FRONTKEN CORPORATION BERHAD
Malaysia | 0128.KL | Main
Reference
Report Year: 2024
Source Files: Annual_Report_2024_(Bursa).pdf
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Meetings on materiality & risk 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
Frontken Corporation Berhad demonstrates a robust GHG accounting framework by reporting Scope 1 (1,590 tCO₂e), Scope 2 (12,154 tCO₂e), and Scope 3 (54,361 tCO₂e) emissions for 2023 using the GHG Protocol. A key strength is the comprehensive Scope 3 breakdown, covering categories like purchased goods and capital goods. However, the absence of third-party verification limits credibility. The coverage spans 76.58% of revenue, focusing on key regions like Singapore and Malaysia. Improvement is needed in verifying data and specifying the GWP basis for consistency. Setting clearer interim targets before the 2050 Net Zero goal would also strengthen accountability.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 1,590 tCO₂e 🟢 | |
| Scope2 | 12,154 tCO₂e 🟢 | |
| Scope3 | 54,361 tCO₂e 🟢 | |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: 2020 for emissions intensity
- Boundary inventory: Covers 76.58% of revenue and 76.92% of sites (Singapore, Malaysia, Taiwan)
- Gwp basis: Not specified
- Standard: GHG Protocol
- Data collection approach: Direct measurement for Scope 1 and 2; estimates for Scope 3 categories like purchased goods and services
- Third party verification: Not mentioned
- Carbon intensity: 3,180 kgCO₂e/MYR million revenue, not verified ⚠️
Efforts
- 10% emissions intensity reduction target 🟢
- 460,807 kg waste recycled 🟢
- 3.18M kWh solar energy 🌞
- Greener production processes 🌱
Social Highlights
- 994 employees trained on safety 🟢
- 98% retention rate 🟢
- 20,993 training hours 🟢
- 179 persons benefited 🥗
- 28 social activities 🥗
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can’t find ⚠️
Report Quality
Commendable Depth in Frontken’s 2023 sustainability report, with quantifiable metrics like GHG emissions (Scope 1: 1,590 tCO₂e, Scope 2: 12,154 tCO₂e) and waste recycling (460,807 kg since 2018) standing out 🟢. The report also excels with forward-looking commitments, such as the Net Zero Emissions target by 2050. However, it falls short in providing third-party verification for GHG data, which undermines credibility ⚠️. While social initiatives (e.g., 994 employees trained) are well-documented, some environmental claims remain vague, lacking specific outcomes (e.g., impact of greener processes). To improve, Frontken should incorporate external assurance for data reliability and provide more granular progress updates on interim targets. Overall, the report offers a solid foundation but could benefit from enhanced specificity and validation.
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