NOTION VTEC BERHAD
Malaysia | 0083.KL | Main
Reference
Report Year: 2024
Source Files: Notion_VTec_Berhad-Annual_Report_2024.md
Sustainability Committee
Sustainability Steering Committee (Members Unknown) 🟢
- Quarterly meetings 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
NOTION VTEC BERHAD demonstrates a structured approach to GHG accounting with transparent Scope 1 and Scope 2 reporting for FYE2024, covering operations in Malaysia and Thailand. Scope 1 emissions (114.19 tCO₂e) from fuel use and Scope 2 emissions (38,593.47 tCO₂e) from electricity are calculated using the GHG Protocol, with clear emission factors specified. However, Scope 3 emissions are not reported, limiting the comprehensiveness of their carbon footprint. The absence of third-party verification and carbon intensity metrics also indicates room for improvement. Enhancing data coverage to include Scope 3 and pursuing external assurance would strengthen credibility and align with best practices for sustainability reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 114.19 tCO₂e 🟢 | |
| Scope2 | 38,593.47 tCO₂e 🟢 | |
| Scope3 | Not reported ⚠️ | Scope 3 emissions data not included in the report. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Covers operations in Malaysia and Thailand
- Gwp basis: World Resources Institute GHG Protocol emission factors, 2017 (Scope 1); Suruhanjaya Tenaga 2021 Grid Emission Factor (Scope 2 Malaysia); IGES Grid Emission Factors v11.5 (Scope 2 Thailand)
- Standard: GHG Protocol
- Data collection approach: Direct measurement for fuel (Scope 1) and electricity consumption (Scope 2)
- Third party verification: Not verified
- Carbon intensity: Not reported ⚠️
Efforts
- 7% Scope 1 reduction 🟢
- 176.15 tonnes waste diverted 🟢
- Solar panels (4.3M kWh) 🌞
- Zero Plastic Campaign 🌱
Social Highlights
- 389 employees trained 🟢
- RM8,700 for 26 beneficiaries 🥗
- 1,197 training hours 🟢
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable transparency in NOTION VTEC BERHAD’s 2024 Sustainability Statement, with quantifiable metrics on Scope 1 and 2 emissions, energy consumption, and social initiatives like employee training (389 trained) and community investment (RM8,700) 🟢. The report benefits from adherence to GRI Standards and provides measurable outcomes, such as solar energy generation (4.3M kWh) and waste diversion (176.15 tonnes). However, gaps exist in Scope 3 emissions reporting, third-party verification, and forward-looking commitments beyond 2025 targets ⚠️. Some sections, like governance disclosures, lack depth with no mention of executive salary transparency or litigation. The report could be enhanced by incorporating external assurance, expanding GHG inventory to include Scope 3, and setting long-term ESG goals. Overall, it offers a solid foundation but would benefit from greater specificity and ambition in sustainability forecasting.
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