VOLCANO BERHAD
Malaysia | 0232.KL | ACE
Reference
Report Year: 2024
Source Files: VB_-_Annual_Report_2024.md
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Strategic oversight 🟢
- Performance monitoring 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
VOLCANO BERHAD demonstrates a basic commitment to GHG accounting, with reporting on Scope 1 and Scope 2 emissions described as 'low level,' though exact figures are absent. Scope 3 emissions are partially covered, with detailed business travel data (41,280.48 kg CO₂ in 2024) and employee commuting in Thailand. However, the report lacks critical elements like a base year, GWP basis, and a specified standard (e.g., GHG Protocol), limiting comparability. The absence of third-party verification further reduces credibility. Improvements are needed in providing comprehensive data for all scopes, establishing a clear baseline, and seeking external assurance to enhance transparency and accountability in emissions reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Low level (Scope 1) 🟢 | Exact figures for Scope 1 emissions not provided ⚠️ |
| Scope2 | Low level (Scope 2) 🟢 | Exact figures for Scope 2 emissions not provided ⚠️ |
| Scope3 | 41,280.48 kg CO₂ (Scope 3, Business Travel) 🟢 | Scope 3 limited to business travel and employee commuting ⚠️ |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Malaysia & Thailand plants 🟢
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Data collection approach: Distance-based (Scope 3) 🟢
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Virtual meetings adoption 🟢
- Recycled packaging 🟢
- Solar energy adoption 🌞
- Energy-efficient upgrades 🌱
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can’t find ⚠️
Report Quality
Commendable foundation in sustainability reporting by VOLCANO BERHAD with an integrated approach aligning to GRI and TCFD frameworks 🟢. The report offers quantifiable data on social initiatives (e.g., RM30,019.08 in community donations, 2,827 training hours) and specific environmental actions like solar energy adoption. However, GHG emissions lack depth, with no exact figures for Scope 1 and 2, missing base year, and no third-party verification ⚠️. While forward-looking commitments (e.g., reducing travel emissions via virtual meetings) are noted, many statements remain generic, such as 'committed to sustainability,' without measurable outcomes. The company could benefit from enhanced GHG data granularity, external assurance, and clearer targets for emissions reduction to strengthen credibility. Overall, a solid start with room for deeper impact reporting.
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