SYNERGY HOUSE BERHAD

Malaysia | 0279.KL | ACE

By Sustify.world AI model | 2025-05-25
Synergy House Berhad, an investment holding company, engages in the design, development, sale, export, and trading of ready-to-assemble home furniture in the United Kingdom, the United Arab Emirates, and the United States of America. The company offers wardrobes, bunk beds, study desks, chest drawers, cabin beds, nightstands, television cabinets, sideboards, coffee tables, dining tables, dining chairs, and benches. It sells its products under TOMATO Kidz, TOMATO Home, and Synergy House Furniture brands, through online retailers, chain-store retailers, and wholesalers, as well as directly through an in-house online store and third-party e-commerce platforms, Lazada and Shopee. Additionally, the company distributes its products in Malaysia, Belgium, Ireland, Australia, India, Lebanon, Indonesia, Singapore, Thailand, and Brunei. The company was founded in 1990 and is headquartered in Shah Alam, Malaysia.

Reference

Report Year: 2023
Source Files: Synergy_House_Berhad_Annual_Report_2023.md

Sustainability Committee

No sustainability committee formed ⚠️

Reporting

Integrated Report, No specific framework mentioned ⚠️

GHG Accounting

Synergy House Berhad's 2023 sustainability report lacks comprehensive data on GHG emissions accounting. No Scope 1, 2, or 3 emissions are reported, and critical details such as base year, boundary, GWP basis, and verification status are absent. While the company mentions eco-friendly materials like wood panel products, there is no quantifiable environmental impact data to support these claims. Significant improvements are needed, including establishing a GHG inventory, adopting a recognized standard like the GHG Protocol, and ensuring third-party verification for credibility. Addressing these gaps will enhance transparency and align the company with global sustainability expectations.

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

  • Base year: Not reported ⚠️
  • Boundary inventory: Not reported ⚠️
  • Gwp basis: Not reported ⚠️
  • Standard: Not reported ⚠️
  • Data collection approach: Not reported ⚠️
  • Third party verification: Not reported ⚠️
  • Carbon intensity: Not reported ⚠️

Efforts

  • Eco-friendly materials 🌱

Social Highlights

  • 165 employees 🟢
  • Multiple training programs 🥗
  • Limited data available ⚠️
  • Limited data available ⚠️
  • Limited data available ⚠️

Governance

  • Salary disclosure: Can't find ⚠️
  • Litigation: Can't find ⚠️

Report Quality

Room for Improvement in Synergy House Berhad's 2023 sustainability report. While the report demonstrates a basic commitment to sustainability through mentions of eco-friendly materials and employee training, it lacks quantifiable actions and measurable outcomes ⚠️. Critical areas such as GHG emissions, specific environmental targets, and social impact metrics are not addressed. The absence of forward-looking commitments or forecasting (e.g., net-zero targets) limits the report's strategic value. Generic statements like 'committed to environmental sustainability' are present but unsupported by data or evidence. To enhance credibility, the company should adopt recognized frameworks like GRI or TCFD, provide detailed emissions data, and incorporate third-party verification 🟢. Including specific, time-bound goals and measurable outcomes would strengthen the report's impact and transparency. Overall, this report provides a starting point but requires significant enhancement to meet global sustainability reporting standards.

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This is AI model generated summary based on certain rules set by Sustify.world perspective. If the reader finds the information is incorrect, they can always approach us by sending email admin@sustify.world.

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