ECOSCIENCE INTERNATIONAL BERHAD
Malaysia | 0255.KL | ACE
Reference
Report Year: 2023
Source Files: Ecoscience_-_Annual_Report_2023.pdf
Sustainability Committee
ESG Committee (Size Unknown) 🟢
- Materiality Assessments 🟢
- Sustainability Oversight 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
Ecoscience International Berhad demonstrates a commitment to reducing GHG emissions with ambitious targets like carbon neutrality by 2030 and net-zero by 2050. The report highlights initiatives such as solar panel installations and a 10% energy consumption reduction target by 2030. However, critical gaps exist, as Scope 1, 2, and 3 emissions are not quantified, and key details like base year, boundary, and verification status are missing. This limits the ability to assess progress effectively. Improvements could include quantifying emissions data, adopting a clear GHG accounting standard, and seeking third-party verification to enhance credibility. Overall, while the strategic intent is evident, actionable metrics are needed for transparency.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No specific Scope 1 data provided in the report. |
| Scope2 | Not reported ⚠️ | No specific Scope 2 data provided in the report. |
| Scope3 | Not reported ⚠️ | No specific Scope 3 data provided in the report. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported for energy production. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Not specified ⚠️
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- 10% energy reduction target 🟢
- 40% GHG reduction target 🟢
- Electricity usage down 65% 🟢
- 20% water reduction 🟢
- Solar panels installed 🌞
- Recycled materials usage 🌱
Social Highlights
- 229 employees (up from 113) 🟢
- Zero discrimination cases 🟢
- RM20,000 for community welfare 🥗
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Promising Start with Room for Depth 🟢. Ecoscience International Berhad’s FY2023 sustainability report, integrated within its annual report, lays a solid foundation with clear commitments to ESG principles. The establishment of an ESG Committee and adoption of frameworks like GRI and TCFD are commendable steps. Quantifiable targets, such as a 10% energy reduction by 2030 and a 20% water usage reduction in FY2023, reflect a focus on measurable outcomes. However, the report falls short on critical data, particularly GHG emissions quantification across Scopes 1, 2, and 3, and lacks third-party verification ⚠️. Forward-looking commitments like net-zero by 2050 are noted, but without baseline data, progress tracking remains vague. Social and governance sections also lack depth in measurable impacts. To improve, the company should quantify emissions, enhance verification processes, and provide detailed social impact metrics. Overall, a constructive effort that needs more actionable evidence to match its ambitions.
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