Fgv Holdings
FGV Holdings Berhad, commonly referred to as FGV, is a leading player in the agribusiness sector, headquartered in Malaysia. Established in 2012, FGV has rapidly evolved into a significant force in the palm oil industry, with extensive operations across Southeast Asia and beyond. The company is renowned for its sustainable practices and innovative approaches in oil palm cultivation, processing, and distribution. FGV's core offerings include crude palm oil, palm kernel oil, and various downstream products, all distinguished by their commitment to quality and sustainability. With a strong market position, FGV has achieved notable milestones, including certifications for sustainable palm oil production, reinforcing its reputation as a responsible industry leader. As a key contributor to Malaysia's economy, FGV Holdings continues to set benchmarks in the agribusiness landscape.
DitchCarbon Score
How does Fgv Holdings'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 Food Product Manufacturing 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
Fgv Holdings's score of 38 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Fgv Holdings's reported carbon emissions
In 2019, FGV Holdings, headquartered in Malaysia, reported significant greenhouse gas emissions totalling approximately 190,260,000 kg CO2e for Scope 1 and about 88,775,000 kg CO2e for Scope 2. This marked an increase from 2018, where emissions were approximately 162,570,000 kg CO2e for Scope 1 and about 85,518,000 kg CO2e for Scope 2. The company has set ambitious climate commitments, aiming for a 46.2% reduction in absolute Scope 1 and 2 emissions by 2030, based on 2019 levels. Furthermore, FGV Holdings is committed to achieving net-zero emissions across its entire value chain by 2050. In terms of long-term targets, FGV Holdings aims to reduce its absolute Scope 1 and 2 emissions by 90% by 2050. The company has also established near-term targets to cut Scope 3 emissions by 46.2% by 2030, which includes emissions from purchased goods and services, fuel- and energy-related activities, and other categories. Additionally, FGV Holdings has pledged to eliminate deforestation linked to its primary commodities by December 31, 2025. These commitments align with global climate action goals, including the Sustainable Development Goal 13 and Malaysia's target to reduce greenhouse gas emissions by 45% by 2030 under the Paris Agreement. FGV Holdings is actively working towards these targets, demonstrating a strong commitment to sustainability and climate responsibility.
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| 2017 | 2018 | 2019 | |
|---|---|---|---|
| Scope 1 | 11,178,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 91,211,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Fgv Holdings is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
