OPENSYS (M) BERHAD
Malaysia | 0040.KL | Main
Reference
Report Year: 2023
Source Files: OpenSys-Annual_Report_2023.md
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Oversees implementation 🟢
- Addresses stakeholder issues 🟢
Reporting
Bursa Malaysia Guide, Integrated Report 🟢
GHG Accounting
OPENSYS (M) BERHAD demonstrates initial efforts in environmental sustainability through initiatives like buySolar, facilitating solar installations offsetting 8.11 tonnes of CO₂e, and purchasing 618 RECs to offset 394.90 tonnes of CO₂e from electricity use in 2023. However, GHG accounting is incomplete, with no specific data on Scope 1, 2, or 3 emissions, base year, or boundary definitions. The lack of third-party verification and adherence to global standards like GHG Protocol further limits credibility. The company could improve by establishing a comprehensive GHG inventory, adopting recognized frameworks, and seeking external assurance to enhance transparency and accountability in its environmental reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No specific data on Scope 1 emissions provided. |
| Scope2 | Not reported explicitly ⚠️ | Purchased 618 RECs to offset 394.90 tonnes of CO₂e from electricity. |
| Scope3 | Not reported ⚠️ | No data on Scope 3 emissions provided. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Not specified ⚠️
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- 618 RECs, 394.90 tCO₂e offset 🟢
- 8.11 tCO₂e offset via solar 🟢
- Recycled paper & parts 🟢
- buySolar platform 🌞
- Promotes RECs 🌱
Social Highlights
- 19 interns trained 🟢
- RM1,000 for recycling education 🟢
- 11.5% turnover rate 🟢
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable initiative by OPENSYS (M) BERHAD in embedding sustainability into its operations, particularly with the buySolar platform and renewable energy certificate purchases 🟢. The 2023 integrated report provides some quantifiable actions, such as offsetting 394.90 tonnes of CO₂e through RECs and facilitating solar installations. However, the report lacks depth in measurable outcomes for GHG emissions, with no detailed Scope 1, 2, or 3 data, and absence of third-party verification ⚠️. Forward-looking commitments are vague, with no specific targets like net-zero timelines. Generic statements about 'responsible practices' dominate without supporting evidence. To improve, the company should incorporate specific metrics, adopt global reporting frameworks like GRI or TCFD, and seek external assurance for credibility. This would transform a foundational report into a robust sustainability narrative.
Tags:
Looking for ESG Strategy & Improvement?
Disclaimer:
This is AI model generated summary based on certain rules set by Sustify.world perspective. If the reader finds the information is incorrect, they can always approach us by sending email admin@sustify.world.
Need Expert help?
Contact us TODAY for sustainability strategy, reporting, and outsourcing services.