- Labour constraints and high cost of business in Singapore
- Debt restructuring (completed in 2019)
- Climate-related risks (physical and transition risks)
- Significant increase in employee turnover in FY2023 (attributed to scaling down of operations)
Mencast Holdings Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Mencast Holdings Ltd. disclosed greenhouse gas emissions of 15.6K tCO2e/year. By scope: Scope 1: 1.5K + 575 + 311 = 2398 tCO2e/year; Scope 2: 3.0K tCO2e/year; Scope 3: 111 + 71 = 182 tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
15.6K tCO2e/year
2023
Water Usage
103.36 megalitres/year
2023
Waste
48% increase in hazardous waste collected compared to 2022 (quantified in report)
2023
Energy Use
7.1M kWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 1.5K + 575 + 311 = 2398 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 3.0K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 111 + 71 = 182 tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 15.6K tCO2e/year |
| 2022 | 14.2K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced GHG emission intensity (Scopes 1 to 3) to 0.0001 tonnes CO2 / S$ Revenue (maintained from 2022)
- Increased use of solar panels since 2016
- Improved waste treatment and disposal methods in accordance with regulatory requirements
- Improved material utilization and optimized energy consumption
🎯 Climate & Sustainability Targets
🔜 Short-term
- Maintain carbon emission intensity for FY2024
- Maintain energy intensity consumption for FY2024
- Zero fatalities for FY2024
- 50% reduction of man-days lost to injury in FY2024
- Zero incidents of bribery and corruption for FY2024
📅 Medium-term
- Enhance energy efficiency by reducing the impact of rising revenue on overall energy consumption
- Transition to renewable energy sources wherever possible
🔭 Long-term
- Continuously monitor and enhance understanding of emission profile to establish practical objectives to reduce carbon emissions
🌱 ESG Focus Areas
SustainabilityTechnology-led innovationAdditive manufacturingEfficient and capital light modelWaste managementEmployee wellbeingComplianceWater management