STRAITS ENERGY RESOURCES BERHAD
Malaysia | 0080.KL | ACE
Reference
Report Year: 2023
Source Files: Straits_Energy_-Annual_Report_2023_(Part_1).pdf
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
ACE LR, Sustainability Reporting Guide, Integrated Report 🟢
GHG Accounting
Straits Energy Resources Berhad's sustainability report for 2023 lacks detailed GHG accounting. There is no data on Scope 1, 2, or 3 emissions, base year, boundary, or inventory. Additionally, critical elements such as third-party verification, GWP basis, and data collection methods are not disclosed. While the company expresses a commitment to reducing its carbon footprint through initiatives like reforestation, the absence of quantifiable emission metrics limits the ability to assess progress. To improve, Straits should establish a comprehensive GHG inventory, adopt recognized standards like the GHG Protocol, and pursue third-party verification to enhance credibility. Setting clear baselines and targets would also strengthen their environmental accountability.
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 ⚠️
- Data collection approach: Not reported ⚠️
- Third party verification: Not reported ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- 200-acre reforestation 🟢
- 100,000 trees planned 🌱
Social Highlights
- Job creation via reforestation 🟢
- Community engagement 🥗
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable initiative by Straits Energy Resources Berhad in integrating sustainability into their 2023 report 🟢. The reforestation project at Tasik Berombak, targeting 200 acres and 100,000 trees, reflects a tangible commitment to environmental restoration and community benefits. However, the report lacks quantifiable metrics for GHG emissions, with no data on Scope 1, 2, or 3, and misses critical elements like third-party verification or emission baselines ⚠️. Forward-looking commitments are present but vague, lacking specific targets or timelines beyond the reforestation timeline. While the intent to align with UN SDGs is noted, generic statements like 'reducing carbon footprint' need measurable outcomes to substantiate claims. To improve, Straits should prioritize detailed GHG accounting, adopt international standards, and provide verifiable data. This would elevate the report from a foundational effort to a robust sustainability disclosure.
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