Kelani Valley Plantations

Kelani Valley Plantations, headquartered in LK, a company in the plant-based fibers industry, reported total emissions of approximately 9.99 million kg CO2e in 2024. This figure comprises 6.38 million kg CO2e from Scope 1 emissions, 2.61 million kg CO2e from Scope 2 emissions, and 0.998 million kg CO2e from Scope 3 emissions.

In 2023, the company's total emissions were approximately 9.62 million kg CO2e, with Scope 1 emissions at around 5.79 million kg CO2e, Scope 2 at about 3.02 million kg CO2e, and Scope 3 at approximately 0.82 million kg CO2e. For 2022, total emissions were roughly 10.57 million kg CO2e, consisting of about 5.25 million kg CO2e from Scope 1, 3.80 million kg CO2e from Scope 2, and 1.51 million kg CO2e from Scope 3.

Kelani Valley Plantations has set Science Based Targets initiative (SBTi) approved commitments. The company aims to achieve net-zero greenhouse gas emissions across its value chain by FY2049.

Near-term targets include:

• An absolute reduction of Scope 1 and 2 GHG emissions by 58.8% by FY2033, against a FY2022 base year.
• An absolute reduction of Scope 3 GHG emissions by 35% by FY2033, against a FY2022 base year.
• A 42.4% absolute reduction in Scope 1 and 3 FLAG (Forest, Land and Agriculture) GHG emissions by FY2033 from a FY2022 base year, alongside a commitment to maintaining no deforestation across its primary deforestation-linked commodities.

Long-term targets by FY2049, against a FY2022 base year, include:

• An absolute reduction of Scope 1 and 2 GHG emissions by 90%.
• An absolute reduction of Scope 3 GHG emissions by 90%.
• A 72% absolute reduction in Scope 1 and 3 FLAG GHG emissions.