- Decline in revenues at Aircon and Engineering Division (5% decrease compared to 2022).
- Delays in some projects.
- High interest rates and business costs.
- Weak consumer confidence.
- Stiff competition in the ACMV industry.
- Escalating raw material prices and labor shortages in Paint and Coatings Division.
- Losses in Huat Kueh business (Hong Huat) in F&B Division.
NATURAL COOL HOLDINGS LIMITED
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, NATURAL COOL HOLDINGS LIMITED disclosed greenhouse gas emissions of 7.1K tCO2e. By scope: Scope 1: 6.3K tCO2e; Scope 2: 801 tCO2e. 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
2023
Water Usage
24.9K m3
2023
Energy Use
104.6K GJ
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). | 6.3K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 801 tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Replaced less energy-efficient and obsolete cargo lift with modern lifts, leading to electricity savings.
- 19% of Aircon and Engineering Division's vehicle fleet transitioned to EVs by 31 December 2023.
- Invested in EV charging points at premises.
- 3,243 used refrigerant gas cylinders recycled (2022: 2,511).
- 2,128 liters of used cooking oil collected and processed (2022: Not available).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Maintain or reduce GHG emissions intensity.
- 5% increase in number of gas cylinders recycled.
- Maintain or reduce water consumption intensity.
- Maintain overall turnover rate at 20% or less.
- Achieve an average of 5 training hours per employee.
📅 Medium-term
- Reduce absolute Scope 1 and Scope 2 GHG emissions by 30% by FY2035 (FY2022 as baseline).
🌱 ESG Focus Areas
Sustainable Business PerformanceTotal Customer SatisfactionWater ConservationEnergy conservation and GHG emissions reductionWaste managementEmploymentEmployee developmentOccupational health and safetyOngoing community engagementCorporate governance and code of ethics