VETECE HOLDINGS BERHAD
Malaysia | 0319.KL | ACE
Reference
Report Year: 2024
Source Files: VETECE_-_AR2024_(Final).pdf
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
GRI, Integrated Report 🟢
GHG Accounting
Vetece Holdings Berhad's sustainability report for 2024 lacks detailed information on GHG emissions accounting. There is no data provided for Scope 1, Scope 2, or Scope 3 emissions, nor is there mention of a base year, boundary, or inventory details. The report does not specify any standards or GWP basis for emissions calculation, and there is no indication of third-party verification. While the company expresses intent to reduce its carbon footprint through a Sustainability Roadmap, quantifiable metrics and current performance data are absent. To improve, Vetece should prioritize establishing a baseline for emissions, adopt recognized standards like the GHG Protocol, and consider third-party verification for credibility.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data provided in the report. |
| Scope2 | Not reported ⚠️ | No data provided in the report. |
| Scope3 | Not reported ⚠️ | No data provided 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 ⚠️
Social Highlights
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
Report Quality
Room for Improvement in Vetece Holdings Berhad's 2024 sustainability report. While the company demonstrates a commitment to integrating sustainability into its operations and aligns with frameworks like GRI, the report lacks quantifiable actions and measurable outcomes ⚠️. Statements about developing a Sustainability Roadmap and reducing carbon footprint are promising, but they remain vague without specific metrics or timelines. There are no details on GHG emissions, social initiatives with impact numbers, or forward-looking commitments with clear targets. The absence of a dedicated Sustainability Committee also limits accountability. To enhance future reports, Vetece should include specific, verifiable data on emissions and social impacts, establish clear short-term and long-term goals, and consider third-party verification for credibility. This will transform intent into actionable, transparent progress 🟢.
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.