SPRING ART HOLDINGS BERHAD
Malaysia | 0216.KL | ACE
Reference
Report Year: 2023
Source Files: Spring_Art_Holdings_Berhad_-_AR2023_(Part_2).pdf
Sustainability Committee
ESG Committee Formed 🟢
- Strategy Development 🟢
- Policy Monitoring 🟢
Reporting
IFRS, TCFD, Integrated Report 🟢
GHG Accounting
Spring Art Holdings Berhad demonstrates a commitment to environmental sustainability through energy management, as seen in their reported energy consumption of 7,905.19 GJ in 2023. However, their GHG accounting lacks critical data, with no Scope 1, 2, or 3 emissions reported. Scope 1 is noted as not applicable due to the absence of combustion activities, but the omission of Scope 2 and 3 data limits transparency. Additionally, key details such as base year, boundary, GWP basis, and accounting standards are missing. While limited assurance is provided per IPPF, third-party verification is not comprehensive. The company should prioritize detailed GHG reporting, including Scope 2 and 3 emissions, and establish a clear baseline for future reductions to enhance accountability.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not applicable → | No combustion-related activities reported. |
| Scope2 | Not reported ⚠️ | Scope 2 emissions data missing. |
| Scope3 | Not reported ⚠️ | Scope 3 emissions data missing. |
| 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: Limited assurance 🟢
- Carbon intensity: Not reported ⚠️
Efforts
- Solar PV Systems (488.16 kWp) 🌞
Social Highlights
- Transparent Communication 🥗
- Equal Opportunities 🟢
- Community Welfare Investment 🥗
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable initiative by Spring Art Holdings Berhad in integrating sustainability into their operations with an ESG Committee and adoption of frameworks like IFRS and TCFD 🟢. The report highlights tangible efforts, such as the installation of solar PV systems, demonstrating a focus on environmental impact. However, the lack of detailed GHG emissions data (Scopes 1, 2, and 3) and missing metrics like base year or carbon intensity limits the report's depth ⚠️. While stakeholder engagement is well-documented, social impact metrics remain generic without specific numbers. Forward-looking commitments or measurable targets are also absent. The company could strengthen its reporting by incorporating comprehensive GHG data, third-party verification for emissions, and clear sustainability goals. This would elevate the report from a foundational effort to a robust tool for accountability and stakeholder trust.
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