New Toyo International Holdings (N08) H2 2024 earnings summary

Executive summary

• FY2024 Scope 1 and 2 emissions fell 51.3% YoY; renewable energy supplied 71% of energy consumption, while Scope 3 represented 98% of total GHG emissions.

• Total GHG emissions were 140,720 tCO₂e; the expanded Scope 3 inventory covered 10 categories and recorded 138,340 tCO₂e.

• Waste recycling reached 78.7%; work-related injuries fell 12.5% versus 2023, and female representation in management was 54%.

Financial highlights

• ~20% of revenue was distributed to stakeholders: 9% to employees, 1% to governments and 3% to capital providers; 6% of revenue was retained.

Outlook and guidance

• Targets include 50% lower Scope 1 and 2 emissions intensity by 2030 from a 2023 baseline, 30% renewable energy by 2030, carbon neutrality by 2040 and net zero emissions by 2050.

• Water withdrawal target: reduce 35% by 2030; waste target: reduce 25% by 2030.

• FY2025 sustainability reporting will align with IFRS S1 and S2; planned work includes incorporating Tien Wah Press Holdings, double materiality, SASB Containers and Packaging standards and SBTi target validation.

• The decarbonisation roadmap prioritises renewable electricity, supplier engagement, product redesign and operational efficiency; purchased goods and services account for 50.1% of Scope 3 emissions.