POWERWELL HOLDINGS BERHAD
Malaysia | 0217.KL | ACE
Reference
Report Year: 2024
Source Files: Powerwell_-_Annual_Report_-_2024.md
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
Integrated Report, No specific framework mentioned ⚠️
GHG Accounting
Powerwell Holdings Berhad's GHG accounting in the 2024 report is notably underdeveloped. There is no data on Scope 1, Scope 2, or Scope 3 emissions, nor any mention of a base year, boundary, or inventory for tracking emissions. Additionally, critical elements such as GWP basis, standards (e.g., GHG Protocol), data collection methods, and third-party verification are absent. While the company expresses a commitment to carbon neutrality and renewable energy adoption, these claims lack quantifiable support. A key improvement area is to establish a comprehensive GHG inventory with clear metrics and timelines. Adopting international standards and seeking third-party verification would enhance credibility and transparency in their environmental reporting.
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 reported ⚠️
- Boundary inventory: Not reported ⚠️
- Gwp basis: Not reported ⚠️
- Standard: Not reported ⚠️
- Data collection approach: Not reported ⚠️
- Third party verification: Not reported ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Solar power adoption 🌞
- Waste reduction practices 🟢
- Renewable energy expansion 🌱
- Eco-friendly chemical handling 🟢
Social Highlights
- 275 total employees 🟢
- 63% young workforce 🟢
- 5.5 years average tenure 🟢
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Initial Steps with Room for Growth 🟢. Powerwell Holdings Berhad's 2024 sustainability report provides a foundation for ESG integration, with commendable mentions of renewable energy adoption like solar power under the Net Energy Metering programme and waste reduction practices. However, the report lacks quantifiable actions and measurable outcomes ⚠️, particularly in GHG emissions data, where no specific metrics or verification processes are disclosed. Forward-looking commitments, such as expansion into renewable energy, are noted but remain vague without timelines or targets. Much of the content is generic, with statements like 'committed to sustainability' lacking evidence or specificity. To improve, Powerwell should incorporate third-party verification, detailed emissions data, and clear, measurable goals for environmental and social impacts. This would elevate the report's credibility and provide stakeholders with actionable insights.
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