WIDAD GROUP BERHAD
Malaysia | 0162.KL | ACE
Reference
Report Year: 2023
Source Files: Widad_Group_Berhad_-_Annual_Report_2023.md
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
Integrated Report, No specific framework mentioned ⚠️
GHG Accounting
WIDAD GROUP BERHAD's 2023 sustainability report lacks detailed information on GHG accounting. There is no reporting on Scope 1, Scope 2, or Scope 3 emissions, nor any mention of a base year, boundary, or inventory for emissions tracking. Additionally, critical elements such as GWP basis, data collection approach, and third-party verification are absent. This indicates a significant gap in transparency and accountability in carbon management. To improve, the Group should establish a comprehensive GHG inventory, adopt recognized standards like the GHG Protocol, and consider third-party verification to enhance credibility. Setting clear reduction targets with measurable outcomes would also strengthen their environmental commitments.
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 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
Social Highlights
- Yayasan Royal Widad established 🥗
- Kembara Widad for rural support 🥗
- Blood donation drive 🥗
- Charity funride event 🥗
- Student community programs 🥗
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Room for Improvement in WIDAD GROUP BERHAD’s 2023 sustainability report. While the report highlights a commitment to corporate social responsibility and community welfare through initiatives like Yayasan Royal Widad and Kembara Widad 🟢, it lacks quantifiable actions and measurable outcomes in key areas such as GHG emissions and environmental impact ⚠️. Statements about sustainability are often generic, with phrases like 'committed to sustainability' unsupported by specific data or targets. There is also no evidence of forecasting or forward-looking commitments, such as net-zero targets. To enhance credibility, the Group should incorporate specific metrics (e.g., emission reductions in tCO₂e), adopt recognized reporting frameworks like GRI or TCFD, and provide third-party verification for data. Including detailed ESG risk assessments and clear future goals would further strengthen the report.
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.