MGB VALUE DRIVEN INNOVATION Sustainability Profile
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.
DitchCarbon Score
How does MGB VALUE DRIVEN INNOVATION'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 Construction Work 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
MGB VALUE DRIVEN INNOVATION's score of 27 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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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, with significant contributions from Scope 1 and Scope 3 emissions. Specifically, Scope 1 emissions accounted for about 6,587,000 kg CO2e, primarily from mobile combustion, while Scope 2 emissions were approximately 446,000 kg CO2e from purchased electricity. Scope 3 emissions totalled around 2,619,000 kg CO2e, with notable figures from business travel (91,000 kg CO2e) and employee commuting (392,000 kg CO2e). MGB has set ambitious reduction targets, aiming for a 5% decrease in energy intensity by revenue for both Scope 1 and Scope 2 emissions, using 2022 as the baseline year. This target is set to be achieved by 2025, reflecting the company's commitment to enhancing energy efficiency and reducing its carbon footprint. The emissions data for MGB VALUE DRIVEN INNOVATION is cascaded from its parent company, MGB Berhad, which is part of a corporate family relationship with LBS Bina Group Berhad. This cascading ensures that MGB's climate commitments align with broader corporate sustainability goals. Overall, MGB VALUE DRIVEN INNOVATION is actively working towards reducing its carbon emissions and improving its sustainability practices, contributing to a more sustainable future.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 5,113,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 271,000 | 000,000 | 000,000 |
| Scope 3 | 796,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is MGB VALUE DRIVEN INNOVATION's Industry?
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MGB VALUE DRIVEN INNOVATION's Scope 3 Categories Breakdown
MGB VALUE DRIVEN INNOVATION's Scope 3 emissions, which increased by 6% last year and increased by approximately 229% since 2021, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, 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 Scope 3 emissions.
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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 not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
