CRITICAL HOLDINGS BERHAD
Malaysia | 0291.KL | ACE
Reference
Report Year: 2024
Source Files: CHB_-_Annual_Report_2024.md
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
GRI, Integrated Report 🟢
GHG Accounting
Critical Holdings Berhad's sustainability report for 2024 mentions a focus on carbon footprint as a material sustainability matter under the environmental pillar. However, there is a significant lack of detailed data on GHG emissions, including Scope 1, 2, and 3 emissions, base year, and inventory boundaries. No information is provided on the GWP basis, standards used, or third-party verification, which limits the transparency and credibility of their environmental impact reporting. A key area for improvement is to provide quantifiable emission data and adopt a structured GHG accounting framework with third-party verification to enhance accountability. While the report highlights a commitment to environmental stewardship, the absence of measurable outcomes restricts a comprehensive assessment of their efforts.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No specific data on Scope 1 emissions provided. |
| Scope2 | Not reported ⚠️ | No specific data on Scope 2 emissions provided. |
| Scope3 | Not reported ⚠️ | No specific data on Scope 3 emissions provided. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
Efforts
- Waste reduction initiatives 🟢
Social Highlights
- Zero incidents 🟢
- Employee training 🟢
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable initial effort by Critical Holdings Berhad in presenting their inaugural sustainability statement for FYE 2024 🟢. The report demonstrates a commitment to ESG principles and aligns with the GRI framework, which is a positive step. However, it falls short on quantifiable actions and measurable outcomes, particularly in environmental reporting such as GHG emissions and carbon footprint data ⚠️. Social initiatives like employee training and safety (zero incidents in FYE 2024) are highlighted, but lack specific numbers or impact metrics. Governance disclosures adhere to Malaysian corporate guidelines, yet salary transparency and litigation details are missing. Forward-looking commitments or targets are also absent. The company could improve by incorporating verifiable data, setting clear sustainability goals, and providing deeper insights into social and environmental impacts. This would elevate the report from a foundational narrative to a robust accountability tool.
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