MI Technovation Bhd

Common Name
MI Technovation
Country
Malaysia
Sector
Technology
Industry
Semiconductor Equipment & Materials
Employees
N/A
Ticker
MI
Exchange
BURSA MALAYSIA
Description
Mi Technovation Bhd is a dynamic player in the technology sector, specializing in the development and manufacturing of semiconductor equipment. Primarily, the company serves the assembly and testing p...

MI Technovation's GHG Emissions Data Preview

In 2023, MI Technovation completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

MI Technovation has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind MI Technovation’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore MI Technovation’s data sources below and access millions more through our Disclosure Search.

a. MI Technovation's Sustainability Report 2023
a. MI Technovation's Sustainability Report 2023

Insights into MI Technovation's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of MI Technovation amounted to 3,683.596 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of MI Technovation decreased by 6.9%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

MI Technovation's Scope 1 Emissions Over Time

202120222023020406080tCO2e+31%-13%
  • Total Scope 1
  • Year-over-Year Change

What are MI Technovation's Scope 1 emissions?

In 2023, the total Scope 1 emissions of MI Technovation were 67.786 metric tons of CO₂ equivalent (tCO₂e). a

Has MI Technovation reduced its Scope 1 emissions over time?

Since 2021, MI Technovation's Scope 1 emissions have increased by 14.07%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), MI Technovation's Scope 1 emissions decreased by 12.96%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are MI Technovation's Scope 2 emissions?

In 2023, MI Technovation reported Scope 2 greenhouse gas (GHG) emissions of 3,615.809 tCO₂e without specifying the calculation method. a

Has MI Technovation reduced its Scope 2 emissions over time?

Since 2021, MI Technovation's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have decreased by 18.62%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), MI Technovation's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that MI Technovation 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does MI Technovation use for Scope 2 reporting?

In 2023, MI Technovation reported its Scope 2 emissions using an unspecified methodology. a

MI Technovation's Scope 2 Emissions Over Time

20212022202301.5 k3 k4.5 k6 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into MI Technovation's Value Chain Emissions

In 2023, MI Technovation reported 4,659.049 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2023 disclosure of MI Technovation includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

MI Technovation's Scope 3 Emissions Over Time

20212022202302 k4 k6 k8 ktCO2e+16%-28%
  • Total Scope 3
  • Year-over-Year Change

What are MI Technovation's Scope 3 emissions?

In 2023, MI Technovation reported total Scope 3 emissions of 4,659.049 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has MI Technovation reduced its Scope 3 emissions over time?

Since 2021, MI Technovation's Scope 3 emissions have decreased by 16.69%, reflecting a declining long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), MI Technovation's Scope 3 emissions decreased by 27.92%, highlighting the company's efforts to lower indirect emissions from its value chain. a

What categories of Scope 3 emissions does MI Technovation disclose?

In 2023, MI Technovation reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of MI Technovation's Scope 3 emissions?

In 2023, the largest contributors to MI Technovation's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 4,482.4 tCO₂e (96.21%)
  • Employee Commuting (Cat. 7): 93.229 tCO₂e (2%)
  • Business Travel (Cat. 6): 60.932 tCO₂e (1.31%)

MI Technovation's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(1.3%)Employee Commuting(Cat. 7)(2.0%)Purchased Goods andServices (Cat. 1)(96.2%)

Insights into MI Technovation’s GHG Emissions Intensity Compared to Industry Peers

In 2023, MI Technovation reported Scope 1 greenhouse gas (GHG) emissions of 67.786 tCO₂e and total revenues of USD 77 millions. This translates into an emissions intensity of 0.88 tCO₂e per millions USD. a

MI Technovation's Scope 1 Emissions Intensity Compared to Peers

2502,00050,0002,000,000Scope 1 Emissions (tCO2e)202002,00010,00050,000Revenues (Millions of USD)TPFASDIYear: 2023Scope 1: 2,237 tCO2eRevenue: $M 354Scope 1 Intensity: 6.32 tCO2e/$MD & O Green TechnologiesYear: 2023Scope 1: 46 tCO2eRevenue: $M 221Scope 1 Intensity: 0.21 tCO2e/$MViTroxYear: 2023Scope 1: 23 tCO2eRevenue: $M 125Scope 1 Intensity: 0.18 tCO2e/$MLasertecYear: 2024Scope 1: 29 tCO2eRevenue: $M 1,330Scope 1 Intensity: 0.02 tCO2e/$MTong HsingYear: 2023Scope 1: 718 tCO2eRevenue: $M 378Scope 1 Intensity: 1.90 tCO2e/$MTTTCL Technology GroupYear: 2023Scope 1: 465,556 tCO2eRevenue: $M 24,546Scope 1 Intensity: 18.97 tCO2e/$MTokyo ElectronYear: 2024Scope 1: 21,000 tCO2eRevenue: $M 12,088Scope 1 Intensity: 1.74 tCO2e/$MPPPiotechYear: 2023Scope 1: 11,415 tCO2eRevenue: $M 381Scope 1 Intensity: 29.99 tCO2e/$MASMPTYear: 2024Scope 1: 1,100 tCO2eRevenue: $M 1,703Scope 1 Intensity: 0.65 tCO2e/$MFormFactorYear: 2020Scope 1: 6,188 tCO2eRevenue: $M 694Scope 1 Intensity: 8.92 tCO2e/$MFFFoxsemicon Integrated TechnologyYear: 2023Scope 1: 469 tCO2eRevenue: $M 425Scope 1 Intensity: 1.10 tCO2e/$MGreatek ElectronicsYear: 2023Scope 1: 1,687 tCO2eRevenue: $M 442Scope 1 Intensity: 3.81 tCO2e/$MAnji MicroelectronicsYear: 2023Scope 1: 3 tCO2eRevenue: $M 174Scope 1 Intensity: 0.02 tCO2e/$MDiscoYear: 2024Scope 1: 6,525 tCO2eRevenue: $M 2,031Scope 1 Intensity: 3.21 tCO2e/$MAAACM Research ShanghaiYear: 2024Scope 1: 35 tCO2eRevenue: $M 771Scope 1 Intensity: 0.05 tCO2e/$MBE Semiconductor IndustriesYear: 2024Scope 1: 165 tCO2eRevenue: $M 632Scope 1 Intensity: 0.26 tCO2e/$MSigurd MicroelectronicsYear: 2023Scope 1: 515 tCO2eRevenue: $M 505Scope 1 Intensity: 1.02 tCO2e/$MSoitecYear: 2024Scope 1: 4,615 tCO2eRevenue: $M 1,056Scope 1 Intensity: 4.37 tCO2e/$MInari AmertronYear: 2023Scope 1: 314 tCO2eRevenue: $M 290Scope 1 Intensity: 1.08 tCO2e/$MSumcoYear: 2023Scope 1: 33,000 tCO2eRevenue: $M 3,012Scope 1 Intensity: 10.96 tCO2e/$MApplied MaterialsYear: 2023Scope 1: 49,053 tCO2eRevenue: $M 26,517Scope 1 Intensity: 1.85 tCO2e/$MMI TechnovationYear: 2023Scope 1: 68 tCO2eRevenue: $M 77Scope 1 Intensity: 0.88 tCO2e/$M

How does MI Technovation's GHG emissions intensity compare to its peers?

In 2023, MI Technovation reported a Scope 1 emissions intensity of 0.88 tCO₂e per millions USD. Compared to the peer group median of 1.74 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does MI Technovation rank on GHG emissions intensity within its industry?

In 2023, MI Technovation ranked 8 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

MI Technovation is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into MI Technovation's Total Carbon Footprint

In 2023, MI Technovation reported a total carbon footprint of 8,342.645 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 19.94% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to MI Technovation's total carbon footprint was Scope 3 emissions, accounting for 55.85% of the company's total carbon footprint, followed by Scope 2 emissions at 43.34%. a

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