GLOBAL ORIENTAL BERHAD
Malaysia | 1147.KL | Main
Reference
Report Year: 2024
Source Files: GOB_Annual_Report_2024.pdf
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Identifies material matters 🟢
- Manages risks 🟢
- Monitors performance 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
GLOBAL ORIENTAL BERHAD has initiated GHG accounting for FY2024, reporting Scope 1 (45.0 tCO₂e), Scope 2 (572.0 tCO₂e), and limited Scope 3 (173.2 tCO₂e) emissions, adhering to the GHG Protocol. Data covers fuel, electricity, and business travel, with clear methodology using UK and Malaysian emission factors. However, Scope 3 is incomplete, missing broader supply chain impacts. No third-party verification is mentioned, which limits credibility. The company could improve by expanding Scope 3 coverage, adopting external assurance, and reporting carbon intensity metrics to benchmark performance. Establishing a base year for tracking reductions over time is also recommended.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 45.0 tCO₂e 🟢 | |
| Scope2 | 572.0 tCO₂e 🟢 | |
| Scope3 | 173.2 tCO₂e (limited) 🟢 | Limited to business travel and employee commute ⚠️ |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Operational control across property development, retail, and HQ
- Gwp basis: UK Government GHG Conversion Factor 2023 (Scope 1 & 3), National Energy Commission GEF 2021 (Scope 2)
- Standard: GHG Protocol Corporate Accounting and Reporting Standard
- Third party verification: Not verified
- Carbon intensity: Not reported ⚠️
Efforts
- GHG reporting initiated 🟢
- 8.1 tonnes waste diverted 🟢
- GBI certification 🌞
- Sustainable design adopted 🌱
Social Highlights
- RM301K for community 🥗
- 300+ beneficiaries 🥗
- 271 training hours 🟢
- Zero LTIR 🟢
- Limited data available ⚠️
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can’t find ⚠️
Report Quality
Commendable start by GLOBAL ORIENTAL BERHAD in their FY2024 sustainability report with quantifiable metrics like GHG emissions (Scope 1: 45.0 tCO₂e, Scope 2: 572.0 tCO₂e) and waste diversion (8.1 tonnes) 🟢. The integration of GRI standards and alignment with UN SDGs reflect a structured approach. Social impact data, such as community investment (RM301K), adds depth. However, generic statements like 'committed to sustainability' lack supporting evidence ⚠️, and the absence of third-party verification for GHG data reduces credibility. Forward-looking commitments, such as net-zero targets, are missing. The company could enhance the report by incorporating external assurance, expanding Scope 3 emissions coverage, and setting measurable future goals. Overall, a solid foundation but with room for deeper specificity and accountability.
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