SIK CHEONG BERHAD
Malaysia | 0129.KL | ACE
Reference
Report Year: 2024
Source Files: SRHB-Annual_Report2024_(Part_1)-Bursa.md
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
Bursa Malaysia Guide, Integrated Report 🟢
GHG Accounting
The sustainability report from SIK CHEONG BERHAD lacks detailed GHG accounting information for 2024. There is no data on Scope 1, 2, or 3 emissions, nor are there mentions of base year, boundary, GWP basis, or standards used for emissions reporting. Additionally, third-party verification is not addressed, which raises concerns about data reliability. A significant gap is the absence of carbon intensity metrics or reduction targets. The company should prioritize establishing a comprehensive GHG inventory, adopting recognized standards like the GHG Protocol, and seeking third-party verification to enhance credibility. Including specific, measurable targets for emission reductions would also strengthen their environmental commitment and transparency.
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 specified ⚠️
- Boundary inventory: Not specified ⚠️
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Third party verification: Not mentioned ⚠️
- 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 SIK CHEONG BERHAD's sustainability reporting for 2024 ⚠️. The report outlines a general commitment to sustainability and integrates it within the framework of Bursa Malaysia's Sustainability Reporting Guide, which is a positive step 🟢. However, it lacks quantifiable actions and measurable outcomes, such as specific emission data, reduction targets, or social impact metrics. Statements remain largely generic, with limited evidence to support claims of sustainability integration. There is also no mention of forward-looking commitments or forecasting, such as net-zero targets. To enhance the report's credibility, the company should include detailed metrics on environmental and social performance, adopt globally recognized frameworks like GRI or TCFD, and provide third-party verification for data. Establishing a dedicated sustainability committee could also strengthen governance and oversight of these efforts.
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