SEDANIA INNOVATOR BERHAD
Malaysia | 0178.KL | ACE
Reference
Report Year: 2024
Source Files: SIB_-_Annual_Report_2024_(Part_2).pdf
Sustainability Committee
Board Sustainability Committee (7 pax) 🟢
- Strategy oversight 🟢
- Information review 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
SEDANIA Innovator Berhad demonstrates a structured approach to GHG accounting with detailed reporting on Scope 1 (48.92 tCO₂e) and Scope 2 (62.02 tCO₂e) emissions for FPE 2024, alongside limited Scope 3 data (3.25 tCO₂e for business travel). Strengths include clear boundary definitions and alignment with IPCC and UNFCCC standards. However, the absence of third-party verification for non-financial data limits credibility. Improvements are needed in expanding Scope 3 coverage and obtaining external assurance to enhance transparency and accountability in emission reporting.
Emissions
| Scope | Value | Note |
|---|
Other Details
- Base year: 2021
- Boundary inventory: Scope 1: SIB, SASC, OFFS; Scope 2: HQ and subsidiaries; Scope 3: Employee mileage for SASB and STSC
- Gwp basis: IPCC database for Scope 1; UNFCCC Harmonised Grid Factors 2021 for Scope 2
- Standard: GHG Protocol
- Data collection approach: Internal records, verified by business units
- Third party verification: Not verified ⚠️
- Carbon intensity: 1.42 tCO₂e/RM million revenue, not verified ⚠️
Efforts
- Energy reduced to 654.87 GJ 🟢
- 5% reduction target 🟢
- 3R policy for waste 🟢
- iEMS for energy efficiency 🌞
- Eco-friendly packaging 🌱
Social Highlights
- RM 86,994 community investment 🟢
- 10 beneficiaries supported 🟢
- 254 employees trained on safety 🟢
- 100% complaint resolution 🟢
- 49% local procurement 🟢
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable effort by SEDANIA Innovator Berhad in presenting a comprehensive sustainability report for FPE 2024 🟢. The report excels in providing quantifiable metrics such as GHG emissions (114.19 tCO₂e total) and energy savings (8.16 million kWh for clients), alongside clear targets like a 5% annual emission reduction per revenue. The alignment with GRI and TCFD frameworks adds structure to the disclosure. However, the lack of third-party verification for non-financial data is a notable gap ⚠️, reducing the credibility of reported figures. Additionally, while forward-looking commitments like net-zero contributions are mentioned, specifics on timelines are vague. The report could benefit from deeper Scope 3 emissions data and more measurable social impact outcomes. Overall, it provides a solid foundation but should incorporate external assurance and detailed forecasting to strengthen trust and accountability.
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