- 10-year low revenue of RM296.4 million in FYE 2023.
- Loss before tax of RM6.1 million in FYE 2023.
- Lower revenue and PBT in the particleboard sector due to decreased average selling price, sales, and production volume, and increased electricity costs.
- Revenue drop of about 26.8% in the RTA sector due to weaker market sentiment and higher labor costs.
- Increased electricity costs due to the targeted ICPT imposed on non-domestic users.
- Weaker market sentiment impacting consumer demand and sales in the RTA sector.
- Higher labor costs due to the new minimum wage policy.
- Write-off of slow-moving inventories in the RTA sector.
- Increasing competition from imported mushrooms in the fungi cultivation sector.
HeveaBoard Berhad
Greenhouse gas emissions & sustainability report data
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.
Waste
43.9K kg of scheduled waste disposed
2023
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2022 | 3.3K tonnes/year reduction (from solar PV) |
| 2019 | 36.3K tonnes of CO2 prevented (stump chips only) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Installed rooftop solar PV systems with a total capacity to generate 4,536,000KWh of solar power annually, sufficient to power 1,100 households and contributing to a carbon reduction of 3,538 tonnes per year.
- 30% reduction in production output compared to 2022, resulting in almost RM1.0m in electricity cost savings and a reduction of 1.35 kWh/m3 on particleboard produced.
- Saved approximately 459,365kWh in electricity consumption through the use of absorption chillers, equivalent to 356 tonnes CO2e reduction.
- Utilized 607,480 litres of rainwater in 2023.
- Recovered 2,280 m2 of used sandpaper.
- Fungi cultivation sector uses 5 tonnes of rubber tree bark waste per day.
- Saved about 46,081kg of weight through the use of Click technology in 2023.
- Sold all spent mushroom substrate for recycling.
- Saved approximately 108 litres of hydraulic fluid per year through early leak detection.
🌱 ESG Focus Areas
Economic PerformanceCommunity EngagementSupply Chain ManagementAnti-CorruptionData Privacy and SecurityEmployee ManagementDiversityHealth and SafetyCustomer Health & SafetyEnergy ManagementWater & Effluent ManagementWaste ManagementEmissionsMaterials