WELLSPIRE HOLDINGS BERHAD
Malaysia | 0271.KL | ACE
Reference
Report Year: 2023
Source Files:
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
Integrated Report, No specific framework mentioned ⚠️
GHG Accounting
Wellspire Holdings Berhad has initiated GHG accounting by reporting Scope 2 emissions at 106.34 tCO₂e for 2023, derived from electricity consumption across operations in Malaysia and Thailand. The use of the GHG Protocol as a standard is a positive step. However, significant gaps remain, including the absence of Scope 1 and Scope 3 data, no base year for comparison, and lack of third-party verification. The report also omits carbon intensity metrics and a clear GWP basis. To strengthen their GHG accounting, Wellspire should prioritize comprehensive data collection for all scopes, establish a base year, and seek third-party verification to enhance credibility and transparency in future disclosures.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | Scope 1 emissions not disclosed in the report. |
| Scope2 | 106.34 tCO₂e 🟢 | Based on electricity consumption data. |
| Scope3 | Not reported ⚠️ | Scope 3 emissions not disclosed in the report. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Operational control 🟢
- Gwp basis: Not specified ⚠️
- Standard: GHG Protocol 🟢
- Data collection approach: Electricity data 🟢
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Monitored electricity usage 🟢
- Waste management review 🟢
- LED lights adopted 🌞
- Auto sensor lighting 🌱
Social Highlights
- 876 training hours 🟢
- RM30,503 community investment 🥗
- Employee engagement events 🟢
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable initial steps by Wellspire Holdings Berhad in their second sustainability statement for 2023 🟢. The report provides a foundation with quantifiable data on Scope 2 emissions (106.34 tCO₂e) and electricity consumption (259.573 MWh), alongside social contributions like RM30,503 for community initiatives. However, the lack of a dedicated sustainability committee and specific frameworks like GRI or TCFD limits structured progress ⚠️. Measurable outcomes are sparse, with no targets or forward-looking commitments beyond vague intentions to 'review' practices. Generic statements such as 'committed to sustainability' lack supporting evidence. To improve, Wellspire should establish a sustainability committee, adopt recognized reporting frameworks, set clear targets (e.g., emission reductions by 2030), and incorporate third-party verification for credibility. Enhanced disclosures on Scope 1 and 3 emissions and waste data would also strengthen future reports.
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