L&P GLOBAL BERHAD
Malaysia | 0268.KL | Main
Reference
Report Year: 2023
Source Files: LP_Global_Berhad-_Annual_Report_FY2023.md
Sustainability Committee
Sustainability Steering Committee (6 pax) 🟢
- Guided initiatives 🟢
- Reviewed matters 🟢
Reporting
UNSDGs, Bursa Malaysia Guide, Integrated Report 🟢
GHG Accounting
L&P Global Berhad demonstrates a commitment to GHG accounting with detailed reporting on Scope 1 (719 tCO₂e) and Scope 2 (1,416 tCO₂e) emissions for FYE 2023, calculated using IPCC emission factors. The data covers operations in Malaysia and Vietnam, derived from electricity bills and fuel consumption records. However, Scope 3 emissions are not reported, with compilation ongoing for FYE 2024. Additionally, the lack of third-party verification and carbon intensity metrics limits the credibility of the data. A key strength is the transparency in methodology, but improvements are needed in completing Scope 3 reporting and obtaining external assurance to align with global standards.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 719 tCO₂e 🟢 | |
| Scope2 | 1,416 tCO₂e 🟢 | |
| Scope3 | Not reported ⚠️ | Scope 3 data compilation in progress, to be reported in FYE 2024. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Operational control (Malaysia and Vietnam)
- Gwp basis: IPCC Fifth Assessment Report
- Standard: GHG Protocol (implied through emission factors)
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Solar panels installed 🌞
- 965 MT wood chips diverted 🟢
- 966 MT sawdust diverted 🟢
- Water-efficient technology 🌱
Social Highlights
- 387 employees trained 🟢
- 5,395 training hours 🟢
- RM35,660 community support 🥗
- RM10,000 for women's empowerment 🥗
- RM1,660 school donation 🥗
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable effort by L&P Global Berhad in presenting a comprehensive sustainability report for FYE 2023 🟢. The report excels in providing quantifiable metrics, such as Scope 1 and 2 emissions (719 and 1,416 tCO₂e respectively), waste diversion (965 MT wood chips), and social impact (RM35,660 in community contributions). Measurable outcomes in training (5,395 hours) and safety (LTIR at 1.82) further strengthen the report. However, gaps exist with missing Scope 3 emissions and lack of third-party verification ⚠️, reducing data credibility. Forward-looking commitments, like solar panel savings for FYE 2024, are noted but limited in scope. While the report avoids overly generic content, it could benefit from deeper forecasting and external assurance. Overall, it provides a solid foundation but should prioritize completing GHG inventory and validation for enhanced reliability.
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