XOX TECHNOLOGY BERHAD
Malaysia | 0017.KL | ACE
Reference
Report Year: 2024
Source Files: XOX_Tech_-_Annual_Report_2024.md
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
Bursa Malaysia Sustainability Reporting Guide, Integrated Report 🟢
GHG Accounting
XOX Technology Berhad's GHG accounting in 2024 is notably underdeveloped. The report mentions electricity consumption of 22,806 kWh but lacks specific GHG emission data for Scope 1, 2, or 3. There is no mention of a base year, boundary, or inventory details, nor any reference to standards like GHG Protocol or third-party verification. While the company expresses a commitment to reducing its carbon footprint through energy-efficient technologies, the absence of quantifiable emission metrics limits transparency. Improvements are needed in establishing a clear GHG inventory, adopting recognized standards, and providing detailed Scope data to enhance credibility and accountability in environmental reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | Scope 1 emissions data not provided. |
| Scope2 | Not reported ⚠️ | Scope 2 emissions data not provided. Electricity consumption reported as 22,806 kWh. |
| Scope3 | Not reported ⚠️ | Scope 3 emissions data not provided. |
Other Details
- Base year: Not reported ⚠️
- Boundary inventory: Not reported ⚠️
- Gwp basis: Not reported ⚠️
- Standard: Not reported ⚠️
- Data collection approach: Not reported ⚠️
- Third party verification: Not reported ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Energy-efficient LED screens 🟢
- Recyclable materials used 🟢
- Energy-efficient servers 🌞
- Sustainable office practices 🌱
Social Highlights
- 132 hours of training 🟢
- 100% anti-corruption training 🟢
- RM500 charity donation 🥗
- 40 staff, 23% female 🟢
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable initial effort by XOX Technology Berhad in presenting an integrated sustainability statement for 2024 🟢. The report outlines a broad commitment to EESG (Economic, Environmental, Social, Governance) pillars and includes some quantifiable actions, such as 132 hours of employee training and 100% anti-corruption training completion. However, it falls short on measurable outcomes for environmental impacts, particularly GHG emissions, with no detailed data on Scope 1, 2, or 3 emissions ⚠️. Much of the content remains generic, with statements like 'committed to sustainability' lacking specific evidence or forward-looking targets. The absence of a sustainability committee and third-party verification further limits credibility. To improve, the company should incorporate specific emission reduction targets, establish a dedicated committee, and adopt globally recognized frameworks like GRI or TCFD for enhanced transparency and accountability.
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