Westports Holdings
Westports Holdings Berhad, headquartered in Malaysia, is a prominent player in the financial intermediation services sector, specifically excluding insurance and pension funding services. Established in 1994, the company has achieved significant milestones, positioning itself as a leader in the industry.
Westports Holdings primarily focuses on providing comprehensive financial intermediation solutions, catering to a diverse clientele across major operational regions in Southeast Asia. Its unique offerings include innovative financial products and services that streamline transactions and enhance client engagement.
Recognised for its robust market position, Westports Holdings has garnered accolades for its commitment to excellence and operational efficiency, solidifying its reputation as a trusted partner in the financial services landscape.
+29 vs industry average
Westports Holdings’s score of 64 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Westports Holdings's reported carbon emissions
Westports Holdings, headquartered in Malaysia and operating in financial intermediation services, except insurance and pension funding services, has outlined significant climate commitments. The company targets a 30% reduction in net CO2e (Scope 1) per TEU emission intensity by 2035, using 2021 as its base year. Furthermore, Westports is committed to achieving net-zero carbon emissions for Scope 1 operations by 2050, aligning with Malaysia's national net-zero target. Interim milestones include a net CO2e/TEU of 14.4kg by 2030 and 12.8kg by 2035, with a long-term aim of less than 6.0kg by 2050, building on a 2021 base year intensity of 18.33kg.
In terms of reported emissions, for the reporting year 2025, Westports Holdings reported total emissions of approximately 171.2 million kg CO2e. This figure comprises Scope 1 emissions of approximately 136.5 million kg CO2e, Scope 2 emissions of approximately 34.9 million kg CO2e, and Scope 3 emissions of approximately 67.3 million kg CO2e.
For the reporting year 2024, total emissions were approximately 176.7 million kg CO2e. This includes Scope 1 emissions of around 134.6 million kg CO2e, Scope 2 emissions of about 42.2 million kg CO2e, and Scope 3 emissions of approximately 70.4 million kg CO2e.
In 2023, total emissions were reported as approximately 176.8 million kg CO2e, with Scope 1 at about 133.9 million kg CO2e, Scope 2 at approximately 43.0 million kg CO2e, and Scope 3 at about 37.1 million kg CO2e.
For the reporting year 2022, total emissions were approximately 180.3 million kg CO2e. This consisted of Scope 1 emissions of approximately 131.9 million kg CO2e and Scope 2 emissions of approximately 48.4 million kg CO2e. Scope 3 emissions for this year were approximately 8.2 million kg CO2e.
In 2021, Westports Holdings reported total emissions of approximately 233.1 million kg CO2e for Scope 1 and 2 combined, with Scope 1 emissions at about 4.0 million kg CO2e and Scope 2 emissions at approximately 97.3 million kg CO2e. Scope 3 emissions for this year were approximately 4.4 million kg CO2e.
For 2020, Scope 1 emissions were approximately 133.6 million kg CO2e, and Scope 2 emissions were approximately 70.1 million kg CO2e. Scope 3 emissions for this year were approximately 8.9 million kg CO2e.
In 2019, Scope 1 emissions were approximately 133.1 million kg CO2e and Scope 2 emissions were approximately 59.3 million kg CO2e. Scope 3 data was not disclosed for this year.
For 2018, Scope 1 emissions amounted to approximately 121.9 million kg CO2e, and Scope 2 emissions were approximately 56.8 million kg CO2e. Scope 3 data was not disclosed for this year.
In 2017, Scope 1 emissions were approximately 116.4 million kg CO2e, and Scope 2 emissions were approximately 67.2 million kg CO2e. Scope 3 emissions, specifically business travel, were approximately 0.3 million kg CO2e.
For 2016, Scope 1 emissions were approximately 118.8 million kg CO2e, and Scope 2 emissions were approximately 70.1 million kg CO2e. Scope 3 emissions, specifically business travel, were approximately 0.1 million kg CO2e.
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Westports Holdings’s Climate Goals (2030 & 2050)
1 goal2050
30% reduction in all scopes
Westports targets 30% reduction in net CO2e (Scope 1) per TEU emission intensity by 2035 (base year 2021) and commits to achieving Scope 1 o…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 1 climate goals
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Scope 3 top emissions categories
10 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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