HONG SENG CONSOLIDATED BERHAD
Malaysia | 0041.KL | Main
Reference
Report Year: 2024
Source Files: Hong_Seng_-_Annual_Report_2024_(part_A).pdf
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Audit Committee oversight 🟢
- Supported by SWG 🟢
Reporting
Bursa Malaysia Guidelines, UNSDG, Integrated Report 🟢
GHG Accounting
Hong Seng Consolidated Berhad's sustainability report for 2024 lacks detailed GHG accounting data. There is no reporting on Scope 1, 2, or 3 emissions, nor information on base year, boundary, or inventory. The absence of a specified standard (e.g., GHG Protocol) and third-party verification further limits credibility. While the report acknowledges challenges in data collection and a commitment to improvement, actionable metrics are missing. A key improvement area is to establish a comprehensive GHG inventory with clear methodologies and external assurance to enhance transparency. Additionally, reporting on carbon intensity could provide deeper insights into environmental impact relative to business operations.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data on Scope 1 emissions provided. |
| Scope2 | Not reported ⚠️ | No data on Scope 2 emissions provided. |
| 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 reported ⚠️
- Boundary inventory: Not reported ⚠️
- Gwp basis: Not reported ⚠️
- Standard: Not reported ⚠️
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- No data ⚠️
- No data ⚠️
- No data ⚠️
- No data ⚠️
Social Highlights
- Employee well-being prioritized 🥗
- Diversity & inclusion emphasized 🥗
- Limited data available ⚠️ (No quantifiable social impact metrics provided.)
- Limited data available ⚠️ (No quantifiable social impact metrics provided.)
- Limited data available ⚠️ (No quantifiable social impact metrics provided.)
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Foundational Effort with Room for Growth 🟢. Hong Seng Consolidated Berhad’s 2024 sustainability report provides a starting point by integrating sustainability into its governance structure through the Audit Committee and Sustainability Working Group. The alignment with Bursa Malaysia Guidelines and UNSDG is a positive step. However, the report lacks quantifiable actions and measurable outcomes ⚠️, particularly in GHG emissions, waste management, and social impact metrics. Statements like 'committed to sustainability' remain generic without supporting data or evidence. There are no forward-looking commitments, such as net-zero targets or specific reduction goals, which limits the report’s depth. To improve, Hong Seng should focus on collecting and reporting specific data, incorporating third-party verification, and outlining clear, time-bound sustainability targets. This would enhance credibility and provide stakeholders with actionable insights into the company’s progress.
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