Kelani Valley Plantations

In 2024, Kelani Valley Plantations reported total carbon emissions of approximately 9,988,000 kg CO2e, comprising 6,384,000 kg CO2e from Scope 1, 2,606,000 kg CO2e from Scope 2, and 998,000 kg CO2e from Scope 3 emissions. This marks an increase from 2023, where total emissions were approximately 9,624,000 kg CO2e, with Scope 1 at 5,785,000 kg CO2e, Scope 2 at 3,016,000 kg CO2e, and Scope 3 at 824,000 kg CO2e.

Kelani Valley Plantations has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by FY2049. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 58.8% by FY2033 from a FY2022 baseline, and Scope 3 emissions by 35% within the same timeframe. Additionally, they aim for a long-term reduction of 90% in both Scope 1 and 2 emissions by FY2049.

These targets are part of a broader commitment to sustainability, including maintaining no deforestation across primary deforestation-linked commodities. The emissions data and targets are cascaded from the parent company, Kelani Valley Plantations PLC, which is classified under the SBTi (Science Based Targets initiative) framework, ensuring alignment with global climate goals.