NCT ALLIANCE BERHAD
Malaysia | 0056.KL | Main
Reference
Report Year: 2022
Source Files: NCT_-_Annual_Report_2022_(Part_II).pdf
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Target setting 🟢
- Strategy implementation 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
NCT Alliance Berhad has made initial strides in GHG accounting by reporting Scope 1 and Scope 2 emissions for FY2022, with an 18% reduction in Scope 1 due to reduced fuel use after ceasing genset operations. However, Scope 2 emissions increased by 10.8% due to higher electricity consumption at the GIM project. Significant gaps remain, including the absence of Scope 3 data, lack of a base year, and no mention of third-party verification or specific standards like GHG Protocol. The reporting of reductions rather than absolute figures limits transparency. Improvements could include comprehensive Scope 3 disclosure, adoption of a recognized standard, and verification of data to enhance credibility.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 18% reduction 🟢 | Non-standard reduction data reported ⚠️ |
| Scope2 | 10.8% increase 🔴 | Due to increased electricity usage at GIM project ⚠️ |
| Scope3 | Not reported ⚠️ | Scope 3 emissions not disclosed ⚠️ |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Headquarters in Puchong and GIM project in Genting Highlands
- Gwp basis: Not specified
- Standard: Not specified
- Data collection approach: Not specified
- Third party verification: Not mentioned
- Carbon intensity: Not reported ⚠️
Efforts
- 18% Scope 1 reduction 🟢
- 32% HQ electricity reduction 🟢
- Energy-saving tech 🌞
Social Highlights
- RM217,300 CSR investment 🥗
- 0.98 training hours/employee 🟢
- 60 agents engaged 🥗
- Zero fatalities 🟢
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable initial steps by NCT Alliance Berhad in their FY2022 sustainability reporting 🟢. The report highlights quantifiable actions such as an 18% reduction in Scope 1 emissions and a 32% decrease in HQ electricity consumption, reflecting a commitment to environmental responsibility. The inclusion of social metrics like CSR investments (RM217,300) and employee training hours (0.98 per employee) adds measurable depth. However, gaps exist, such as the lack of absolute emission figures, Scope 3 data, and third-party verification ⚠️. Forward-looking commitments are vague, with general mentions of future climate disclosures rather than specific targets like net-zero timelines. The report could benefit from adopting absolute GHG metrics, enhancing transparency with verified data, and setting clear, time-bound goals. Overall, it provides a solid foundation but needs more specificity and evidence to strengthen credibility.
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.