JAG BERHAD
Malaysia | 0024.KL | ACE
Reference
Report Year: 2023
Source Files: JAG-Annual_Report_2023.md
Sustainability Committee
Sustainability Committee (6 pax) 🟢
- Upholding standards 🟢
- Operational integration 🟢
Reporting
TCFD, Integrated Report 🟢
GHG Accounting
JAG Berhad demonstrates a commitment to reducing GHG emissions through initiatives like solar energy adoption and equipment conversion to natural gas and electric options. Key strengths include a 33% CO2 reduction via solar systems and a 49% reduction in manufacturing emissions by switching from diesel to natural gas. However, the report lacks detailed absolute emission figures for Scope 1 and Scope 2, and Scope 3 is entirely unreported. The absence of third-party verification and unspecified standards (e.g., GHG Protocol) limits credibility. Improvements are needed in providing comprehensive data, adopting recognized standards, and engaging external auditors for validation. Forward-looking targets aligned with Malaysia's 2050 net-zero goal are mentioned but lack specificity.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not explicitly quantified ⚠️ | Specific Scope 1 data not provided in absolute terms. |
| Scope2 | Not explicitly quantified ⚠️ | Specific Scope 2 data not provided in absolute terms. |
| Scope3 | Not reported ⚠️ | Scope 3 emissions not mentioned in the report. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Operational control 🟢
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- 33% reduction (solar) 🟢
- 49% reduction (natural gas) 🟢
- 36% reduction (forklifts) 🟢
- 74% less landfill waste 🟢
- Solar energy adopted 🌞
Social Highlights
- Zero fatalities 🟢
- 3,067 training hours 🟢
- RM98,000 invested 🟢
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable initiatives are evident in JAG Berhad’s 2023 Sustainability Report, particularly in quantifiable actions like a 33% CO2 reduction through solar energy and a 74% reduction in landfill waste 🟢. These metrics reflect a practical approach to environmental stewardship. However, the report falls short in providing comprehensive GHG data, with absolute emission figures missing for Scope 1 and 2, and no mention of Scope 3 ⚠️. The lack of third-party verification and adherence to recognized standards further undermines credibility. While forward-looking commitments align with Malaysia’s 2050 net-zero goal, they lack specific timelines or measurable targets. The social and governance sections also need deeper insights beyond training hours and safety stats. JAG could enhance its reporting by incorporating detailed emissions data, external validation, and clearer future commitments for a more robust sustainability narrative.
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