ALLIANZ MALAYSIA BERHAD
Malaysia | 1163.KL | Main
Reference
Report Year: 2023
Source Files: AMB_IAR_2023_(Part_1)_Corporate.md, AMB_IAR_2023_(Part_2)_Governance.md
Sustainability Committee
Sustainability Committee (Local ESG Board) 🟢
- Regular ESG discussions 🟢
- Strategy oversight 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
Allianz Malaysia Berhad demonstrates a strong commitment to GHG accounting with a 76% reduction in total emissions per employee since 2019, exceeding their 50% reduction target for 2025. Third-party verification enhances credibility, and the use of i-REC certificates offsets 100% of Scope 2 emissions. Scope 1 and 3 emissions are well-documented, though Scope 3 is limited to business travel and commuting. A key strength is the operational control approach aligned with the GHG Protocol. However, carbon intensity metrics are missing, limiting performance benchmarking. Improvement could involve expanding Scope 3 coverage and reporting intensity metrics for a more comprehensive assessment.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 34.06 tCO₂e 🟢 | |
| Scope2 | 0 tCO₂e 🟢 | Offset by renewable energy certificates 🟢 |
| Scope3 | 1,447.8 tCO₂e 🟢 | |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: 2019
- Boundary inventory: Operational control approach as per GHG Protocol
- Gwp basis: DEFRA Guidelines
- Standard: GHG Protocol
- Third party verification: Verified 🟢
- Carbon intensity: Not reported ⚠️
Efforts
- 76% emission reduction 🟢
- 30% portfolio reduction target 🟢
- 52.1% waste reduction 🟢
- Hybrid work model 🌞
- Digital processes 🌱
Social Highlights
- 18,923 beneficiaries impacted 🟢
- 1,981 employees trained 🟢
- 2,600 youth engaged 🟢
- Flood survival training 🥗
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable effort by Allianz Malaysia Berhad in their 2023 Integrated Annual Report 🟢. The report showcases quantifiable actions such as a 76% reduction in GHG emissions per employee and impactful CSR initiatives benefiting 18,923 individuals. Third-party verification of environmental data adds credibility to their disclosures. Forward-looking commitments, like a 30% reduction in emission intensity for investments by 2025, demonstrate ambition. However, the report contains some generic content around social impact without deeper measurable outcomes ⚠️. Areas for improvement include providing carbon intensity metrics and expanding Scope 3 emission coverage. Additionally, governance disclosures lack transparency on executive compensation. Overall, the report provides a solid foundation but could benefit from more specific social impact metrics and comprehensive governance details.
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