Hap Seng Plantations Holdings Berhad
Hap Seng Plantations Holdings Berhad, a prominent player in the Malaysian agricultural sector, is headquartered in Kuala Lumpur, Malaysia. Established in 1960, the company has grown to become a leading producer of palm oil, with significant operations in Sabah and Sarawak. Specialising in sustainable palm oil cultivation, Hap Seng is committed to environmentally responsible practices, setting it apart in a competitive industry. The company’s core offerings include crude palm oil and palm kernel oil, which are renowned for their quality and sustainability. With a strong market position, Hap Seng Plantations has achieved notable milestones, including certifications for sustainable palm oil production. This dedication to excellence and sustainability has solidified its reputation as a trusted name in the palm oil industry, contributing to Malaysia's status as a global leader in palm oil exports.
DitchCarbon Score
How does Hap Seng Plantations Holdings 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 Plantations Holdings Berhad's score of 36 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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Hap Seng Plantations Holdings Berhad's reported carbon emissions
In 2023, Hap Seng Plantations Holdings Berhad reported total carbon emissions of approximately 100,584,970 kg CO2e. This includes Scope 1 emissions of about 269,893,000 kg CO2e, Scope 2 emissions of approximately 110,000 kg CO2e, and Scope 3 emissions totalling around 10,209,970 kg CO2e. Notably, the company achieved a significant reduction in net carbon emissions per tonne of Crude Palm Oil (CPO), decreasing by 28% from FY2021 to FY2022. The emissions data for 2022 indicated a total of about 279,636,850 kg CO2e, with Scope 1 emissions at approximately 279,551,470 kg CO2e and Scope 2 emissions around 85,380 kg CO2e. The company has demonstrated a commitment to reducing its carbon footprint, particularly in its operational practices. Hap Seng Plantations Holdings Berhad is a current subsidiary of Hap Seng Consolidated Berhad, which influences its emissions reporting and climate initiatives. The emissions data is cascaded from the parent company, ensuring alignment with broader corporate sustainability goals. The company has not yet established Science-Based Targets Initiative (SBTi) reduction targets but continues to focus on improving its emissions intensity and overall sustainability practices.
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| 2019 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 1,080 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 1,080 | - | 00,000 | 000,000 |
| Scope 3 | 1,080 | - | - | 00,000,000 |
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.
Hap Seng Plantations Holdings Berhad is not participating in any 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.
