SFP TECH HOLDINGS BERHAD
Malaysia | 0251.KL | ACE
Reference
Report Year: 2023
Source Files: SFP_AR2023_final_BURSA.md
Sustainability Committee
Sustainability Working Group (Members Unknown) 🟢
- Monthly meetings 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
SFP Tech Holdings Berhad demonstrates a commitment to GHG accounting by reporting Scope 1 (135.7 tCO₂e) and Scope 2 (4,053.9 tCO₂e) emissions for 2023, with a base year of 2022. The company achieved an 11.5% reduction in GHG emission intensity compared to the baseline, showing progress towards its 20% reduction target by 2030. However, Scope 3 emissions are not reported, limiting the completeness of the inventory. Additionally, the data lacks third-party verification, which could enhance credibility. Improvement is needed in expanding the scope to include Scope 3 emissions and adopting external assurance for data reliability. Overall, the initial efforts provide a foundation, but more comprehensive reporting and validation are recommended.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 135.7 tCO₂e 🟢 | |
| Scope2 | 4,053.9 tCO₂e 🟢 | |
| Scope3 | Not reported ⚠️ | Scope 3 emissions disclosure planned for future years |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: 2022
- Boundary inventory: Operational control for Scope 1 and 2
- Gwp basis: The Carbon Trust, Energy and Carbon Conversions 2009 Update; SEDA 2016 Baseline CO2 for Peninsular
- Standard: Not specified
- Data collection approach: Fuel and electricity consumption data
- Third party verification: Not verified ⚠️
- Carbon intensity: 33.7 tCO₂e/RM mil, not verified ⚠️
Efforts
- 11.5% intensity reduction 🟢
- 75.76 tonnes recycled 🟢
- 100% LED lighting 🌞
- Solar panels planned 🌞
- Electric & hybrid vehicles 🌱
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable foundation in sustainability reporting by SFP Tech Holdings Berhad for 2023 🟢. The integrated report provides quantifiable metrics such as an 11.5% reduction in GHG emission intensity, 75.76 tonnes of recycled materials, and 1,816 training hours for employees, reflecting a data-driven approach. Measurable outcomes like zero workplace injuries and 85.4% customer satisfaction are notable strengths. However, the report lacks third-party verification for GHG data and does not cover Scope 3 emissions, limiting its comprehensiveness ⚠️. Forward-looking commitments, such as solar panel installation by 2024 and a 20% GHG intensity reduction by 2030, are promising but could be bolstered with detailed action plans. While generic statements like 'committed to sustainability' appear, they are often supported by specific targets. The company could benefit from external assurance, broader emission scope, and deeper governance disclosures to enhance credibility and transparency.
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