HAP SENG CONSOLIDATED BERHAD Sustainability Profile
Hap Seng Consolidated Berhad, a prominent Malaysian conglomerate, is headquartered in Kuala Lumpur, Malaysia. Established in 1963, the company has evolved into a key player across various sectors, including trading, manufacturing, and property development. With a strong presence in Malaysia and significant operations in Southeast Asia, Hap Seng is recognised for its diverse portfolio, which includes automotive, building materials, and financial services. The company’s core offerings, such as its high-quality automotive products and innovative construction materials, set it apart in the competitive landscape. Notably, Hap Seng has achieved remarkable growth, positioning itself as a leader in the Malaysian market. With a commitment to excellence and sustainability, Hap Seng Consolidated Berhad continues to drive progress in its industries, making it a noteworthy entity in the region's economic landscape.
DitchCarbon Score
How does HAP SENG CONSOLIDATED BERHAD'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 Business 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
HAP SENG CONSOLIDATED BERHAD's score of 32 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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HAP SENG CONSOLIDATED BERHAD's reported carbon emissions
In 2023, HAP SENG CONSOLIDATED BERHAD reported total carbon emissions of approximately 135,413,440 kg CO2e for Scope 1, 19,249,310 kg CO2e for Scope 2, and 26,093,000 kg CO2e for Scope 3, resulting in a combined total of about 155,165,420 kg CO2e for Scope 1 and 2 emissions. The company has disclosed emissions data across all three scopes, indicating a comprehensive approach to carbon accounting. In 2022, the emissions were significantly higher, with Scope 1 emissions at approximately 279,551,470 kg CO2e, Scope 2 at 85,380 kg CO2e, and Scope 3 at about 15,392,290 kg CO2e. This data suggests a notable fluctuation in emissions, particularly in Scope 1, which may warrant further investigation into operational changes or efficiency improvements. HAP SENG CONSOLIDATED BERHAD has not set specific reduction targets or climate pledges, as indicated by the absence of documented reduction initiatives or SBTi targets. However, the company is a current subsidiary of Hap Seng Consolidated Berhad, which may influence its climate strategies and reporting practices. Overall, while HAP SENG CONSOLIDATED BERHAD has made strides in emissions reporting, the lack of defined reduction commitments highlights an area for potential growth in their sustainability efforts.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 279,551,470 | 000,000,000 |
| Scope 2 | 85,380 | 00,000,000 |
| Scope 3 | 15,392,290 | 00,000,000 |
How Carbon Intensive is HAP SENG CONSOLIDATED BERHAD's Industry?
How Carbon Intensive is HAP SENG CONSOLIDATED BERHAD's Location?
HAP SENG CONSOLIDATED BERHAD'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.
HAP SENG CONSOLIDATED BERHAD 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.
