FINTEC GLOBAL BERHAD

Malaysia | 0150.KL | ACE

By Sustify.world AI model | 2025-05-25

Fintec Global Berhad, an investment holding company, operates as a technology incubator for the financial and information technology, food, and beverage, building material traders, property development, personal protective equipment manufacturing, and other industries in Malaysia and the United States. The company operates through Technology Incubation, Portfolio Investment, Biotechnology Products, Financial Services, and Glove Business segments. It provides management and strategic advisory services; research, development, and commercialization of agriculture and farming technologies; conducts research related activities; and business networking and funding services to incubatee companies. In addition, the company invests and trades in quoted securities and related activities; offers general loans, micro and corporate financing, and other credit related services; and produces and markets microbial fertilizers and probiotic microorganisms for use in agriculture and horticulture. Further, it manufactures and trades in agricultural related products, as well as supplies solar photovoltaic energy; manufactures peeled lumber; and operates as a contractor for biomass technologies. Additionally, the company engages in the manufacturing and sale of rubber gloves; medical gloves business; restaurant activities; and manufacturing, distribution, and trading of personal protective healthcare equipment and rubber gloves machinery, as well as leasing of rubber gloves machinery and ancillary equipment. Furthermore, it is involved in the trading and sale of building materials; and property development activities. The company was formerly known as Asia Bioenergy Technologies Berhad and changed its name to Fintec Global Berhad in December 2017. Fintec Global Berhad was founded in 2007 is based in Petaling Jaya, Malaysia.

Reference

Report Year: 2024
Source Files:

Sustainability Committee

No sustainability committee formed ⚠️

Reporting

Integrated Report, No specific framework mentioned ⚠️

GHG Accounting

FINTEC GLOBAL BERHAD's 2024 sustainability report lacks detailed information on GHG accounting. There is no data on Scope 1, 2, or 3 emissions, base year, boundary, or inventory. Additionally, critical elements such as GWP basis, standards used, data collection approach, and third-party verification status are not disclosed. The report mentions general commitments to ESG topics but fails to provide measurable outcomes or specific environmental impact data. A key area for improvement is the inclusion of quantifiable GHG metrics and adherence to recognized frameworks like GHG Protocol or ISO 14064. Without this, stakeholders cannot assess the company's environmental performance or progress toward sustainability goals.

Emissions

Scope	Value	Note
Scope1	Not reported ⚠️	No data provided in the report.
Scope2	Not reported ⚠️	No data provided in the report.
Scope3	Not reported ⚠️	No data provided in the report.
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

Room for Improvement in FINTEC GLOBAL BERHAD's 2024 sustainability report. While the report acknowledges the importance of ESG considerations and the Board's role in overseeing sustainability, it lacks quantifiable actions and measurable outcomes ⚠️. Statements such as 'advancing the ESG agenda' are generic and unsupported by specific metrics or data, limiting the report's credibility. There are no details on GHG emissions, social initiatives with impact numbers, or forward-looking commitments like net-zero targets. The integrated report format is a positive step 🟢, but it would benefit from adopting recognized frameworks like GRI or TCFD for structure and transparency. To enhance future reports, the company should include specific, verifiable data on environmental and social performance, third-party verification, and clear sustainability targets. This would provide stakeholders with a clearer picture of the company's progress and commitment.

Tags:

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This is AI model generated summary based on certain rules set by Sustify.world perspective. If the reader finds the information is incorrect, they can always approach us by sending email admin@sustify.world.

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