GENETEC TECHNOLOGY BERHAD
Malaysia | 0104.KL | Main
Reference
Report Year: 2023
Source Files: Genetec_Annual_Report_2023_Part_1.pdf
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
Integrated Report, No Specific Framework ⚠️
GHG Accounting
GENETEC TECHNOLOGY BERHAD's sustainability report for 2023 lacks any specific data or discussion on GHG emissions accounting. There is no mention of Scope 1, 2, or 3 emissions, base year, boundary, or inventory details. Additionally, no standards such as GHG Protocol or ISO 14064 are referenced, and there is no indication of third-party verification. The report does not address biogenic emissions, which is noted as not applicable due to the absence of biomass or biofuel usage. Significant improvement is needed in establishing a comprehensive GHG inventory, adopting recognized standards, and providing measurable data to track environmental impact. Incorporating third-party verification would also enhance credibility. At present, the report does not provide a foundation for assessing the company's carbon footprint.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data on Scope 1 emissions provided. |
| Scope2 | Not reported ⚠️ | No data on Scope 2 emissions provided. |
| Scope3 | Not reported ⚠️ | No data on Scope 3 emissions provided. |
| 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
Initial Steps in Reporting 🟢. GENETEC TECHNOLOGY BERHAD's 2023 sustainability report marks a starting point in their sustainability journey, as acknowledged in the document. The report highlights efforts in supply chain management, such as prioritizing local sourcing (e.g., 100% local raw materials at Bangi operations), which shows a commitment to supporting local economies. However, it lacks quantifiable actions and measurable outcomes in critical areas like GHG emissions, social initiatives, and governance disclosures ⚠️. Statements remain generic, with no specific metrics or forward-looking commitments, such as emission reduction targets or net-zero goals. To improve, the company should incorporate recognized frameworks (e.g., GRI or TCFD), provide detailed data on environmental and social impacts, and set clear, time-bound sustainability targets. Third-party verification would also strengthen credibility. Overall, the report is a foundation but requires significant enhancement for comprehensive transparency.
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