UNITRADE INDUSTRIES BERHAD
Malaysia | 0247.KL | ACE
Reference
Report Year: 2024
Source Files: Unitrade_Industries_Berhad_AR2024_Part_1.md, Unitrade_Industries_Berhad_AR2024_Part_2.md
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Regular RMSC reviews 🟢
- Monthly ERMSC meetings 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
Unitrade Industries Berhad demonstrates a structured approach to GHG accounting, reporting emissions across Scope 1 (341.27 tCO₂e), Scope 2 (290.20 tCO₂e), and Scope 3 (368.38 tCO₂e) for FY2024. A significant reduction in Scope 2 emissions by 30.7% from FY2023 reflects successful adoption of renewable energy sources like solar power. The use of IPCC AR6 GWP factors and GHG Protocol standards is commendable. However, the lack of third-party verification and undisclosed carbon intensity metrics limit credibility. Additionally, a base year for tracking reductions is not specified. To improve, Unitrade should pursue external assurance, establish a clear baseline, and report intensity metrics to better contextualize emissions against business scale.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 341.27 tCO₂e 🟢 | |
| Scope2 | 290.20 tCO₂e 🟢 | |
| Scope3 | 368.38 tCO₂e 🟢 | |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Operational control across Peninsular Malaysia
- Gwp basis: IPCC Sixth Assessment Report (AR6), 100-year timeframe
- Standard: GHG Protocol Corporate Accounting and Reporting Standard
- Data collection approach: Fuel consumption (Scope 1), electricity usage (Scope 2), employee commuting (Scope 3)
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Scope 2 reduced by 30.7% 🟢
- Waste management initiatives 🟢
- Solar panel adoption 🌞
- Expanded into sustainable markets 🌱
Social Highlights
- 33.3% women in senior roles 🟢
- 37.5% women directors 🟢
- 44.1% water use reduction 🟢
- Community engagement 🥗
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable effort by Unitrade Industries Berhad in producing a detailed sustainability report for FY2024 🟢. The report excels in providing quantifiable metrics, such as a 30.7% reduction in Scope 2 emissions and 44.1% reduction in water consumption, demonstrating measurable outcomes. The adoption of GRI and TCFD frameworks adds structure to their disclosures. Additionally, forward-looking commitments like the Net Zero 2050 pledge and plans for time-bound KPIs in FY2025 are promising. However, the report has gaps, including the lack of third-party verification for GHG data and limited depth in social impact metrics ⚠️. Some sections, such as governance disclosures, rely on generic statements without specific evidence. To enhance credibility, Unitrade should pursue external assurance, provide more granular social data, and avoid vague commitments. Overall, the report offers a solid foundation but could benefit from greater specificity and validation.
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