PEKAT GROUP BERHAD
Malaysia | 0233.KL | ACE
Reference
Report Year: 2023
Source Files: BURSA_PART_1_-_Pekat_AR23.pdf
Sustainability Committee
Sustainability Working Committee (Unknown pax) 🟢
- Established in FY2023 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
Pekat Group Berhad's FY2023 sustainability report lacks detailed GHG accounting data. No emissions data for Scope 1, 2, or 3 is reported, and critical elements like base year, boundary, GWP basis, and verification status are absent. While the company operates in the renewable energy sector, which suggests an inherent focus on environmental impact, the report does not quantify its carbon footprint or reduction efforts. Improvements needed include establishing a comprehensive GHG inventory, adopting a recognized standard like GHG Protocol, and pursuing third-party verification to enhance credibility. This would align Pekat's reporting with industry best practices and stakeholder expectations for transparency in the ESG landscape.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data on Scope 1 emissions provided in the report. |
| Scope2 | Not reported ⚠️ | No data on Scope 2 emissions provided in the report. |
| Scope3 | Not reported ⚠️ | No data on Scope 3 emissions provided in the report. |
| 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
- Not reported ⚠️
- Waste management addressed 🟢
- Solar energy focus 🌞
- Not reported ⚠️
Social Highlights
- 160 employees trained 🟢
- Zero injuries 🟢
- Safety & Health Week 🥗
- National Day event 🥗
- Cendol bonding event 🥗
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable foundation in Pekat Group Berhad's FY2023 sustainability report, particularly with the establishment of a Sustainability Working Committee and alignment with GRI standards 🟢. The report highlights social initiatives like employee training and safety programs with measurable outcomes, such as training 160 employees and achieving zero injuries. However, significant gaps exist in environmental reporting, especially the absence of GHG emissions data and carbon reduction targets ⚠️. Generic statements about sustainability commitment lack supporting quantifiable actions or forward-looking goals. To strengthen credibility, Pekat should incorporate detailed GHG accounting, pursue third-party verification, and outline specific net-zero or reduction targets. Overall, the report provides a solid starting point but could benefit from greater depth in environmental metrics and transparency in governance disclosures to meet evolving ESG expectations.
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