Mynews Holdings Berhad Sustainability Profile
Mynews Holdings Berhad, commonly known as Mynews, is a prominent player in the Malaysian retail industry, headquartered in Malaysia. Established in 1997, the company has evolved into a leading convenience store chain, primarily operating in urban areas across the country. Mynews focuses on providing a diverse range of products, including fresh food, snacks, and beverages, with a unique emphasis on quality and customer experience. Over the years, Mynews has achieved significant milestones, including the introduction of its own private label products and the expansion of its store network. The company is recognised for its innovative approach to retail, integrating technology to enhance customer engagement. With a strong market position, Mynews continues to set industry standards, making it a trusted choice for consumers seeking convenience and quality in their shopping experience.
DitchCarbon Score
How does Mynews Holdings 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 Retail Trade 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
Mynews Holdings Berhad's score of 27 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mynews Holdings Berhad's reported carbon emissions
In 2024, Mynews Holdings Berhad reported total carbon emissions of approximately 4,460,000 kg CO2e, comprising about 1,498,000 kg CO2e from Scope 1 and about 2,671,000 kg CO2e from Scope 2 emissions. In the previous year, 2023, the company recorded total emissions of about 3,708,000 kg CO2e, with Scope 1 emissions at approximately 1,053,000 kg CO2e and Scope 2 emissions at about 2,156,000 kg CO2e. In 2022, Mynews Holdings Berhad disclosed a total of approximately 137,745,000 kg CO2e, which included about 945,000 kg CO2e from Scope 1, about 136,800,000 kg CO2e from Scope 2, and about 24,000 kg CO2e from Scope 3 emissions. Despite these emissions figures, Mynews Holdings Berhad has not set specific reduction targets or climate pledges, nor have they cascaded any Science-Based Targets Initiative (SBTi) commitments from their parent organisation. The company operates as a current subsidiary and does not inherit any emissions data from a corporate family relationship. Overall, while Mynews Holdings Berhad has made strides in reporting its emissions, it currently lacks defined reduction initiatives or commitments to mitigate its carbon footprint.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 945,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 136,800,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 24,000 | - | - |
How Carbon Intensive is Mynews Holdings Berhad's Industry?
How Carbon Intensive is Mynews Holdings Berhad's Location?
Mynews Holdings 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.
Mynews Holdings 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.
