Velesto

Velesto's reported carbon emissions

Velesto, headquartered in Malaysia and operating within the retail trade services sector (excluding motor vehicles and motorcycles, and including repair services for personal and household goods), has established climate commitments with specific emission reduction targets. For the reporting year 2025, Velesto reported a total of approximately 491,497,000 kg CO2e. This figure comprises approximately 56,041,000 kg CO2e for Scope 1, approximately 605,000 kg CO2e for Scope 2 (purchased electricity), and approximately 434,851,000 kg CO2e for Scope 3. Within Scope 3, purchased goods and services accounted for the largest portion, at approximately 418,999,000 kg CO2e. In 2024, total emissions were approximately 63,940,000 kg CO2e, with Scope 1 emissions at approximately 62,264,000 kg CO2e and Scope 2 at approximately 609,000 kg CO2e. Scope 3 emissions for this year were approximately 1,121,000 kg CO2e, with business travel contributing approximately 889,000 kg CO2e and employee commute approximately 232,000 kg CO2e. For 2023, total emissions stood at approximately 64,013,000 kg CO2e, with Scope 1 emissions at approximately 63,469,000 kg CO2e and Scope 2 at approximately 477,000 kg CO2e. Scope 3 emissions were reported as approximately 67,000 kg CO2e, solely attributed to business travel. In 2022, Velesto's total emissions were approximately 55,421,000 kg CO2e, consisting of approximately 54,936,000 kg CO2e for Scope 1 and approximately 452,000 kg CO2e for Scope 2. Scope 3 emissions for this year were approximately 33,000 kg CO2e, attributed to business travel. Velesto has set near-term carbon emissions targets to be achieved by 2030, using 2021 as a baseline. The company aims for a 10% reduction in emissions intensity per operating day and a 30% reduction in emissions intensity per ringgit of revenue. Prior to 2022, emissions data reporting varied, with some years lacking full scope disclosure or detailed breakdowns. For instance, in 2021, total emissions were approximately 53,189,000 kg CO2e, entirely within Scope 1 and 2. In 2019 and 2018, total emissions were reported as approximately 1,311,000 kg CO2e and 1,432,000 kg CO2e, respectively, with limited scope specific data available. Emissions data for 2017 was approximately 1,461,000 kg CO2e. Velesto does not appear to cascade emissions data from a parent or related organisation.