- Slight increase in Scope 1 emissions due to increased company fleet of vehicles.
- Increased cost of gas, zinc, and labor.
- Supply chain disruptions and labor shortages (diminished in FY23).
Korvest Ltd (ABN 20 007 698 106)
Greenhouse gas emissions & sustainability report data
In its 2022-07-01 to 2023-06-30 reporting, Korvest Ltd (ABN 20 007 698 106) disclosed greenhouse gas emissions of 2.6K tCO2e/year (Scope 1 & 2 combined). By scope: Scope 1: 2.2K tCO2e/year; Scope 2: 411 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
2.6K tCO2e/year (Scope 1 & 2 combined)
2022-07-01 to 2023-06-30
Renewable Energy
22% (of factory power consumption)
of total energy
Energy Use
342.1 MWh/year (solar generated)
2022-07-01 to 2023-06-30
📊 Emissions by Scope (2022-07-01 to 2023-06-30)
| 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). | 2.2K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 411 tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced lost time injury frequency rate by 67%
- Reduced total injury rate by 44%
- Generated approximately 342.1MWh of electricity from solar power, contributing to approximately 22% of the factory’s overall power consumption and exporting nearly 100MWh to the grid.
- 21.9% reduction in Scope 2 CO2e emissions due to the full 12 months of generation by the Kilburn Warehouse solar installation
- Recycled approximately 45 tonnes of reclaimed zinc
🎯 Climate & Sustainability Targets
🔜 Short-term
- Implement mains gas savings opportunities at the Kilburn plant over the next 2 years.
🌱 ESG Focus Areas
SafetyEmployee health & wellbeingDiversity and InclusionEnvironmentGovernanceCompliance