MALAYSIAN RESOURCES CORPORATION BERHAD
Malaysia | 1651.KL | Main
Reference
Report Year: 2022
Source Files: MRCB_IAR2022_Part_1.md, MRCB_IAR2022_Part_2.md
Sustainability Committee
Sustainability Management Committee (Members Unknown) 🟢
- Quarterly Board updates 🟢
- Climate risk oversight 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
MRCB demonstrates a robust approach to GHG accounting with Scope 1 and Scope 2 emissions reported and a 65% reduction in carbon intensity since the 2020 baseline, verified by the British Standards Institution 🟢. Scope 3 reporting has expanded to cover 64% of supply chain value, showing progress. The use of the GHG Protocol ensures standardized reporting, and alignment with a 1.5°C scenario (4.2% annual reduction target) is commendable. However, detailed numerical data for emissions is lacking in the provided content, limiting full transparency. Improvements could include comprehensive Scope 3 coverage and public disclosure of absolute emission figures alongside reductions to enhance accountability and stakeholder trust.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Reported 🟢 | Specific data not detailed in the provided content. |
| Scope2 | Reported 🟢 | Specific data not detailed in the provided content. |
| Scope3 | Partially Reported 🟢 | Expanded to include 64% of supply chain by value. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Base Year: 2020 🟢
- Boundary inventory: Owned, Managed, Leased Assets 🟢
- Gwp basis: GHG Protocol 🟢
- Standard: GHG Protocol 🟢
- Third party verification: Verified by British Standards Institution 🟢
- Carbon intensity: 65% reduction, verified 🟢
Efforts
- 65% reduction 🟢
- 3Rs policy 🟢
- Renewable Energy Certificates 🌞
- Modular construction 🌱
Social Highlights
- Aid to vulnerable groups 🥗
- School renovations 🥗
- Safety training 🥗
- Gender equality initiatives 🥗
- Employment for offenders 🥗
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable effort by MRCB in integrating sustainability into its 2022 report 🟢. The report showcases quantifiable actions like a 65% reduction in Scope 1 and 2 carbon intensity and the adoption of modular construction through the MRCB Building System. Third-party verification by the British Standards Institution adds credibility to the data. Forward-looking commitments, such as the 4.2% annual emission reduction target aligned with a 1.5°C scenario, are promising 🟢. However, the report lacks detailed numerical data for emissions and has limited transparency on Scope 3 coverage ⚠️. Some sections include generic statements like 'committed to sustainability' without measurable outcomes. To improve, MRCB could provide absolute emission figures, expand Scope 3 reporting, and include more specific social impact metrics. Overall, the report provides a solid foundation but could benefit from deeper data disclosure and less reliance on qualitative descriptions.
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