Kinergy Advancement Berhad Sustainability Profile
Kinergy Advancement Berhad, commonly referred to as Kinergy, is a prominent player in the manufacturing industry, headquartered in Malaysia. Established in 1995, the company has made significant strides in the production of high-quality precision components, primarily serving the automotive and electronics sectors. With a strong operational presence across Southeast Asia, Kinergy is renowned for its innovative approach to engineering and manufacturing. The company offers a diverse range of products, including metal stamping, assembly services, and custom tooling solutions, distinguished by their commitment to quality and efficiency. Kinergy's dedication to excellence has positioned it as a trusted partner for leading global brands, earning accolades for its operational excellence and customer satisfaction. As it continues to expand its footprint, Kinergy remains focused on driving advancements in technology and sustainability within the industry.
DitchCarbon Score
How does Kinergy Advancement 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
Kinergy Advancement Berhad's score of 48 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Kinergy Advancement Berhad's reported carbon emissions
In 2023, Kinergy Advancement Berhad (KAB) reported total carbon emissions of approximately 782,000 kg CO2e. This figure includes Scope 1 emissions of about 68,000 kg CO2e, primarily from mobile combustion, and Scope 2 emissions of approximately 531,000 kg CO2e, all from purchased electricity. Additionally, Scope 3 emissions were reported at around 184,000 kg CO2e, with significant contributions from employee commuting and business travel. KAB has set ambitious climate commitments, aiming for a 42% reduction in Scope 1 and Scope 2 emissions by 2030, with a long-term target of achieving a 90% reduction by 2050, using 2021 as the baseline year. These targets align with the goals of the Paris Climate Agreement, which seeks to limit global warming to well below 2°C, preferably to below 1.5°C compared to pre-industrial levels. The company is actively developing strategies to enhance energy performance and reduce emissions, demonstrating a commitment to sustainability and climate action. KAB's initiatives reflect a proactive approach to addressing climate change and reducing its carbon footprint.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | - | - | 0,000,000 | 0,000,000 | 00,000 |
| Scope 2 | 55,800 | 00,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | - | - | 000,000 | 000,000 | 000,000 |
How Carbon Intensive is Kinergy Advancement Berhad's Industry?
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Kinergy Advancement Berhad's Scope 3 Categories Breakdown
Kinergy Advancement Berhad's Scope 3 emissions, which decreased by 42% last year and decreased by approximately 42% since 2021, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 23% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 72% of Scope 3 emissions.
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Kinergy Advancement 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.
Kinergy Advancement 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.
