MGB Value Driven Innovation, headquartered in Malaysia, is a leading player in the construction and engineering industry, specialising in innovative building solutions. Founded in 2014, the company has rapidly established itself as a key provider of integrated construction services, focusing on sustainable practices and advanced technology. With a strong presence in Southeast Asia, MGB offers a diverse range of core products and services, including precast concrete solutions and modular construction systems. Their commitment to quality and efficiency sets them apart in a competitive market, enabling them to deliver projects that meet the highest standards. Recognised for their innovative approach, MGB Value Driven Innovation has achieved significant milestones, positioning themselves as a trusted partner in the construction sector. Their dedication to value-driven solutions continues to drive their success and growth in the industry.
MGB VALUE DRIVEN INNOVATION's reported carbon emissions
In 2023, MGB VALUE DRIVEN INNOVATION reported total carbon emissions of approximately 9,652,000 kg CO2e. This figure includes Scope 1 emissions of about 6,587,000 kg CO2e, Scope 2 emissions of approximately 446,000 kg CO2e, and Scope 3 emissions of around 2,619,000 kg CO2e. The company has set a target to achieve a 5% reduction in energy intensity by revenue for both Scope 1 and Scope 2 emissions, using FY2022 as the baseline, with a deadline of 2025. MGB VALUE DRIVEN INNOVATION is a subsidiary of MGB Berhad, which influences its emissions data and sustainability initiatives. The emissions data is cascaded from MGB Berhad, and the company is committed to improving its environmental performance through these reduction initiatives. The focus on energy intensity reflects a strategic approach to managing emissions while aligning with broader industry standards for climate action.
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MGB VALUE DRIVEN INNOVATION's Scope 3 Categories Breakdown
MGB VALUE DRIVEN INNOVATION's reported Scope 3 emissions increased by 6% last year and increased significantly since 2018. Their reported carbon footprint includes their upstream supply chain categories, with Scope 3 emissions accounting for 27% of total emissions under the GHG Protocol, with "Waste Generated in Operations" being the largest emissions source at 82% of total reported Scope 3 emissions. MGB VALUE DRIVEN INNOVATION did not disclose Purchased Goods and Services, Upstream Transportation and Distribution, and Use of Sold Products, which are relevant categories for their sector. These represent under reporting risk.
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MGB VALUE DRIVEN INNOVATION'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.
MGB VALUE DRIVEN INNOVATION 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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