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 21 is higher than 88% 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 2021, Masan High Tech Materials reported total carbon emissions of approximately 236,000,000 kg CO2e, comprising 36,282,000 kg CO2e from Scope 1, 11,469,000 kg CO2e from Scope 2, and a significant 206,294,000 kg CO2e from Scope 3 emissions. This marked a notable increase in emissions compared to previous years, with 2020 figures showing total emissions of about 178,696,000 kg CO2e, and 2019 at approximately 187,592,000 kg CO2e. Masan High Tech Materials has set ambitious climate commitments, aiming for net-zero emissions by 2050. This target encompasses all activities they can influence, with specific initiatives targeting energy efficiency improvements in their hard metal production processes. The company plans to reduce energy consumption by over 100 GWh annually and lower its CO2 footprint by more than 50,000 metric tons per annum by 2025, focusing on both Scope 1 and Scope 2 emissions. The long-term strategy includes investigating innovative technologies to enhance energy efficiency from 2023 to 2050, with a goal of achieving CO2 equivalent neutrality by 2045 for their Scope 1 and Scope 2 emissions. These commitments reflect Masan High Tech Materials' dedication to addressing climate change and reducing their overall environmental impact.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 64,362,000 | 00,000,000 | 00,000,000 | 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 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 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.
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.
