COSMOS TECHNOLOGY INTERNATIONAL BERHAD
Malaysia | 0261.KL | ACE
Reference
Report Year: 2024
Source Files: CTIB-Annual_Report_2024.md
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
Integrated Report, No specific framework mentioned ⚠️
GHG Accounting
Cosmos Technology International Berhad's 2024 sustainability report lacks comprehensive GHG accounting. No data is provided for Scope 1, 2, or 3 emissions, and critical details such as base year, boundary, GWP basis, and verification status are absent. While the report mentions efforts to reduce carbon footprint through car-pooling, there are no quantifiable metrics or targets to assess impact. Key improvement is needed in establishing a structured GHG inventory with absolute emission figures and third-party verification to enhance credibility. Adopting frameworks like the GHG Protocol and setting clear reduction targets would strengthen their environmental accountability and align with global standards.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data on Scope 1 emissions provided. |
| Scope2 | Not reported ⚠️ | No data on Scope 2 emissions provided. |
| Scope3 | Not reported ⚠️ | No data on Scope 3 emissions provided. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
Efforts
- Car-pooling initiatives 🟢
- 3R principles adopted 🟢
- Eco-friendly air-conditioning 🌞
Social Highlights
- MoU with UTAR 🟢
- 2 employees trained in OSH 🟢
- Zero lost time incidents 🟢
- 33% female Board members 🟢
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable initial steps are evident in Cosmos Technology International Berhad's 2024 integrated sustainability report 🟢. The report highlights efforts in environmental conservation (e.g., car-pooling, 3R principles) and social initiatives (e.g., MoU with UTAR). However, it falls short in providing quantifiable metrics and measurable outcomes for key areas like GHG emissions, where no data or targets are disclosed ⚠️. Generic statements such as 'committed to sustainability' lack supporting evidence or specificity. Forward-looking commitments are vague, with no clear targets like net-zero goals. To improve, the company should adopt a recognized reporting framework (e.g., GRI), include absolute emission figures, seek third-party verification, and set specific, time-bound sustainability goals. This would enhance transparency and credibility, building on the solid foundation already established.
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