TMC LIFE SCIENCES BERHAD
Malaysia | 0101.KL | Main
Reference
Report Year: 2024
Source Files: Annual_Report_2024-Part_1.pdf
Sustainability Committee
Sustainability Management Committee (Members Unknown) 🟢
- Oversees initiatives 🟢
- Task force actions 🟢
Reporting
GRI, TCFD, SASB, IFRS S1, IFRS S2, Integrated Report 🟢
GHG Accounting
TMC Life Sciences Berhad demonstrates a structured approach to GHG accounting with third-party verification for Scope 1 and 2 emissions, reporting 690.33 tCO₂e and 12506.00 tCO₂e respectively in FY2024. Scope 3 emissions (8732.00 tCO₂e) have been expanded, reflecting improved data consolidation. The use of IPCC AR6 and DEFRA factors ensures accuracy, aligned with the GHG Protocol. However, a base year is yet to be established (targeted for FY2025), limiting trend analysis. Carbon intensity metrics (0.21 tCO₂e/m² GFA) provide operational insights. A key improvement area is setting clearer reduction targets to support the Net Zero by 2050 goal, alongside more comprehensive Scope 3 coverage.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 690.33 tCO₂e 🟢 | Verified by third party 🟢 |
| Scope2 | 12506.00 tCO₂e 🟢 | Verified by third party 🟢 |
| Scope3 | 8732.00 tCO₂e 🟢 | Includes business travel and employee commuting, expanded measurement in FY2024 |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not established (Target FY2025)
- Boundary inventory: Operational control approach covering Thomson Hospital Kota Damansara, TMC Fertility Centres, Thomson TCM, TMC Care Pharmacy, and corporate HQ
- Gwp basis: IPCC AR6, DEFRA (2023)
- Standard: GHG Protocol
- Third party verification: Verified (Scope 1 and 2 by Ernst & Young Consulting Sdn. Bhd.)
- Carbon intensity: 0.21 tCO₂e/m² GFA, 0.06 tCO₂e/RM'000 revenue, verified 🟢
Efforts
- Solar energy: 500 MWh 🟢
- Recycled 28.44 tonnes 🟢
- Solar panels installed 🌞
- Rainwater harvesting 🌧️
Social Highlights
- RM89,549 invested, 2,943 beneficiaries 🥗
- 33 community projects 🥗
- 1,161 employees trained 🟢
- 63% satisfaction rate 🟢
- 51 students sponsored 🥗
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: No litigation ⚠️
Report Quality
Commendable effort by TMC Life Sciences Berhad in producing a detailed sustainability report for FY2024 🟢. The report excels in providing quantifiable metrics such as GHG emissions (21,928 tCO₂e total), waste recycling (28.44 tonnes), and community investment (RM89,549 for 2,943 beneficiaries), supported by third-party verification. Forward-looking commitments like Net Zero by 2050 are noted, adding strategic depth. However, the report has gaps in setting a GHG baseline (targeted for FY2025) and lacks specific interim reduction targets, which limits accountability ⚠️. Some sections include generic statements on sustainability without measurable outcomes. To enhance future reports, the company could incorporate detailed timelines for targets and expand Scope 3 emissions coverage. Overall, it provides a solid foundation but could benefit from more actionable commitments and less reliance on aspirational language.
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