INNITY CORPORATION BERHAD
Malaysia | 0147.KL | ACE
Reference
Report Year: 2023
Source Files: ICB_Annual_Report_2023.pdf
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Supports ARMC 🟢
- Includes SWG 🟢
Reporting
GRI, SASB, ISSB, Integrated Report 🟢
GHG Accounting
Innity Corporation Berhad's GHG accounting in 2023 lacks detailed reporting on emissions across all scopes. No data is provided for Scope 1, 2, or 3 emissions, and there is no mention of standards like GHG Protocol or GWP basis, limiting transparency. The boundary covers over 90% of key operations but excludes smaller regions due to minimal impact. Internal verification is noted, with third-party verification planned for 2024, which is a positive step. Improvements are needed in disclosing absolute emission figures, adopting recognized standards, and accelerating external assurance to enhance credibility. Addressing these gaps will strengthen stakeholder trust and align with global sustainability expectations.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No specific data on Scope 1 emissions provided |
| Scope2 | Not reported ⚠️ | No specific data on Scope 2 emissions provided |
| Scope3 | Not reported ⚠️ | No specific data on Scope 3 emissions provided |
Other Details
- Base year: 2023
- Boundary inventory: Covers >90% of operations in Malaysia, Singapore, Indonesia, Philippines, Vietnam, Hong Kong; excludes Myanmar, Taiwan, Korea, Cambodia, Thailand due to minimal impact or lack of control
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Data collection approach: Internal verification ⚠️
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Emission management prioritized 🟢
- Waste management prioritized 🟢
- Not reported ⚠️
- Not reported ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable framework adoption is evident in Innity Corporation Berhad's 2023 sustainability report, with alignment to GRI, SASB, and ISSB standards 🟢. The integrated report highlights a structured governance approach through the Sustainability Committee and identifies key material matters like emission and waste management. However, the report lacks quantifiable actions and measurable outcomes, especially in GHG emissions, where no specific data for Scopes 1, 2, or 3 is provided ⚠️. Generic commitments to sustainability are present but unsupported by concrete evidence or forward-looking targets. To improve, the company should incorporate specific metrics (e.g., emission reduction percentages), accelerate third-party verification planned for 2024, and outline clear future commitments like net-zero targets. This would elevate the report from a foundational overview to a robust, actionable document.
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