SDS GROUP BERHAD
Malaysia | 0212.KL | Main
Reference
Report Year: 2023
Source Files: SDSG_-_Annual_Report_2023.md
Sustainability Committee
Sustainability Working Group (SWG) formed 🟢
- Manages sustainability issues 🟢
- Recommends strategies 🟢
- Oversees disclosures 🟢
Reporting
GRI Standards, Integrated Report 🟢
GHG Accounting
SDS Group Berhad demonstrates a foundational approach to GHG accounting, focusing on Scope 1 and Scope 2 emissions using the GHG Protocol. A 22% reduction in emissions intensity (0.059 tCO₂e/RM'000) for FYE 2023 reflects efficiency gains, though absolute emission figures are not disclosed, limiting transparency. Scope 3 emissions remain unreported, a significant gap given supply chain impacts in food manufacturing. Data collection is internally managed without third-party verification, which could enhance credibility. Boundaries cover operational factories and subsidiaries, ensuring relevance. Improvement is needed in reporting absolute emissions, expanding to Scope 3, and obtaining external assurance to align with best practices and stakeholder expectations.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Reported, absolute data unavailable ⚠️ | Only intensity data provided (22% reduction in emissions intensity) ⚠️ |
| Scope2 | Reported, absolute data unavailable ⚠️ | Only intensity data provided ⚠️ |
| Scope3 | Not reported ⚠️ | Scope 3 emissions not disclosed ⚠️ |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Covers operational activities of owned/controlled factories and subsidiaries (retail and wholesale segments)
- Gwp basis: IPCC AR6
- Standard: GHG Protocol Corporate Accounting and Reporting Standard
- Data collection approach: Internally sourced and verified by business units
- Third party verification: Not verified
- Carbon intensity: 0.059 tCO₂e/RM'000, not verified ⚠️
Efforts
- 22% intensity reduction 🟢
- 28.96 tonnes oil recycled 🟢
- 2,640.31 tonnes bread repurposed 🟢
- Solar panel installation planned 🌞
Social Highlights
- RM 25,355 donated to 17 organizations 🥗
- 59 staff trained in safety 🟢
- 72 workers health tested 🟢
- 95% complaint resolution 🟢
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
Report Quality
Commendable effort by SDS Group Berhad in integrating sustainability into its 2023 report 🟢. The report showcases quantifiable actions such as a 22% reduction in GHG emissions intensity and recycling of 28.96 tonnes of used cooking oil, demonstrating measurable environmental outcomes. Social initiatives, like donating RM 25,355 worth of products to communities, add value 🥗. However, significant gaps exist, including the absence of absolute GHG emission data and Scope 3 reporting, which limits transparency ⚠️. Forward-looking commitments, such as solar panel installation, are noted, but broader targets (e.g., net-zero goals) are missing. Generic statements on sustainability commitment lack supporting evidence in some areas. To improve, SDS should provide absolute emission figures, expand Scope 3 disclosure, and seek third-party verification for credibility. This would strengthen stakeholder trust and align with global standards.
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.