Velesto Sustainability Profile

In 2024, Velesto Energy Berhad, headquartered in Malaysia, reported total carbon emissions of approximately 64,000,000 kg CO2e. This figure includes 62,264,000 kg CO2e from Scope 1 emissions, primarily from direct operations, 609,000 kg CO2e from Scope 2 emissions related to purchased electricity, and 1,121,000 kg CO2e from Scope 3 emissions, which encompass business travel. Comparatively, in 2023, Velesto's emissions were about 63,469,000 kg CO2e, with Scope 1 emissions at 63,469,000 kg CO2e, Scope 2 emissions at 477,000 kg CO2e, and Scope 3 emissions at 67,000 kg CO2e. The data indicates a slight reduction in Scope 1 emissions from 2023 to 2024. For 2022, the company reported total emissions of approximately 54,936,000 kg CO2e, with Scope 1 emissions at 54,936,000 kg CO2e, Scope 2 emissions at 452,000 kg CO2e, and Scope 3 emissions at 33,000 kg CO2e. This trend shows a general increase in emissions over the years, highlighting the need for enhanced climate commitments. Velesto has not established specific reduction targets or initiatives, nor does it participate in the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction strategies suggests a potential area for improvement in their climate action framework. Overall, Velesto's emissions data reflects the company's operational impact on climate change, with significant Scope 1 emissions dominating their carbon footprint. The lack of reduction targets indicates an opportunity for Velesto to enhance its sustainability efforts and align with industry standards for climate commitments.