HEXTAR CAPITAL BERHAD
Malaysia | 0035.KL | ACE
Reference
Report Year: 2024
Source Files: HCB_-_AR_2024_-_PART_2.pdf
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
Bursa Securities Guide, UNSDG, Integrated Report 🟢
GHG Accounting
HEXTAR CAPITAL BERHAD has committed to achieving Net Zero Carbon Emissions by 2050, aligning with Malaysia's national aspirations. However, the report lacks detailed GHG accounting data for Scope 1, 2, and 3 emissions, with no base year, GWP basis, or specific standards disclosed. The company has initiated monitoring and data collection in FY2024, which is a positive step, but lacks third-party verification or carbon intensity metrics. The boundary is clearly defined using an operational control approach, covering only directly controlled operations in Malaysia. To strengthen its GHG reporting, HEXTAR should provide absolute emission figures, adopt recognized standards like GHG Protocol, and pursue verification for credibility.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data provided for Scope 1 emissions. |
| Scope2 | Not reported ⚠️ | No data provided for Scope 2 emissions. |
| Scope3 | Not reported ⚠️ | No data provided for Scope 3 emissions. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Operational control approach 🟢
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Third party verification: Not mentioned ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Net Zero by 2050 🟢
- 3R concept adopted 🟢
- Energy management strategies 🌞
- 86% local sourcing 🌱
Social Highlights
- RM5,000 for education 🟢
- 4 interns trained 🟢
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable intent is evident in HEXTAR CAPITAL BERHAD's sustainability report for FY2024, with a clear commitment to Net Zero by 2050 and alignment with national goals 🟢. The integrated report adheres to the Bursa Securities Sustainability Reporting Guide and references UNSDG, providing a structured framework. However, the report lacks quantifiable actions and measurable outcomes for key areas like GHG emissions, with no data on Scopes 1, 2, or 3 ⚠️. While initiatives like local sourcing (86% of purchases) and community contributions (RM5,000 for education) are positive, the content often remains generic, with statements like 'committed to sustainability' lacking supporting evidence. Forward-looking goals are present, but specific targets and timelines are still under development. To enhance credibility, HEXTAR should incorporate third-party verification, detailed metrics, and clearer progress tracking for a more impactful report.
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