- Slowdown in the economy due to inflation and high interest rates affecting consumer sentiment.
- Higher product costs due to Ringgit Malaysia depreciation.
- Higher business operating costs due to minimum wage requirements and increased global oil and food prices.
- Need to clear stockpiles built up during the pandemic.
- Higher marketing expenditure.
- Stiff competition in the electrical household appliances market.
- Gloomy rental outlook for commercial properties due to economic slowdown and oversupply.
Fiamma Holdings Berhad
Greenhouse gas emissions & sustainability report data
In its 2022-10 to 2023-12 reporting, Fiamma Holdings Berhad disclosed greenhouse gas emissions of 795.45 tCO2e/year (Scope 1 & 2). By scope: Scope 1: 74.92 tCO2e/year; Scope 2: 720.52 tCO2e/year; Scope 3: 1.4K tCO2e/year (business travel and employee commuting). 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
795.45 tCO2e/year (Scope 1 & 2)
2022-10 to 2023-12
Water Usage
9.7K m3/year
2022-10 to 2023-12
Waste
92.3 tons/year
2022-10 to 2023-12
Energy Use
1.3K MWh/year
2022-10 to 2023-12
📊 Emissions by Scope (2022-10 to 2023-12)
| 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). | 74.92 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 720.52 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 1.4K tCO2e/year (business travel and employee commuting) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced waste generation through digitalization, with 80.9 tonnes of 92.3 tonnes of waste reused and recycled in FPE2023.
- All products governed under the Electricity Regulations 1994 and its subsequent amendments have obtained the necessary energy efficiency rating and display the required MEPS Star Rating label.
🌱 ESG Focus Areas
Ethical Business PracticesProduct and Customer Service QualitySupply Chain ManagementEmployee DevelopmentTalent DevelopmentContribution to CommunityEmissionsEnergy ManagementWaste ManagementWater UseOccupational Safety and HealthFair and Equitable Treatment of Employees