Masan High Tech Materials Sustainability Profile
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 35 is higher than 65% 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 total carbon emissions of approximately 16,934,000 kg CO2e, comprising about 2,897,000 kg CO2e from Scope 1 and about 14,104,000 kg CO2e from Scope 2. This marks a reduction from 2023, where emissions were approximately 20,442,000 kg CO2e, with Scope 1 at about 4,954,000 kg CO2e and Scope 2 at about 15,689,000 kg CO2e. The company has set ambitious long-term climate commitments, aiming for net-zero emissions by 2045 across all activities it can influence. This commitment includes specific initiatives to enhance energy efficiency in the hard metal production process, targeting reductions in both Scope 1 and Scope 2 emissions. Notably, the company plans to decrease energy consumption by over 100 GWh annually and lower its CO2 footprint by more than 50,000 tonnes CO2e by 2025, assuming a production level of 4,300 tonnes per annum in Germany. Masan High Tech Materials' emissions data is cascaded from its parent company, Masan Group Corporation, reflecting a corporate family relationship. The company has not disclosed any Scope 3 emissions data, indicating a focus on direct and indirect emissions from its operations and energy use.
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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 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| 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 | - | - | - | - | - | - | - | - | - | - | - | - |
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Masan High Tech Materials'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 High Tech Materials 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.
