HPP HOLDINGS BERHAD
Malaysia | 0228.KL | ACE
Reference
Report Year: 2024
Source Files: HPP_Holdings_-_Annual_Report_2024_(Part2).pdf
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Oversees sustainability agenda 🟢
- Embeds ESG in strategy 🟢
Reporting
Integrated Report, No Specific Framework Mentioned ⚠️
GHG Accounting
HPP Holdings Berhad's 2024 sustainability report lacks comprehensive GHG accounting data. No Scope 1, 2, or 3 emissions are reported, and critical details such as base year, boundary, GWP basis, and verification status are missing. While the company tracks resource usage like electricity (2,191,205 kWh) and diesel (144,098 liters), these are not translated into carbon emissions. Strengths include efforts to reduce environmental impact through solar panel installation and paper waste recycling. However, the absence of a structured GHG inventory limits transparency. To improve, the company should adopt a recognized framework like the GHG Protocol, establish a base year, and pursue third-party verification for credibility.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No Scope 1 data provided. |
| Scope2 | Not reported ⚠️ | No Scope 2 data provided. |
| Scope3 | Not reported ⚠️ | No Scope 3 data provided. |
| 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: Not mentioned ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Solar panels installed 🌞
- 1.58M KG paper recycled 🟢
- FSC® certified sourcing 🌱
Social Highlights
- 1,216 hours OSH training 🟢
- 3,740 hours training 🟢
- 104 blood donors 🥗
- 53 orphanage residents supported 🥗
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable initial steps by HPP Holdings Berhad in their 2024 integrated sustainability report 🟢. The report showcases quantifiable actions, such as 1.58M KG of paper waste recycled and 1,216 hours of OSH training for employees, reflecting a commitment to environmental and social responsibility. However, there are significant gaps in GHG accounting, with no Scope 1, 2, or 3 data reported ⚠️, and the absence of recognized frameworks like GRI or TCFD limits comparability. Forward-looking commitments are vague, with generic statements like 'managing greenhouse emissions' lacking specific targets. To enhance credibility, the company should adopt a structured reporting framework, include verifiable emission data, and outline clear, measurable goals (e.g., net-zero targets). Overall, the report provides a foundation but could benefit from greater depth and transparency.
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