Mi Technovation Berhad Sustainability Profile
Mi Technovation Berhad, a leading player in the technology sector, is headquartered in Malaysia (MY) and operates extensively across the Asia-Pacific region. Founded in 2005, the company has established itself in the semiconductor and electronics industry, focusing on innovative solutions for the manufacturing of advanced electronic components. Specialising in the design and production of high-quality semiconductor materials, Mi Technovation is recognised for its commitment to research and development, which sets its products apart in a competitive market. The company has achieved significant milestones, including strategic partnerships and expansions that enhance its market position. With a reputation for excellence and a robust portfolio of cutting-edge technologies, Mi Technovation Berhad continues to drive advancements in the electronics sector, making it a notable contender in the global marketplace.
DitchCarbon Score
How does Mi Technovation Berhad'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 Business Services 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
Mi Technovation Berhad's score of 36 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mi Technovation Berhad's reported carbon emissions
In 2023, Mi Technovation Berhad reported total carbon emissions of approximately 1,925,748 kg CO2e from its operations in Malaysia. This figure includes 1,181 kg CO2e from Scope 1 emissions, primarily from mobile combustion, and 1,876,597 kg CO2e from Scope 2 emissions, which are attributed to purchased electricity. The company also reported Scope 3 emissions of about 47,970 kg CO2e, primarily from business travel. Globally, Mi Technovation Berhad's emissions for 2023 totalled approximately 4,482,399.8 kg CO2e, with Scope 1 emissions at 66,605.4 kg CO2e, Scope 2 emissions at 1,739,212.2 kg CO2e, and significant Scope 3 emissions of about 4,482,399.8 kg CO2e, all from purchased goods and services. Despite these emissions figures, Mi Technovation Berhad has not set specific reduction targets or initiatives as part of its climate commitments. The company has not disclosed any Science-Based Targets Initiative (SBTi) reduction targets or other formal climate pledges. Overall, while Mi Technovation Berhad has made strides in measuring its carbon footprint, it currently lacks defined strategies for emissions reduction, which is critical in the context of global climate action.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 59,426.1 | 00,000.0 | 00,000.0 |
| Scope 2 | 2,040,139.2 | 0,000,000.0 | 0,000,000.0 |
| Scope 3 | 5,415,736.2 | 0,000,000.0 | 0,000,000.0 |
How Carbon Intensive is Mi Technovation Berhad's Industry?
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Mi Technovation Berhad's Scope 3 Categories Breakdown
Mi Technovation Berhad's Scope 3 emissions, which decreased by 28% last year and decreased by approximately 17% since 2021, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 71% of total emissions under the GHG Protocol, with "Purchased Goods and Services" representing nearly all of their reported Scope 3 footprint.
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Mi Technovation Berhad'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.
Mi Technovation Berhad 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.
