SBH MARINE HOLDINGS BERHAD
Malaysia | 0300.KL | ACE
Reference
Report Year: 2023
Source Files:
Sustainability Committee
Sustainability Team (Members Unknown) 🟢
- Program implementation 🟢
- Results assessment 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
SBH Marine Holdings Berhad demonstrates an initial commitment to GHG accounting by establishing 2023 as a baseline year for electricity usage (5,067k kWh) across its seafood processing and aquaculture operations. Strengths include identifying Scope 1 as low direct emissions and tracking Scope 2 emissions through electricity consumption. However, key gaps exist: Scope 3 emissions are not reported, and there is no conversion of electricity usage into tCO₂e, limiting clarity on total carbon footprint. Additionally, the absence of third-party verification and unspecified standards (e.g., GHG Protocol) weakens credibility. Improvements are needed in comprehensive Scope 3 reporting, adopting a recognized standard, and seeking external verification to enhance transparency and accountability in future reports.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Low direct emissions 🟢 | Specific data not provided ⚠️ |
| Scope2 | 5,067k kWh (indirect) 🟢 | Converted to GHG emissions not specified ⚠️ |
| Scope3 | Not reported ⚠️ | Scope 3 emissions not included in report ⚠️ |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: 2023
- Boundary inventory: Seafood processing and aquaculture shrimp farming operations
- Gwp basis: Not specified
- Standard: Not specified
- Data collection approach: Electricity usage tracking
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Electricity reduction strategies 🟢
- Energy-efficient tech adoption 🌞
- Renewable energy exploration 🌱
- Wastewater treatment plant 🟢
Social Highlights
- 298 diverse employees 🟢
- Community enrichment 🥗
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
Report Quality
Promising Start with Room for Growth 🟢. SBH Marine Holdings Berhad’s first sustainability statement since listing on the ACE Market provides a solid foundation for sustainability reporting. The report highlights a structured governance framework with a dedicated Sustainability Team and alignment with frameworks like GRI and TCFD. Quantifiable data, such as electricity usage (5,067k kWh in 2023), demonstrates an intent to track environmental impact. However, limitations are evident ⚠️: GHG emissions lack conversion to tCO₂e, Scope 3 is unreported, and there’s no third-party verification. Social and governance disclosures are minimal, with vague references to community enrichment and no measurable outcomes for many initiatives. Forward-looking commitments, like reducing electricity usage, are noted but lack specific targets. SBH could enhance credibility by incorporating verified data, setting clear goals (e.g., net-zero timelines), and providing detailed social impact metrics.
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