CHIN TECK PLANTATIONS BERHAD
Malaysia | 1929.KL | Main
Reference
Report Year: 2024
Source Files: Annual_Report_2024.md
Sustainability Committee
Sustainability Steering Team (Members Unknown) 🟢
- Board Oversight 🟢
- COO Leadership 🟢
Reporting
Bursa Malaysia Guide, Integrated Report 🟢
GHG Accounting
Chin Teck Plantations Berhad has initiated GHG tracking in FY2024, establishing a baseline for Scope 1 (62,055 tCO₂e), Scope 2 (408 tCO₂e), and limited Scope 3 (103 tCO₂e) emissions across its operational units. This marks a positive step toward understanding its carbon footprint. However, Scope 3 coverage is narrow, focusing only on business travel and commuting, missing broader supply chain impacts. Additionally, biogenic emissions from biomass usage in boilers are not reported, which is a significant gap given their relevance to the plantation sector. The absence of third-party verification and unspecified standards (e.g., GHG Protocol) limits data credibility. Improvements should include expanding Scope 3 reporting, incorporating biogenic emissions in the GHG inventory, and engaging external assurance for reliability.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 62,055 tCO₂e 🟢 | |
| Scope2 | 408 tCO₂e 🟢 | |
| Scope3 | 103 tCO₂e 🟢 | Limited to business travel and employee commuting ⚠️ |
| Biogenic emissions | Not reported despite biomass usage ⚠️ | Biomass used as fuel in boilers but not included in GHG inventory. |
Other Details
- Base year: 2024
- Boundary inventory: Operational control (4 estates, 5 operating units)
- Gwp basis: Unknown
- Standard: Not specified
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- GHG tracking started 🟢
- Organic waste repurposed 🟢
- Solar panel study 🌞
- Cover crops for conservation 🌱
Social Highlights
- RM123,196 for communities 🟢
- 155 beneficiaries 🥗
- 1,317 trained on safety 🟢
- 9,440 training hours 🟢
- 18 new quarters built 🥗
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable Initial Steps in sustainability reporting by Chin Teck Plantations Berhad for FY2024 🟢. The integrated report, aligned with Bursa Malaysia’s Sustainability Reporting Guide, provides a structured overview of ESG performance with quantifiable metrics such as GHG emissions (Scope 1: 62,055 tCO₂e), training hours (9,440), and community investment (RM123,196). Forward-looking commitments, like adopting MSPO 2.0 and solar energy studies, demonstrate proactive intent. However, the report has gaps ⚠️: limited Scope 3 coverage, absence of biogenic emissions despite biomass usage, and lack of third-party verification reduce data reliability. Generic statements on governance and environmental goals often lack measurable outcomes or timelines. To enhance credibility, the company should incorporate external assurance, expand GHG inventory scope, and set specific, time-bound targets. Overall, the report lays a solid foundation but could benefit from deeper detail and validation.
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