RAMSSOL GROUP BERHAD
Malaysia | 0236.KL | ACE
Reference
Report Year: 2023
Source Files: Ramssol_AR2023.md
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Monthly reporting 🟢
- Strategy and materiality review 🟢
Reporting
Integrated Report, No specific framework mentioned ⚠️
GHG Accounting
RAMSSOL GROUP BERHAD's GHG accounting in 2023 covers Scope 1 and Scope 2 emissions from company vehicles, electricity, and fuel generators, following the GHG Protocol standard with GWP based on DEFRA 2023 and Malaysia Grid EF. However, absolute emission figures, base year, and data collection approach are not specified, limiting transparency. Scope 3 emissions are unreported, which is a significant gap for a comprehensive carbon footprint. The absence of third-party verification further weakens credibility. Planned energy-saving initiatives like solar panel installation are promising but lack measurable targets. To improve, the company should disclose absolute emission data, report Scope 3, establish a base year, and seek third-party verification for enhanced accountability.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Scope 1 reported 🟢 | Data includes emissions from company vehicles and fuel generators; absolute figures not specified. |
| Scope2 | Scope 2 reported 🟢 | Data includes electricity usage; absolute figures not specified. |
| Scope3 | Scope 3 not reported ⚠️ | No mention of Scope 3 emissions in the report. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Base year not specified ⚠️
- Boundary inventory: Boundary: Operational assets 🟢
- Gwp basis: GWP: DEFRA & Malaysia Grid EF 🟢
- Standard: GHG Protocol 🟢
- Data collection approach: Data approach not specified ⚠️
- Third party verification: Not verified ⚠️
- Carbon intensity: Carbon intensity not reported ⚠️
Efforts
- Energy-saving plans 🟢
- Solar panel adoption 🌞
Social Highlights
- Gender diversity balanced 🟢
- Zero privacy breaches 🟢
- Training budget allocated 🟢
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable initial effort by RAMSSOL GROUP BERHAD in integrating sustainability into their 2023 Annual Report 🟢. The report outlines a governance structure for sustainability and identifies material matters, with some quantifiable data on diversity and anti-corruption training. However, it falls short on measurable outcomes for environmental impacts, particularly GHG emissions, where absolute figures and Scope 3 data are missing ⚠️. Forward-looking commitments, such as solar panel installation, are noted but lack specific targets or timelines. Much of the content remains generic, with statements like 'committed to ethical practices' lacking evidence of impact. To enhance future reports, the company should include verifiable metrics for emissions, set clear sustainability targets, and consider third-party verification for credibility. This would transform a foundational report into a robust tool for stakeholder trust.
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