- High Scope 2 GHG emissions due to reliance on grid electricity.
- Managing water usage intensity across sites, particularly in areas with water stress.
- Improving data accuracy for waste management practices.
- Maintaining a low rate of recordable work-related injuries (1.12 in 2023).
Venture Corporation Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Venture Corporation Limited disclosed greenhouse gas emissions of 78.5K tCO2e (market-based Scope 1 & 2). By scope: Scope 1: 2.7K tCO2e; Scope 2: 75.8K tCO2e (market-based). 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
78.5K tCO2e (market-based Scope 1 & 2)
2023
Water Usage
722 mL
2023
Waste
4.6K tons
2023
Energy Use
128.8K MWh
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). | 2.7K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 75.8K tCO2e (market-based) |
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 | 78.5K tCO2e (market-based Scope 1 & 2) |
| 2022 | 1.4M tCO2e/year (Scope 1 and 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced Scope 1 and Scope 2 market-based GHG emissions by 17% from 94,432 tCO2e in 2022 to 78,462 tCO2e in 2023.
- Reduced total electricity consumption by 8.3% to 128,751 MWh in 2023 from 140,377 MWh in 2022.
- Ang Mo Kio site uses renewable energy from Senoko Power; Jurong, Marsiling and Woodlands sites switched to renewable energy progressively in the second half of 2023.
- Penang site installed solar panels.
- Implemented energy efficiency improvements across multiple sites (e.g., energy-efficient air conditioning, LED lights, optimized equipment usage).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Milpitas site to obtain ISO 14001 certification in 2024.
📅 Medium-term
- 42% reduction in Scope 1 and 2 GHG emissions by 2030 (from a 2022 baseline).
🔭 Long-term
- Net zero GHG emissions by 2050.
🌱 ESG Focus Areas
Climate ChangeSupply Chain ManagementGovernanceOccupational Health and SafetyDiversity and InclusionHuman RightsData Privacy