HIAP HUAT HOLDINGS BERHAD
Malaysia | 0160.KL | ACE
Reference
Report Year: 2023
Source Files: Hiap_Huat_Holdings_Berhad_-_Annual_Report_2023_(to_Bursa).md
Sustainability Committee
Occupational Safety, Health & Environmental Committee (OSHE) 🟢
- Chemical management awareness 🟢
- Safety & health reviews 🟢
Reporting
Bursa Malaysia Guide, Integrated Report 🟢
GHG Accounting
Hiap Huat Holdings Berhad's 2023 sustainability report lacks detailed GHG accounting data. There is no reporting on Scope 1, 2, or 3 emissions, nor any mention of base year, boundary, GWP basis, or standards like GHG Protocol. The absence of third-party verification and carbon intensity metrics further limits transparency. While the company acknowledges global warming concerns and regulatory compliance, it fails to translate this into measurable emission data. A key improvement area is to establish a comprehensive GHG inventory with clear boundaries and standardized reporting. Additionally, engaging third-party verification would enhance credibility. Developing specific reduction targets and tracking progress against a base year would demonstrate stronger commitment to climate action.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data on Scope 1 emissions provided in the report. |
| Scope2 | Not reported ⚠️ | No data on Scope 2 emissions provided in the report. |
| Scope3 | Not reported ⚠️ | No data on Scope 3 emissions 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 ⚠️
Efforts
- Hazardous waste recycling 🟢
- Air pollution control with scrubbers 🌞
Social Highlights
- Annual employee training 🟢
- Emergency drills conducted 🟢
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable focus on environmental compliance is evident in Hiap Huat Holdings Berhad’s 2023 integrated sustainability report 🟢. The company highlights adherence to ISO 14001:2015 and other regulatory frameworks, alongside initiatives like hazardous waste recycling. However, the report falls short in providing quantifiable actions and measurable outcomes ⚠️, particularly in GHG emissions data, reduction targets, and third-party verification. Generic statements about sustainability commitment lack supporting evidence or specific metrics. Forward-looking commitments, such as net-zero targets or detailed plans, are also absent. To improve, the company should incorporate specific emission reduction goals, detailed GHG accounting, and verified data. Including forecasting and stakeholder impact metrics would further strengthen the report. Overall, while the foundation is promising, greater depth and transparency are needed for a robust sustainability narrative.
Tags:
Looking for ESG Strategy & Improvement?
Disclaimer:
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.
Need Expert help?
Contact us TODAY for sustainability strategy, reporting, and outsourcing services.