MASAN GROUP Sustainability Profile
Masan Group Corporation, commonly referred to as Masan Group, is a leading Vietnamese conglomerate headquartered in Ho Chi Minh City, Vietnam. Founded in 1996, the company has established a strong presence across various sectors, including food and beverage, consumer goods, and financial services. Masan Group is renowned for its innovative products, particularly in the food industry, with popular brands such as Masan Consumer and Masan MeatLife. The company’s commitment to quality and sustainability sets it apart in a competitive market. With significant achievements, including strategic partnerships and expansions into international markets, Masan Group has solidified its position as a key player in Vietnam's economic landscape, continually driving growth and innovation in the region.
DitchCarbon Score
How does MASAN GROUP'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 Retail Trade 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
MASAN GROUP's score of 35 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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MASAN GROUP's reported carbon emissions
In 2023, Masan Group, headquartered in Vietnam, reported total carbon emissions of approximately 104.8 million kg CO2e. This figure includes 9.1 million kg CO2e from Scope 1 emissions and about 95.7 million kg CO2e from Scope 2 emissions. Notably, there is no reported data for Scope 3 emissions. Comparatively, in 2022, the group's total emissions were approximately 134.1 million kg CO2e, with Scope 1 contributing 5.9 million kg CO2e and Scope 2 accounting for about 128.2 million kg CO2e. This indicates a reduction in total emissions from 2022 to 2023. Masan Group has committed to achieving net-zero emissions by 2050, as part of its long-term climate strategy. This commitment is aligned with the Science Based Targets initiative (SBTi), which the company has engaged with to set its climate targets. The SBTi has confirmed that Masan Group is committed to net-zero across all scopes, although specific reduction percentages have not been disclosed. In Vietnam, the company reported Scope 1 and 2 emissions of approximately 171,704 kg CO2e in 2023, a slight decrease from about 190,124 kg CO2e in 2022. This reflects the company's ongoing efforts to manage and reduce its carbon footprint within the region. Overall, Masan Group is actively working towards its climate commitments while demonstrating a trend of decreasing emissions in recent years.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 6,036,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 156,411,000 | 000,000,000 | 00,000,000 |
| Scope 3 | - | - | - |
How Carbon Intensive is MASAN GROUP's Industry?
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MASAN GROUP'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.
MASAN GROUP has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about MASAN GROUP's sustainability data and climate commitments