SOLUTION GROUP BERHAD

Malaysia | 0093.KL | ACE

By Sustify.world AI model | 2025-05-25

Solution Group Berhad, an investment holding company, engages in the technology, renewable energy, biotechnology, and healthcare businesses in Malaysia and internationally. The company designs and develops equipment and software for engineering education and research, as well as technical and vocational education and training in the areas, including chemical, mechanical, electrical, civil, and control engineering; and renewable energy under the SOLTEQ brand; offers laboratory and industrial biotechnology solutions, such as design and development of equipment and processes for manufacturing products used in the biotechnology and pharmaceutical industries under the SOLTEQ brand; and automation solutions for industrial plants and processes, waterworks, and flood mitigation; and comprehensive solutions for plant construction projects, as well as produces and distributes industrial lubricants under the SOLMAX brand. It also provides fabrication for pressurized vessels, heat exchangers, storage tanks, structures, and process skids assembly; and promotes businesses relating to green and renewal energy. In addition, the company develops training and curriculum content; designs and develops ultrasonic solvent extraction of oil from spent adsorbent project, as well as pilot plant for bio lubricant projects and industrial lubricants; and sells wellness, lifestyle, and other products; and formulates, fills, finishes, markets, and distributes biological drugs. Further, the company engages in the wholesale of pharmaceuticals and medical goods; manufacturing of other pharmaceuticals, medical chemical, and botanical products; and product registration, manufacturing, and commercialization of active plant compounds and products for medicinal purposes. The company was formerly known as Solution Engineering Holdings Berhad and changed its name to Solution Group Berhad in June 2019. Solution Group Berhad was incorporated in 1988 and is based in Kuala Lumpur, Malaysia.

Reference

Report Year: 2023
Source Files: SOLUTN-AnnualReport2023_(Part_1).pdf

Sustainability Committee

No sustainability committee formed ⚠️

Reporting

Integrated Report, No specific framework mentioned ⚠️

GHG Accounting

SOLUTION GROUP BERHAD's 2023 sustainability report lacks detailed information on GHG accounting. There is no data on Scope 1, Scope 2, or Scope 3 emissions, nor any mention of a base year, boundary, or inventory for emissions tracking. Additionally, critical elements such as the GWP basis, standards used, data collection approach, and third-party verification are absent. This indicates a significant gap in environmental reporting. To improve, the company should establish a comprehensive GHG inventory, adopt recognized standards like the GHG Protocol, and consider third-party verification to enhance credibility and transparency in their sustainability efforts.

Emissions

Scope	Value	Note
Scope1	Not reported ⚠️	No data available on Scope 1 emissions.
Scope2	Not reported ⚠️	No data available on Scope 2 emissions.
Scope3	Not reported ⚠️	No data available on Scope 3 emissions.
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 ⚠️

Social Highlights

Limited data available ⚠️
Limited data available ⚠️
Limited data available ⚠️
Limited data available ⚠️
Limited data available ⚠️

Governance

Salary disclosure: Can't find ⚠️
Litigation: Can't find ⚠️

Report Quality

Room for Improvement in Sustainability Reporting ⚠️. SOLUTION GROUP BERHAD's 2023 integrated report provides minimal information on sustainability initiatives. While the report mentions corporate governance training programs, such as 'Embracing ESG: A Comprehensive Training Program For Sustainability Success,' there is a noticeable absence of quantifiable actions or measurable outcomes related to environmental or social impacts. Forward-looking commitments or specific targets, such as emission reductions or net-zero goals, are not evident. The content remains largely generic, lacking evidence to support broader sustainability claims. To enhance future reports, the company should include detailed metrics on GHG emissions, social impact numbers, and verifiable data. Incorporating third-party verification and clear forecasting for sustainability goals would also strengthen credibility and transparency 🟢.

Tags:

Industrial Products & Services Technology

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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.

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