GFM SERVICES BERHAD
Malaysia | 0039.KL | Main
Reference
Report Year: 2023
Source Files:
Sustainability Committee
Sustainability Committee (Members: Unknown) 🟢
- Quarterly meetings 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
GFM Services Berhad's 2023 sustainability report lacks detailed GHG accounting data, with no reporting on Scope 1, 2, or 3 emissions. There is no mention of a base year, boundary, inventory, or GWP basis, and the standard used for emissions accounting remains unspecified. Additionally, third-party verification is absent, which undermines the credibility of any environmental claims. While water usage is reported (1.46 megalitres), it is not tied to emissions or broader environmental impact metrics. The report could improve by establishing a comprehensive GHG inventory, adopting a recognized standard like the GHG Protocol, and pursuing third-party verification to enhance transparency and accountability in environmental performance tracking.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | Scope 1 emissions data unavailable in the report. |
| Scope2 | Not reported ⚠️ | Scope 2 emissions data unavailable in the report. |
| Scope3 | Not reported ⚠️ | Scope 3 emissions data unavailable in the report. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
Efforts
- 1.46 ML water used →
Social Highlights
- RM 34,000 community investment 🟢
- 1,200 beneficiaries 🟢
- 179 employees trained 🟢
- 11,648 training hours 🟢
- 50 employees screened 🟢
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable social initiatives are evident in GFM Services Berhad’s 2023 sustainability report, with quantifiable actions such as RM 34,000 invested in community projects benefiting 1,200 individuals and 11,648 training hours for employees 🟢. However, the report falls short on environmental metrics, lacking data on GHG emissions, verification, or forward-looking commitments like net-zero targets ⚠️. While it aligns with Bursa Malaysia’s sustainability matters and GRI guidelines, much of the content remains generic, with statements like 'committed to sustainability' unsupported by measurable outcomes. To improve, GFM should prioritize detailed GHG accounting, adopt third-party verification, and include specific environmental targets. This would elevate the report from a foundational effort to a robust tool for stakeholder accountability and trust-building.
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