VITROX CORPORATION BERHAD
Malaysia | 0097.KL | Main
Reference
Report Year: 2023
Source Files:
Sustainability Committee
ESG Steering Committee (Members Unknown) 🟢
- Quarterly meetings 🟢
Reporting
TCFD, Separate Report 🟢
GHG Accounting
ViTrox's GHG accounting efforts in 2023 are limited, with no specific data reported for Scope 1, 2, or 3 emissions. While the company mentions targets for reducing Scope 2 emissions and improving emission efficiency using revenue as a benchmark, the absence of quantifiable data or a base year hampers transparency. No third-party verification or detailed methodology (e.g., GWP basis, standards) is disclosed, which is a significant gap. A key improvement area is to provide detailed emissions data, establish a clear baseline, and adopt recognized standards like GHG Protocol. Additionally, pursuing third-party verification would enhance credibility. Despite these gaps, ViTrox shows intent through its ESG targets, which could form the foundation for more robust reporting in the future.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data provided in the report. |
| Scope2 | Not reported ⚠️ | Target set for reduction but no specific data provided. |
| Scope3 | Not reported ⚠️ | No data 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
- Scope 2 reduction target 🟢
- Energy efficiency focus 🌞
Social Highlights
- 671 engineers (8.6% growth) 🟢
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
ViTrox's 2023 Sustainability Report demonstrates a commitment to ESG principles with a clear focus on embedding sustainability into its operations 🟢. The endorsement of the TCFD framework and quarterly ESG meetings are positive steps toward transparency. However, the report lacks quantifiable actions and measurable outcomes, particularly in GHG emissions data, with no specific figures for Scope 1, 2, or 3 ⚠️. While targets for energy efficiency and emission reduction are mentioned, the absence of baseline data or verification limits their impact. Forward-looking commitments, such as new ESG targets, are commendable, but generic statements like 'commitment to sustainability' need to be supported by concrete evidence. To improve, ViTrox should incorporate third-party verification, detailed emissions data, and measurable social impact metrics. Overall, the report provides a foundation but requires greater depth and specificity.
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