GREATECH TECHNOLOGY BERHAD
Malaysia | 0208.KL | Main
Reference
Report Year: 2023
Source Files: Greatech_AR2023.md
Sustainability Committee
Sustainability Working Group (Members Unknown) 🟢
- Oversees ESG strategy 🟢
- Regular Board reporting 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
Greatech Technology Berhad demonstrates a structured approach to GHG accounting with reported data for Scope 1 (55 tCO₂e), Scope 2 (9,861 tCO₂e), and partial Scope 3 (901 tCO₂e) emissions for 2023, focusing on business travel. The company aligns with TCFD recommendations, identifying climate risks and opportunities. However, critical details such as base year, GWP basis, and standards used are missing, limiting comparability. No third-party verification is reported, which impacts data credibility. Scope 3 coverage is narrow, excluding other categories like employee commuting. To improve, Greatech should expand Scope 3 reporting, establish a base year, adopt a recognized standard like GHG Protocol, and seek external assurance for data reliability.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 55 tCO₂e 🟢 | |
| Scope2 | 9,861 tCO₂e 🟢 | |
| Scope3 | 901 tCO₂e (business travel) 🟢 | Limited to business air travel ⚠️ |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Operational control for Scope 1 and 2; limited Scope 3 to business travel
- Gwp basis: Not specified
- Standard: Not specified
- Data collection approach: Not specified
- Third party verification: No assurance reported
- Carbon intensity: Not reported ⚠️
Efforts
- Solar panel installation 🌞
- 126 tons waste diverted 🟢
- Green tax incentives 🌱
- Rainwater harvesting 🌧️
Governance
- Salary disclosure: Disclosed (aggregate) 🟢
- Litigation: No ongoing litigation ⚠️
Report Quality
Commendable effort by Greatech Technology Berhad in presenting a detailed sustainability report for 2023 🟢. The integrated report aligns with GRI and TCFD frameworks, providing robust disclosure on Scope 1, 2, and partial Scope 3 emissions, alongside quantifiable social impacts like RM1.97 million in community investments and 68,331 training hours. Measurable outcomes, such as waste diversion (126 tons) and energy efficiency initiatives (solar panels), enhance credibility. However, the report lacks third-party verification for GHG data and forward-looking commitments like net-zero targets ⚠️. Generic statements on sustainability culture could be substantiated with specific future goals. To improve, Greatech should seek external assurance, expand Scope 3 reporting, and articulate clear, time-bound targets for emission reductions. Overall, the report offers a solid foundation but has room for deeper specificity and assurance.
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