MALAYSIA BUILDING SOCIETY BERHAD
Malaysia | 1171.KL | Main
Reference
Report Year: 2023
Source Files: MBSB_IAR_2023_Part_1.pdf, MBSB_IAR_2023_Part_2.pdf
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Board oversight 🟢
- Net Zero strategy approved 🟢
Reporting
Bursa Malaysia Guide, BNM CRMSA, Integrated Report 🟢
GHG Accounting
MALAYSIA BUILDING SOCIETY BERHAD's 2023 sustainability report lacks detailed GHG accounting data. There is no specific information on Scope 1, 2, or 3 emissions, base year, or carbon intensity metrics. While the report highlights a commitment to environmental stewardship and climate risk management, the absence of quantifiable emissions data and verification status is a significant gap. Strengths include the integration of climate risk into risk policies and participation in the Joint Committee on Climate Change (JC3). However, improvements are needed in establishing a clear GHG inventory, adopting recognized standards like GHG Protocol, and pursuing third-party verification to enhance credibility and transparency in reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No specific data on Scope 1 emissions provided. |
| Scope2 | Not reported ⚠️ | No specific data on Scope 2 emissions provided. |
| Scope3 | Not reported ⚠️ | No specific data on Scope 3 emissions provided. |
| 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 specified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Environmental risk integration 🟢
- Climate Risk Policy 🌱
- Not reported ⚠️
- Green portfolio expansion 🌱
Social Highlights
- Climate risk training 🟢
- SME and community support 🥗
- Limited data available ⚠️ (Insufficient measurable social initiatives reported.)
- Limited data available ⚠️ (Insufficient measurable social initiatives reported.)
- Limited data available ⚠️ (Insufficient measurable social initiatives reported.)
Governance
- Salary disclosure: Can't find ⚠️
Report Quality
Commendable framework development by MALAYSIA BUILDING SOCIETY BERHAD in their 2023 integrated sustainability report 🟢. The report demonstrates a structured approach to sustainability with a refined Sustainability Framework and integration of ESG considerations into operations. Strengths include the focus on climate risk management, participation in industry platforms like JC3, and board-level oversight on sustainability matters. However, the report falls short on quantifiable actions and measurable outcomes ⚠️, particularly in GHG emissions data and specific social impact metrics. Generic commitments like 'environmental stewardship' lack supporting evidence or targets. Forward-looking commitments such as the Net Zero strategy are noted, but timelines or detailed plans are missing. To improve, the company should incorporate specific metrics, pursue third-party verification for credibility, and provide clearer targets for sustainability goals.
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