OSK VENTURES INTERNATIONAL BERHAD
Malaysia | 0053.KL | ACE
Reference
Report Year: 2023
Source Files: OSKVI_-_Annual_Report_2023.pdf
Sustainability Committee
Sustainability Working Group (Members Unknown) 🟢
- Supports integration 🟢
- Led by CSO 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
OSK Ventures International Berhad has made a commendable start in GHG accounting for FY2023 by reporting emissions across Scope 1 (3.85 tCO₂e), Scope 2 (4.19 tCO₂e), and Scope 3 (8.36 tCO₂e), totaling 16.41 tCO₂e. The use of the GHG Protocol and an operational control approach demonstrates alignment with international standards. However, key gaps include the absence of a base year for comparison, lack of third-party verification, and no mention of carbon intensity metrics. To strengthen credibility, the company should prioritize third-party verification and establish a baseline for tracking progress. Additionally, disclosing the GWP basis would enhance transparency. Overall, while the initial efforts are promising, further detail and external assurance are needed to elevate the robustness of their GHG reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 3.85 tCO₂e 🟢 | |
| Scope2 | 4.19 tCO₂e 🟢 | |
| Scope3 | 8.36 tCO₂e 🟢 | |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
Efforts
- Energy-efficient tech 🟢
- 33% less paper 🟢
- 3,912 kg paper recycled 🟢
- Climate tech investments 🌱
Social Highlights
- 43 training hours 🟢
- RM21,010 learning investment 🟢
- 6,173 jobs created 🟢
- 40 children, 24 teachers supported 🥗
- 25 youths trained 🥗
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Positive Foundation with Room for Growth 🟢. OSK Ventures International Berhad’s 2023 Sustainability Report, integrated within their annual report, offers a solid starting point with quantifiable metrics such as GHG emissions (16.41 tCO₂e total) and social impact numbers (e.g., 6,173 jobs created through investments). The alignment with GRI standards and detailed stakeholder engagement (via surveys) are commendable. However, the report lacks third-party verification for GHG data and forward-looking commitments like net-zero targets, which limits its robustness ⚠️. While efforts in waste reduction (33% paper usage drop) and employee training (43 hours average) are measurable, many ESG statements remain generic, lacking deeper evidence of outcomes. To improve, the company should incorporate external assurance, set specific future goals, and expand on governance disclosures like executive compensation. Overall, a promising effort that can be elevated with greater specificity and accountability.
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