ZANTAT HOLDINGS BERHAD
Malaysia | 0301.KL | ACE
Reference
Report Year: 2023
Source Files: Zantat_-_IAR2023_(Part_1).pdf
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- 3-tier governance system 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
Zantat Holdings Berhad has taken initial steps in GHG accounting by measuring and disclosing emissions across Scope 1, Scope 2, and Scope 3 for FY2023, focusing on production operations at Perak and KL plants. A key strength is the comprehensive boundary coverage at the group level. However, the report lacks specific emission figures, base year data, GWP basis, and adherence to a recognized standard like GHG Protocol. Third-party verification is not yet implemented, though plans to engage an independent party are noted as a positive intent. Improvements are needed in providing detailed quantitative data and establishing a clear baseline for tracking progress. Adopting a recognized standard and accelerating verification efforts would enhance credibility and transparency in their carbon reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Reported 🟢 | Specific data not provided in the report ⚠️ |
| Scope2 | Reported 🟢 | Specific data not provided in the report ⚠️ |
| Scope3 | Reported 🟢 | Related to quarrying activities; specific data not provided ⚠️ |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Group-level (Perak & KL) 🟢
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Data collection approach: Internal data collection →
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Initial carbon footprint measurement 🟢
- Recycled waste materials 🟢
- Reused IBC tanks 🟢
- Automation for sustainability 🌞
Social Highlights
- Zero injuries/fatalities 🟢
- Community engagement 🥗
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable First Effort by Zantat Holdings Berhad in their inaugural sustainability report for FY2023 🟢. The report demonstrates a strong foundation with the establishment of a three-tier sustainability governance system and alignment with frameworks like GRI and TCFD. The disclosure of GHG emissions across all scopes is a positive step, though quantifiable data and specific metrics are lacking, limiting the ability to assess tangible progress ⚠️. While initiatives like recycling and automation plans are noted, measurable outcomes or impact numbers are scarce. Forward-looking commitments, such as third-party verification and R&D upgrades, are promising but need concrete timelines. The report contains some generic statements on sustainability without supporting evidence. To improve, Zantat could include detailed metrics (e.g., emission reductions in tCO₂e) and set measurable targets for future reports. Enhancing data transparency and specificity will build greater stakeholder trust.
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