MAS Holdings
MAS Holdings, a leading apparel and textile manufacturer, is headquartered in Sri Lanka (LK) and operates extensively across South Asia and beyond. Founded in 1987, the company has established itself as a key player in the garment industry, specialising in innovative design, manufacturing, and supply chain solutions. With a diverse portfolio that includes intimate apparel, activewear, and sportswear, MAS Holdings is renowned for its commitment to sustainability and ethical practices. The company has achieved significant milestones, including partnerships with global brands and recognition for its eco-friendly initiatives. As a pioneer in the industry, MAS Holdings continues to excel in delivering high-quality products while maintaining a strong market position, making it a preferred choice for brands seeking reliable and responsible manufacturing solutions.
DitchCarbon Score
How does MAS Holdings'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 Apparel Production 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
MAS Holdings's score of 36 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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MAS Holdings's reported carbon emissions
In 2023, MAS Holdings reported significant carbon emissions totalling approximately 2,365,000,000 kg CO2e. This figure includes 134,604,000 kg CO2e from Scope 1 emissions and 134,604,000 kg CO2e from Scope 2 emissions, while Scope 3 emissions accounted for a substantial 2,171,336,490 kg CO2e. Comparatively, in 2022, the company recorded 149,446,000 kg CO2e for both Scope 1 and Scope 2 emissions, with Scope 3 emissions remaining constant at 2,171,336,490 kg CO2e. This indicates a reduction in Scope 1 and Scope 2 emissions from 2022 to 2023, showcasing a commitment to lowering direct and indirect emissions associated with their operations. Despite these reductions, MAS Holdings has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or any formal climate pledges. The company continues to operate within the apparel manufacturing sector, which is under increasing pressure to enhance sustainability practices and reduce overall carbon footprints. Overall, while MAS Holdings has made strides in reducing its emissions, the absence of formal reduction targets suggests an opportunity for further commitment to climate action.
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| 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 18,822,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 74,502,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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.
MAS Holdings 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.
