NOVA WELLNESS GROUP BERHAD
Malaysia | 0201.KL | Main
Reference
Report Year: 2022
Source Files: NWGB_AR_2022-PART_2.pdf
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
Integrated Report, No specific framework mentioned ⚠️
GHG Accounting
Nova Wellness Group Berhad's 2022 sustainability report lacks detailed information on GHG accounting. No data is provided for Scope 1, 2, or 3 emissions, and critical elements such as base year, boundary, or third-party verification are absent. The report mentions a commitment to environmentally friendly operations but fails to substantiate this with measurable data or specific initiatives. Significant improvement is needed in establishing a structured GHG inventory, adopting recognized standards like the GHG Protocol, and ensuring transparency through detailed reporting and verification. Without these, the environmental impact of their operations remains unclear, limiting stakeholder trust and accountability.
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 specified ⚠️
- Boundary inventory: Not specified ⚠️
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Data collection approach: Not specified ⚠️
- Third party verification: Not specified ⚠️
- 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 Nova Wellness Group Berhad's 2022 sustainability report ⚠️. While the report mentions a commitment to sustainability and stakeholder engagement, it lacks quantifiable actions and measurable outcomes. Statements such as 'environmentally friendly operations' are generic and unsupported by specific metrics or data, which reduces credibility. There are no forward-looking commitments, such as net-zero targets or specific environmental goals, to guide future progress. The absence of a sustainability committee and detailed GHG accounting further limits the report's depth. To enhance future reports, the company could adopt recognized frameworks like GRI, include verifiable data on emissions and social impact, and outline clear, time-bound targets 🟢. This would strengthen transparency and provide stakeholders with a clearer understanding of their sustainability efforts.
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