DRB-HICOM BERHAD
Malaysia | 1619.KL | Main
Reference
Report Year: 2023
Source Files: DRB-HICOM_IAR_2023_-_Part_1.pdf, DRB-HICOM_IAR_2023_-_Part_2.pdf, DRB-HICOM_IAR_2023_-_Part_4.pdf
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- BRSC oversight 🟢
- SSC reviews 🟢
- ESG in Board agenda 🟢
Reporting
GRI, TCFD, Separate Report 🟢
GHG Accounting
DRB-HICOM demonstrates a commitment to GHG accounting with reporting on Scope 1, 2, and 3 emissions in 2023, aligning with Malaysia's NETR and net-zero by 2050 goal. Strengths include a Net-Zero Roadmap with clear targets like 20% renewable energy by 2035 and initiatives like solar PV projects avoiding 26,069 tCO₂e. However, the report lacks specific absolute emission figures and third-party verification, limiting transparency. Improvements are needed in providing detailed data for all scopes, establishing a clear baseline year for emissions, and pursuing external validation to enhance credibility. Scope 3 efforts focus on employee commuting reductions, but broader supply chain emissions need deeper exploration.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Reported 🟢 | Specific figures not disclosed in absolute terms. |
| Scope2 | Reported 🟢 | Specific figures not disclosed in absolute terms. |
| Scope3 | Reported 🟢 | Specific figures not disclosed; focus on employee commuting reduction initiatives. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: 2018 (for waste comparison, emissions baseline not specified)
- Boundary inventory: Group-wide operations
- Gwp basis: Not specified
- Standard: Not specified (aligned with national targets like NETR)
- Data collection approach: Group-wide tracking across operations
- Third party verification: Not mentioned
- Carbon intensity: Not reported ⚠️
Efforts
- 26,069 tCO₂e avoided 🟢
- 924 kg compost 🟢
- 55 MWp solar capacity 🌞
- EV fleet transition 🌱
Social Highlights
- 33% female managers 🟢
- 89% engagement score 🟢
- 1,675 talents identified 🟢
- 21.97 training hours 🟢
- RM2.3M community investment 🥗
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable Framework Alignment in DRB-HICOM’s 2023 sustainability report, with strong adherence to GRI and TCFD standards 🟢. The report showcases quantifiable actions like 26,069 tCO₂e emissions avoided through solar projects and a clear Net-Zero Roadmap targeting 20% renewable energy by 2035. Measurable outcomes such as 33% female representation at managerial levels and RM2.3 million in community investments reflect a solid social focus. Forward-looking commitments, including net-zero by 2050, align with national goals. However, gaps exist with limited absolute GHG data and no mention of third-party verification ⚠️, reducing transparency. Generic statements on climate action lack specificity in execution. The report could benefit from detailed emission figures, external validation, and deeper Scope 3 supply chain analysis to strengthen credibility and impact.
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