WENTEL ENGINEERING HOLDINGS BERHAD
Malaysia | 0298.KL | ACE
Reference
Report Year: 2023
Source Files: Wentel_-_Annual_Report_2023.md
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Led by Environmental Committee 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
Wentel Engineering's GHG accounting in 2023 is underdeveloped, with no specific data on Scope 1, 2, or 3 emissions provided in the report. While initiatives like LED lighting upgrades suggest an intent to reduce Scope 2 emissions, quantifiable metrics are absent. The lack of a base year, boundary details, and third-party verification limits transparency and credibility. Energy consumption data (e.g., 3,045,991 kWh in FY2023) is reported, but it is not linked to emissions. The company should prioritize establishing a comprehensive GHG inventory, adopting a recognized standard like the GHG Protocol, and seeking third-party verification to enhance reporting quality. Including Scope 3 emissions and carbon intensity metrics would further demonstrate commitment to climate action.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | Scope 1 emissions data not disclosed in the report. |
| Scope2 | Not reported explicitly ⚠️ | Scope 2 emissions mentioned in context of LED lighting upgrades but no specific data provided. |
| Scope3 | Not reported ⚠️ | Scope 3 emissions data not disclosed in the report. |
| 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 ⚠️
- Data collection approach: Not specified ⚠️
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- LED lighting upgrade 🟢
- 1,440 tonnes waste diverted 🟢
- Solar lighting adopted 🌞
- Reduce, reuse, recycle 🌱
Social Highlights
- 1.72% turnover rate 🟢
- MoU with UTeM 🥗
- RM15,000 community contribution 🥗
- Beach Heroes 2.0 cleanup 🥗
- Blood donation & recycling 🥗
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable initial effort by Wentel Engineering in their inaugural 2023 sustainability report 🟢. The report aligns with GRI standards and integrates sustainability into corporate governance, reflecting a strong foundation. Quantifiable actions, such as 1,440 tonnes of waste diverted and energy-saving initiatives like LED upgrades, are positive highlights. However, the report lacks depth in GHG emissions data, with no specific Scope 1, 2, or 3 metrics provided ⚠️, limiting the ability to assess environmental impact. Forward-looking commitments, such as obtaining ISO 14001 certification by 2026, are noted, but more measurable targets (e.g., emission reduction goals) are needed. The social pillar shows impactful community initiatives, yet governance disclosures are minimal. Wentel could improve by incorporating third-party verification for environmental data and setting clearer, time-bound sustainability targets.
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