MANULIFE HOLDINGS BERHAD
Malaysia | 1058.KL | Main
Reference
Report Year: 2023
Source Files:
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
Integrated Report, No specific framework mentioned ⚠️
GHG Accounting
Manulife Holdings Berhad's sustainability report for 2023 lacks comprehensive GHG accounting data. There is no reporting on Scope 1, 2, or 3 emissions, nor details on base year, boundary, or verification status. While a minor mention of CO2 savings (0.33 tonnes) from public transport usage is noted, it does not constitute formal GHG accounting. Key gaps include the absence of standardized frameworks like GHG Protocol and third-party verification. The company should prioritize establishing a structured emissions inventory, adopt recognized standards, and set measurable reduction targets to enhance transparency and accountability in future reports.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data available on Scope 1 emissions. |
| Scope2 | Not reported ⚠️ | No data available on Scope 2 emissions. |
| Scope3 | Not reported ⚠️ | No data available on Scope 3 emissions. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not reported ⚠️
- Boundary inventory: Not reported ⚠️
- Gwp basis: Not reported ⚠️
- Standard: Not reported ⚠️
- Data collection approach: Not reported ⚠️
- Third party verification: Not reported ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Saved 0.33 tCO2 🟢
- 250kg waste removed 🟢
- Urban gardening initiative 🌱
- Recycled materials used 🌱
Social Highlights
- 91 women trained 🟢
- 150 individuals supported 🥗
- 400+ youths engaged 🥗
- 327 volunteer hours 🟢
- 29 litres blood donated 🥗
Governance
- Salary disclosure: Can't find ⚠️
Report Quality
Commendable community focus is evident in Manulife Holdings Berhad's 2023 sustainability report, with detailed social initiatives like training 91 women and supporting 150 individuals in rural Sabah 🟢. The report highlights measurable outcomes in volunteer hours (327) and environmental actions like waste removal (250kg). However, significant gaps exist in GHG accounting and governance disclosure ⚠️. There are no emissions data, frameworks, or third-party verification, and vague commitments to sustainability lack forward-looking targets. The integrated report could benefit from adopting standards like GRI or TCFD, setting quantifiable environmental goals (e.g., net-zero by a specific year), and enhancing transparency on executive compensation and litigation. Overall, while social efforts are strong, a more structured approach to environmental and governance reporting is needed for a holistic sustainability profile.
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