HE GROUP BERHAD
Malaysia | 0296.KL | ACE
Reference
Report Year: 2023
Source Files: HE_Group_Berhad_-_Annual_Report_2023_-_Part_2.pdf
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Safety oversight 🟢
Reporting
Bursa Malaysia Guide, Integrated Report 🟢
GHG Accounting
HE Group Berhad's GHG accounting in 2023 lacks detailed reporting, with no data provided for Scope 1, 2, or 3 emissions. Key elements such as base year, boundary, GWP basis, and verification status are also absent, limiting transparency. While the company expresses intent to reduce carbon emissions through energy optimization and renewable energy initiatives like solar PV systems, the absence of quantifiable emission metrics hinders assessment of progress. A major gap is the lack of third-party verification, which could enhance credibility. To improve, HE Group should establish a clear GHG inventory, adopt recognized standards like GHG Protocol, set a base year, and pursue verification. This would provide stakeholders with a robust understanding of their environmental impact.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data available for Scope 1 emissions. |
| Scope2 | Not reported ⚠️ | No data available for Scope 2 emissions. |
| Scope3 | Not reported ⚠️ | No data available for Scope 3 emissions. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Not specified ⚠️
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Solar PV system (172kWp) 🌞
- Energy-efficient AC units 🌱
- Recycling initiatives 🟢
- Smart faucets planned 🌊
Social Highlights
- 100+ staff trained 🟢
- 8 OHS programs 🟢
- Zero LTIs 🟢
- 5M safe hours award 🥗
- Limited data available ⚠️ (Additional social impact metrics not provided.)
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable initial effort by HE Group Berhad in their inaugural sustainability statement for 2023 🟢. The report outlines a clear commitment to environmental and social responsibility, with quantifiable actions such as the installation of a 172kWp solar PV system and training over 100 staff on safety standards. Recognition for achieving 5 million safe work hours without lost-time injuries is a notable outcome 🟢. However, the report lacks depth in GHG emissions data and third-party verification, relying on generic statements like 'optimizing energy consumption' without measurable metrics ⚠️. Forward-looking commitments, such as installing smart faucets, are mentioned but lack specific timelines or targets. To enhance future reports, HE Group should incorporate detailed emission inventories, pursue verification, and set clear, time-bound goals for sustainability initiatives. This would strengthen credibility and stakeholder trust.
Tags:
Looking for ESG Strategy & Improvement?
Disclaimer:
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.
Need Expert help?
Contact us TODAY for sustainability strategy, reporting, and outsourcing services.