Hap Seng Plantations Holdings Berhad Sustainability Profile
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. In 2021, the total emissions were reported at about 309,713,000 kg CO2e, all attributed to Scope 1. Hap Seng Plantations is a current subsidiary of Hap Seng Consolidated Berhad, which influences its emissions reporting and climate initiatives. The company has set reduction targets for both Scope 1 and Scope 2 emissions, reflecting its commitment to sustainability and climate action.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 309,713,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | 00,000 | 000,000 |
| Scope 3 | - | - | 00,000,000 |
How Carbon Intensive is Hap Seng Plantations Holdings Berhad's Industry?
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Hap Seng Plantations Holdings Berhad's Scope 3 Categories Breakdown
Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 4% of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the largest emissions source at 52% of Scope 3 emissions.
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Hap Seng Plantations Holdings 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 Plantations Holdings 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.
