ACO GROUP BERHAD
Malaysia | 0218.KL | ACE
Reference
Report Year: 2024
Source Files: ACO_Annual_Report_2024_-_FINAL_1748.md
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
Integrated Report, No Specific Framework Mentioned ⚠️
GHG Accounting
ACO Group Berhad has initiated tracking of Scope 1 and Scope 2 emissions, reporting 157.10 tCO₂e and 269.64 tCO₂e respectively for FYE 2024, using MGTC emission factors. Data is derived from vehicle fleet fuel usage and net electricity consumption, demonstrating a foundational approach to GHG accounting. However, Scope 3 emissions are not yet reported, though plans are in place to include employee commuting and business travel. The absence of third-party verification and a specified standard (e.g., GHG Protocol) limits credibility. Additionally, no carbon intensity metrics are provided. To improve, ACO should adopt a recognized standard, pursue third-party verification, and expedite Scope 3 reporting for a comprehensive inventory.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 157.10 tCO₂e 🟢 | Calculated using emission factors from MGTC based on vehicle fleet fuel usage. |
| Scope2 | 269.64 tCO₂e 🟢 | Calculated using emission factors from MGTC based on net electricity consumption. |
| Scope3 | Not reported ⚠️ | Plans to track Scope 3 emissions from employee commuting and business travel in future. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Operational control (vehicle fleet for Scope 1, premises for Scope 2)
- Gwp basis: MGTC emission factors
- Standard: Not specified
- Data collection approach: Based on electricity bills and fuel usage records
- Third party verification: Not verified
- Carbon intensity: Not reported ⚠️
Efforts
- 22% Scope 2 reduction 🟢
- 200kWp solar PV system 🌞
- EV charging stations 🔌
- Paperless initiatives 📄→🌐
Social Highlights
- 1,602 training hours 🟢
- 91% participation in health screening 🥗
- Team-building events 🟢
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Positive Steps in Sustainability Reporting 🟢. ACO Group Berhad's 2024 integrated sustainability report provides a commendable starting point with quantifiable data on Scope 1 and Scope 2 emissions, as well as specific environmental initiatives like solar PV systems and EV charging stations. Measurable social outcomes, such as 1,602 training hours and a 91% participation rate in health screenings, add credibility. However, the report lacks depth in several areas ⚠️. The absence of a dedicated sustainability committee and specific frameworks (e.g., GRI, TCFD) limits governance and comparability. Forward-looking commitments are vague, with generic statements like 'committed to sustainability' lacking concrete targets. To enhance future reports, ACO should establish a sustainability committee, adopt recognized reporting frameworks, pursue third-party verification for GHG data, and set clear, measurable goals for net-zero or emission reductions.
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