TFP SOLUTIONS BERHAD
Malaysia | 0145.KL | ACE
Reference
Report Year: 2024
Source Files: TFP_Solutions_Berhad_-_Annual_Report_2024_(to_Bursa).md
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
Integrated Report, No specific framework mentioned ⚠️
GHG Accounting
TFP Solutions Berhad's sustainability report for 2024 lacks comprehensive GHG accounting. The company does not report Scope 1, 2, or 3 emissions, nor does it specify a base year, boundary, or standard for emissions tracking. While electricity and water consumption are tracked, this data is not translated into emissions figures. No third-party verification is mentioned, and there is no indication of carbon intensity metrics. A key improvement would be to adopt a recognized framework like the GHG Protocol, report absolute emissions across all scopes, and seek external verification to enhance credibility. Additionally, setting a clear base year and defining operational boundaries would provide a stronger foundation for sustainability reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data on Scope 1 emissions provided. |
| Scope2 | Not reported ⚠️ | No data on Scope 2 emissions provided, though electricity consumption is tracked. |
| 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 ⚠️
- Data collection approach: Not specified ⚠️
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Recycled materials 🟢
- Paperless solution 🌞
- Electronic communication 🌱
Social Highlights
- Tech-driven communication 🟢
- 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 TFP Solutions Berhad's 2024 sustainability report ⚠️. The report acknowledges environmental responsibility with efforts like recycling and promoting paperless offices, which are positive steps 🟢. However, it lacks quantifiable actions and measurable outcomes, such as specific emission reductions or detailed impact metrics. There are no forward-looking commitments, like net-zero targets, and the content remains generic with statements like 'minimizing carbon footprint' unsupported by data. The absence of a recognized reporting framework and third-party verification further limits credibility. To enhance future reports, the company should adopt standards like GRI or TCFD, provide detailed GHG emissions data across all scopes, and include verifiable metrics and future sustainability goals. This would create a more robust and transparent sustainability narrative.
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