2021 baseline by 2030, and to reduce its Scope 2 emissions by 25% over the same period. These targets demonstrate GVT's proactive approach to mitigating its carbon footprint and aligning with industry standards for climate action. In addition to its Singapore operations, GVT's emissions data from China indicates Scope 1 emissions of 83,000 kg CO2e and Scope 2 emissions of 1,773,000 kg CO2e, while its Malaysian operations reported Scope 1 emissions of 116,000 kg CO2e and Scope 2 emissions of 5,178,000 kg CO2e. This comprehensive data collection across regions underscores GVT's commitment to addressing its environmental impact globally. Overall, GVT's initiatives and targets reflect a strong commitment to sustainability and responsible corporate practices in the face of climate change.
How Carbon Intensive is Grand Venture Technology's Industry?
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Grand Venture Technology's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Grand Venture Technology has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
