- Increased carbon pricing and evolving sustainability reporting requirements could translate to higher compliance costs.
- Unfamiliarity with novel technology and solutions necessitates careful navigation when investing in alternative and energy-efficient machinery.
- Logistics disruption, supply chain interruption and closure resulting from extreme weather events.
- Changing consumer preferences amidst the growing urgency surrounding environmental sustainability. Consumers’ likelihood to switch to competitors offering more sustainable solutions could erode our market share.
- Implementation of Extended Producer Responsibility and the trend towards non-packaging solutions impact our traditional revenue streams.
New Toyo International Holdings Ltd
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, New Toyo International Holdings Ltd disclosed greenhouse gas emissions of 146.6K tCO2e/year. By scope: Scope 1: 1.6K tCO2e/year; Scope 2: 3.8K tCO2e/year; Scope 3: 141.2K 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
146.6K tCO2e/year
2023
Renewable Energy
1%
of total energy
Water Usage
19.4 Ml/year
2023
Waste
1.7K tons/year
2023
Energy Use
42.4K GJ/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). | 1.6K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 3.8K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 141.2K 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 | 146.6K tCO2e/year |
| 2022 | 5.4K tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 6% reduction in total energy consumption compared to FY2022
- 9% reduction in Scope 1 and 2 absolute emissions compared to FY2022
- 2.3% reduction in water withdrawal compared to FY2022
- 100% recycling rate for Non-Hazardous Waste and 93% recycling rate for total waste generated
- 0.053 ton/ton waste intensity per production volume compared to FY2022’s 0.058 ton/ton
- 2% increase in the proportion of renewable materials used compared to FY2022
🎯 Climate & Sustainability Targets
📅 Medium-term
- 50% reduction in Scope 1 & 2 emissions intensity by 2030
- 30% energy from renewable sources by 2030
- 25% reduction in total waste generated by 2030
- 35% reduction in total water withdrawn by 2030
- Net zero deforestation of managed forests in our supply chain and net positive impact on forests in our supply chain by 2030
🔭 Long-term
- Carbon Neutral by 2040 (Absolute Scope 1 and 2 emissions)
- Net zero emissions by 2050 (Absolute Scope 1 and 2 emissions)
- Zero accidents Group-wide each year
🌱 ESG Focus Areas
Climate ChangeEnergy EfficiencyWater SecurityBiodiversityWaste ManagementSupplier SustainabilityProduct QualityAnti-CorruptionEmployee Well-beingDiversity & InclusionCommunity EngagementGovernance