YGL CONVERGENCE BERHAD
Malaysia | 0086.KL | ACE
Reference
Report Year: 2024
Source Files: Ygl_-_Amended_Annual_Report_2024.md, Ygl_-_Annual_Report_2024.md
Sustainability Committee
Sustainability Taskforce Formed 🟢
- ESG Awareness Initiatives 🟢
- Employee Engagement 🟢
- Data Compilation for Board 🟢
Reporting
GRI, TCFD, SASB, Integrated Report 🟢
GHG Accounting
YGL Convergence Berhad's GHG accounting in the 2024 report is notably underdeveloped. There is no data on Scope 1, 2, or 3 emissions, and critical elements like base year, boundary, GWP basis, and verification status are absent. While the company acknowledges energy and fuel efficiency as a material matter, this does not translate into quantifiable emissions data or reduction targets. The lack of third-party verification further undermines credibility. Improvement is needed through comprehensive GHG inventory development, adoption of recognized standards like GHG Protocol, and external assurance to enhance transparency and accountability in environmental reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | Scope 1 emissions data not provided in the report. |
| Scope2 | Not reported ⚠️ | Scope 2 emissions data not provided in the report. |
| Scope3 | Not reported ⚠️ | Scope 3 emissions data not provided in the report. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Not specified ⚠️
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Data collection approach: Not specified ⚠️
- Third party verification: Not mentioned ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- No data ⚠️
- Waste management initiatives 🟢
- No data ⚠️
- No data ⚠️
Social Highlights
- 194 training hours 🟢
- RM34,000 on training 🟢
- Employee engagement events 🥗
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable initial steps are evident in YGL Convergence Berhad’s 2024 sustainability report, with a clear governance structure through the formation of a Sustainability Taskforce 🟢. The adoption of frameworks like GRI, TCFD, and SASB demonstrates a commitment to structured reporting. However, the report falls short on quantifiable actions and measurable outcomes, particularly in GHG emissions, where no data is provided for Scopes 1, 2, or 3 ⚠️. Social initiatives, such as training hours and employee engagement, offer some specificity, but broader impact metrics are lacking. Forward-looking commitments or targets, such as net-zero goals, are absent. While the report provides a foundation, it often relies on generic statements like 'committed to sustainability' without supporting evidence. To improve, the company should incorporate third-party verification, set measurable targets, and provide detailed environmental data for a more robust and credible report.
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