YX PRECIOUS METALS BHD
Malaysia | 0250.KL | Main
Reference
Report Year: 2023
Source Files: YXPM_Annual_Report_2023.md
Sustainability Committee
Sustainability Working Group (4 pax) 🟢
- Monitors sustainability risks 🟢
- Implements strategies 🟢
Reporting
Bursa Malaysia Guide, UNSDGs, Integrated Report 🟢
GHG Accounting
YX Precious Metals BHD has initiated GHG emissions monitoring in 2023, covering Scope 1 (vehicles and LPG usage), Scope 2 (electricity purchases), and partial Scope 3 (employee commuting and business travel) under the GHG Protocol. The use of UK Government GHG Conversion Factors ensures standardized calculations, which is a positive step. However, specific emission values are undisclosed, limiting transparency. Additionally, the absence of a base year, third-party verification, and carbon intensity metrics hampers comparability and credibility. The company should focus on full Scope 3 reporting, disclose absolute emission figures, and pursue verification to enhance accountability. This foundational effort can be strengthened with clearer targets and detailed data for stakeholders.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Reported (value undisclosed) 🟢 | Data based on fuel volume estimates from vehicle and LPG usage. |
| Scope2 | Reported (value undisclosed) 🟢 | Data based on purchased electricity for office and factories. |
| Scope3 | Partially Reported ⚠️ | Only covers employee commuting and business travel. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Operational control 🟢
- Gwp basis: UK GHG Conversion Factors 🟢
- Standard: GHG Protocol 🟢
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- GHG monitoring initiated 🟢
- Recycling initiative 🟢
- Resource efficiency 🌞
- Recycled materials 🌱
Social Highlights
- 104 hours safety training 🟢
- 702 hours other training 🟢
- RM 50k for welfare 🥗
- Zero fatalities 🟢
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable initial steps by YX Precious Metals BHD in embedding sustainability into their operations with the 2023 integrated report 🟢. The establishment of a Sustainability Working Group and alignment with the Bursa Malaysia Sustainability Reporting Guide demonstrate a structured approach. Quantifiable actions, such as training hours (806 total) and community investments (RM 50,000), provide measurable outcomes, which is a strength. However, the report lacks depth in GHG emissions data, with undisclosed values and no third-party verification ⚠️. Forward-looking commitments, like net-zero targets, are absent, and some statements remain generic, such as 'commitment to sustainability' without evidence of impact. To improve, the company should disclose detailed emission figures, set clear targets, and pursue verification for credibility. This report lays a solid foundation but requires more specificity and ambition to fully reflect sustainability performance.
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