METRONIC GLOBAL BERHAD
Malaysia | 0043.KL | Main
Reference
Report Year: 2024
Source Files: Metronic_-_Annual_Report_2024_(Part_1).pdf
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Quarterly meetings 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
METRONIC GLOBAL BERHAD demonstrates a foundational approach to GHG accounting with Scope 1 and Scope 2 emissions reported for FY2024 at 140.62 tCO₂e and 110.14 tCO₂e, respectively. Data is sourced from invoices and utility bills, ensuring a degree of reliability, though third-party verification is absent, which limits credibility. The use of recognized conversion factors (UK Government and Energy Commission of Malaysia) is a strength. However, Scope 3 emissions are not reported, missing a critical component of the GHG inventory. Improvement is needed in expanding the scope of reporting and obtaining external assurance to enhance transparency and trust in the data. A clearer commitment to emission reduction targets would also strengthen their environmental strategy.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 140.62 tCO₂e 🟢 | Calculated using UK Government GHG Conversion Factors |
| Scope2 | 110.14 tCO₂e 🟢 | Calculated using grid emission factors from Energy Commission of Malaysia |
| Scope3 | Not reported ⚠️ | Scope 3 emissions not measured |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: 2020
- Boundary inventory: Operational control in Malaysia
- Gwp basis: UK Government GHG Conversion Factors, Energy Commission of Malaysia grid factors
- Standard: Not specified
- Third party verification: Not verified ⚠️
- Carbon intensity: 3.88 tCO₂e/$M revenue, not verified ⚠️
Efforts
- 4% Scope 1 reduction 🟢
- Solar PV business 🌞
- Smart building solutions 🌱
- 3Rs waste strategy 🟢
Social Highlights
- 62 employees trained, 93 hours 🟢
- 104 local hires 🥗
- 50 local supplier partnerships 🥗
- Safety training implemented 🟢
- Limited data available ⚠️
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can’t find ⚠️
Report Quality
Commendable initial steps are evident in METRONIC GLOBAL BERHAD’s FY2024 sustainability report with quantifiable metrics for Scope 1 and Scope 2 emissions, energy consumption, and social initiatives like training hours (93 hours for 62 employees) 🟢. The use of the GRI framework adds structure to the disclosures. However, the report lacks third-party verification for GHG data and misses Scope 3 emissions, limiting its comprehensiveness ⚠️. Forward-looking commitments, such as adopting IFRS S1 and S2 standards by FY2026-2028, are noted but lack specific interim targets or detailed plans. Some content, like general statements on 'commitment to sustainability,' feels vague without measurable outcomes. To improve, the company could incorporate external assurance, expand Scope 3 reporting, and set clearer, time-bound goals for emission reductions and social impact. Overall, the report provides a solid foundation but could benefit from deeper specificity and validation.
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