MENANG CORPORATION (M) BERHAD
Malaysia | 1694.KL | Main
Reference
Report Year: 2024
Source Files: Menang-Annual_Report_2024.md
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
Bursa Malaysia MMLR, Integrated Report 🟢
GHG Accounting
Menang Corporation's GHG accounting efforts are currently underdeveloped. The FY2024 sustainability statement lacks any quantifiable data on Scope 1, Scope 2, or Scope 3 emissions, with no mention of base years, boundaries, or standards used for GHG reporting. Additionally, there is no evidence of third-party verification or carbon intensity metrics, which are critical for credibility. While the report acknowledges environmental considerations, it falls short of providing measurable outcomes. To improve, the company should establish a comprehensive GHG inventory, adopt recognized standards like the GHG Protocol, and consider external assurance to enhance transparency and accountability in their environmental reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data available for Scope 1 emissions. |
| Scope2 | Not reported ⚠️ | No data available for Scope 2 emissions. |
| Scope3 | Not reported ⚠️ | No data available for Scope 3 emissions. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not reported ⚠️
- Boundary inventory: Not reported ⚠️
- Gwp basis: Not reported ⚠️
- Standard: Not reported ⚠️
- Data collection approach: Not reported ⚠️
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Social Highlights
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Room for improvement in Menang Corporation's FY2024 sustainability statement. The report provides a basic overview of sustainability priorities and stakeholder engagement, which is a positive starting point 🟢. However, it lacks quantifiable actions and measurable outcomes across environmental, social, and governance aspects ⚠️. Generic statements about commitment to sustainability are present, but they are not supported by specific metrics or evidence of impact. There are no forward-looking commitments or targets, such as net-zero goals, to guide future progress. To enhance the report's quality, the company should include detailed data on emissions, social initiatives with measurable impact, and governance disclosures like executive compensation. Incorporating third-party verification and setting clear, time-bound sustainability targets would significantly improve transparency and accountability.
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