KINERGY ADVANCEMENT BERHAD

Malaysia | 0193.KL | Main

By Sustify.world AI model | 2025-05-24

Kinergy Advancement Berhad, together with its subsidiaries, provides electrical and mechanical engineering services for commercial, industrial, and residential infrastructure in Malaysia, Vietnam, Thailand, Indonesia, and Hong Kong. The company operates through Engineering and Sustainable Energy Solutions segments. It offers high and low voltage electrical installation, ventilation and air-conditioning systems, and maintenance and services; and extra low voltage electrical installation and ICT solutions, such as security, building services and hospitality systems; and operation and maintenance services comprising project inspection, factory acceptance test, and maintenance services. The company also provides chiller optimization services, cogeneration, and waste heat recovery system services; solar photovoltaics, biogas power, and hydroelectric power generation services; and building management system, as well as various financing solutions. In addition, it offers investment properties and management; green technology engineering; technical consultancy services; energy solution and service; accounting, finance, administrative, human resources and management services; and maintenance services to electrical equipment and facilities. Further, it engages in the operation of telecommunication infrastructure; distributing, marketing, selling and other ancillary services for ultraviolet and disinfection system and other robotic solutions; transmission, distribution and sale of electricity; design, installation, and commissioning of energy monitoring and saving software; engineering, procurement, construction and commission services for solar photovoltaic systems; general trading; construction of electrical works; and other specialised construction activities. The company was formerly known as Kejuruteraan Asastera Berhad and changed its name to Kinergy Advancement Berhad in June 2023. The company was incorporated in 1997 and is headquartered in Kuala Lumpur, Malaysia.

Reference

Report Year: 2023
Source Files:

Sustainability Committee

Sustainability Committee (Unknown pax) 🟢

2 meetings 🟢

Reporting

GRI, Separate Report 🟢

GHG Accounting

KINERGY ADVANCEMENT BERHAD has initiated GHG accounting with a commitment to reduce Scope 1 and 2 emissions by 42% by 2030 and 90% by 2050 from a 2021 base year. The inventory for 2021–2023 was reviewed by Eco-Ideal Consulting Sdn. Bhd., ensuring third-party verification, which adds credibility. However, specific emission figures for Scopes 1, 2, and 3 are missing, limiting transparency. Boundary, inventory details, GWP basis, and data collection approaches are also not disclosed. A key area for improvement is providing detailed emission data and extending reporting to Scope 3. Incorporating these elements will strengthen the reliability and comprehensiveness of their GHG accounting efforts.

Emissions

Scope	Value	Note
Scope1	Not specified ⚠️	Specific data for Scope 1 emissions not provided in the report.
Scope2	Not specified ⚠️	Specific data for Scope 2 emissions not provided in the report.
Scope3	Not reported ⚠️	Scope 3 emissions not mentioned in the report.
Biogenic emissions	Not applicable →	No biomass or biofuel usage reported.

Other Details

Base year: 2021
Boundary inventory: Not specified
Gwp basis: Not specified
Standard: Not specified
Data collection approach: Not specified
Third party verification: Yes, by Eco-Ideal Consulting Sdn. Bhd.
Carbon intensity: Not reported ⚠️

Efforts

42% reduction target by 2030 🟢
90% reduction target by 2050 🟢

Social Highlights

Training & education focus 🟢
Health & safety standards 🟢
Limited data available ⚠️
Limited data available ⚠️
Limited data available ⚠️

Governance

Salary disclosure: Can’t find ⚠️

Report Quality

Commendable initiative by KINERGY ADVANCEMENT BERHAD in integrating ESG principles into their operations 🟢. The 2023 Sustainability Report highlights a clear commitment to reducing emissions with specific targets (42% by 2030, 90% by 2050) and third-party verification of GHG inventory by Eco-Ideal Consulting Sdn. Bhd., which adds credibility. Inclusion in FTSE4Good Bursa Malaysia Index reflects strong governance practices. However, the report lacks detailed, quantifiable data on emissions for Scopes 1, 2, and 3, and social impact metrics are limited ⚠️. Forward-looking commitments are present, but measurable outcomes and specific achievements are scarce. The report could benefit from more granular data, such as absolute emission figures and detailed social initiatives. Enhancing transparency through comprehensive metrics and avoiding generic statements like 'committed to sustainability' without evidence will elevate the report's impact and usefulness.

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