- Geopolitical tensions
- Macroeconomic challenges
- Extended normalization of product inventory levels in the semiconductor and electronics industries
- Supply chain disruptions
- Rising energy costs
- Increased cost of monitoring and compliance
- Heightened expectations for ESG from stakeholders
- Climate-related risks (extreme weather, regulatory changes)
Grand Venture Technology Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Grand Venture Technology Limited disclosed greenhouse gas emissions of 7.1K tCO2e/year (Scope 1 & 2). By scope: Scope 2: 7.1K 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
7.1K tCO2e/year (Scope 1 & 2)
2023
Renewable Energy
13.8% of total energy use (FY2023)
of total energy
Energy Use
63.0K GJ/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 7.1K 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 | 7.1K tCO2e/year (Scope 1 & 2) |
| 2022 | 2.3K tCO2e (Scope 2 Singapore); 8554 tCO2e (Scope 2 Malaysia); 3923 tCO2e (Scope 2 China) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Installation of solar panels to subsidise energy consumption
- Reduction in Scope 2 emissions in FY2023
- 13.8% of electricity from REC in FY2023
🎯 Climate & Sustainability Targets
🔜 Short-term
- Maintain zero cases of corruption and biased/unfair practices
- Maintain at least 10% renewable energy for electricity
📅 Medium-term
- Achieve at least 20% women representation on the Board by 2030
- Address metrics on productivity loss, asset loss, fines/fees related to climate change
🔭 Long-term
- Renewable energy subsidising at least 15% of Group's energy consumption by 2050
- Achieve net-zero emissions by 2050
🌱 ESG Focus Areas
Climate ChangeDiversity & InclusionGovernanceOccupational Health and SafetyEconomic PerformanceAnti-CorruptionEnergyEmissionsEmployee Well-beingCustomer PrivacyLabor/Management Relations