ECOMATE HOLDINGS BERHAD
Malaysia | 0239.KL | Main
Reference
Report Year: 2024
Source Files: Ecomate_Holdings_Berhad_-_Annual_Report_2024.pdf
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Develops strategies 🟢
- Assesses risks 🟢
- Monitors policies 🟢
Reporting
IFRS S1, IFRS S2, TCFD, Integrated Report 🟢
GHG Accounting
Ecomate Holdings Berhad demonstrates a commitment to GHG accounting by reporting Scope 2 (849.21 tCO₂e) and Scope 3 (225.98 tCO₂e) emissions for FY 2024, with third-party verification by ASAP Advisory PLT ensuring data credibility 🟢. Scope 1 emissions are not applicable due to the nature of operations (no combustion activities). However, key gaps include the absence of a base year, GWP basis, and carbon intensity metrics, limiting trend analysis and comparability ⚠️. The company could improve by establishing a base year for emissions, adopting a recognized standard like GHG Protocol, and reporting intensity metrics to better gauge efficiency. Overall, while current efforts provide a foundation, enhanced detail and transparency are needed for comprehensive climate impact assessment.
Emissions
| Scope | Value | Note |
|---|
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Malaysia operations 🟢
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Data collection approach: Direct measurement 🟢
- Third party verification: Verified 🟢
- Carbon intensity: Not reported ⚠️
Efforts
- Energy use up 4.4% 🔴
- 11.24 MT waste diverted 🟢
- Dust fume collector 🌱
- Automated machines adopted 🛠️
Social Highlights
- 19 employees trained 🟢
- RM 36,220 on training 🟢
- RM 7,000 donated 🥗
- 0 fatalities 🟢
- LTIR reduced to 0.79 🟢
Governance
- Salary disclosure: Can’t find ⚠️
Report Quality
Commendable effort by Ecomate Holdings Berhad in presenting a detailed sustainability report for FY 2024 🟢. The report excels in providing quantifiable metrics, such as Scope 2 and 3 emissions (849.21 tCO₂e and 225.98 tCO₂e respectively), waste diverted (11.24 MT), and training investments (RM 36,220 for 967 hours), supported by third-party verification from ASAP Advisory PLT, enhancing credibility 🟢. However, gaps exist in forward-looking commitments, with limited specific targets beyond reducing injury cases to below 2 by FY 2025 ⚠️. Generic statements like 'commitment to sustainability' lack supporting evidence in areas like GHG reduction targets or base year establishment ⚠️. The company could improve by incorporating detailed net-zero targets, base year data, and broader carbon intensity metrics. Overall, the report provides a solid foundation but would benefit from enhanced specificity and future-oriented goals.
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