MAS Holdings has announced its commitment to achieving net zero greenhouse gas emissions by 2048, following the validation of its Net-Zero and Near-Term targets by the Science Based Targets initiative (SBTi). The move marks a major milestone in the MAS Plan for Change, the group’s global sustainability strategy.

The SBTi approval confirms that MAS’ targets align with the SBTi Corporate Net-Zero Standard, ensuring consistency with limiting global temperature rise to 1.5°C above pre-industrial levels.

“Today’s climate disruptions remind us that our ability to thrive tomorrow depends on how boldly we act now,” said Suren Fernando, Chief Executive Officer of MAS Holdings. “The approval of our goals by SBTi is pivotal to our climate journey and an affirmation of the real action we are taking to protect the planet while safeguarding our business and livelihoods within our ecosystem.”

MAS has pledged to cut absolute Scope 1 and 2 emissions by 80% by 2030 compared with 2019 levels, while reducing Scope 3 emissions by 46.2% over the same period. By 2040, Scope 1 and 2 emissions are to be reduced by 90%, with Scope 3 emissions following by 2048. These targets also cover land-related emissions and removals from bioenergy feedstocks, in line with SBTi guidance.

The company’s Plan for Change sets goals across three key areas – Product, Lives and Planet – with measurable commitments to reimagine design, enhance social impact, and reduce environmental footprint.

MAS Holdings is one of South Asia’s largest apparel and textile manufacturers, employing more than 100,000 people across 13 countries. Its portfolio includes intimate wear, sportswear, athleisure and swimwear, with growing ventures in FemTech, wearable technology, logistics and fabric parks.

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