Masan High Tech Materials
Masan High Tech Materials, headquartered in Vietnam, is a leading player in the advanced materials industry, specialising in tungsten and other high-tech materials. Founded in 2015, the company has rapidly established itself as a key supplier in both domestic and international markets, with significant operations across Asia and beyond. The firm’s core offerings include tungsten powder, tungsten carbide, and other innovative materials that cater to various sectors, including manufacturing and electronics. What sets Masan High Tech Materials apart is its commitment to sustainability and cutting-edge technology, ensuring high-quality products that meet stringent industry standards. With a strong market position, the company has achieved notable milestones, including strategic partnerships and expansions that enhance its competitive edge. Masan High Tech Materials continues to drive innovation, solidifying its reputation as a trusted leader in the high-tech materials sector.
DitchCarbon Score
How does Masan High Tech Materials'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 Precious Metal 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
Masan High Tech Materials's score of 22 is higher than 55% 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 High Tech Materials's reported carbon emissions
In 2024, Masan High Tech Materials reported carbon emissions of approximately 14,104,000 kg CO2e, all of which fall under Scope 2 emissions. This represents a decrease from 15,689,000 kg CO2e in 2023, indicating a positive trend in their emissions management. The company has set ambitious climate commitments, aiming for CO2 equivalent neutrality by 2045 for all activities they can influence. This long-term target encompasses both Scope 1 and Scope 2 emissions. Additionally, they are investigating innovative technologies to enhance energy efficiency in their hard metal production processes, with a focus on reducing emissions from 2023 to 2050. Masan High Tech Materials' emissions data is cascaded from its parent company, Masan Group Corporation, which provides a broader context for their sustainability initiatives. The company is actively working towards significant reductions in energy consumption and CO2 emissions, with specific near-term targets to lower their CO2 footprint by over 50,000 metric tons annually by 2025, assuming a production level of 4,300 tonnes per annum in Germany. Overall, Masan High Tech Materials is making strides in addressing its carbon footprint while aligning with industry standards for climate action.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 64,362,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - | - | - | - |
| Scope 2 | 30,940,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | - | - |
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.
Masan High Tech Materials 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.
