UNITED PLANTATIONS BERHAD
Malaysia | 2089.KL | Main
Reference
Report Year: 2024
Source Files: UPAR2024_PART03.pdf, UPAR2024_PART02.pdf, UPAR2024_PART01.pdf
Sustainability Committee
Group Sustainability Committee 🟢
- Bi-annual meetings 🟢
- Reviewed objectives 🟢
Reporting
GRI, SASB, IFRS S1, IFRS S2, TCFD, Integrated Report 🟢
GHG Accounting
United Plantations Berhad demonstrates a strong commitment to GHG accounting with a 60% reduction in emissions per kg of palm oil since 2004, achieving their 2025 target early. Their third-party verified data by BSI covers Scope 1 (0.91 kg CO₂e/kg), Scope 2 (0.07 kg CO₂e/kg), and Scope 3 (0.49 kg CO₂e/kg) for 2024, using LCA studies aligned with ISO standards. A new target of 66% reduction by 2030 shows ambition, supported by investments in biogas plants and biomass utilization (99.7%). However, Scope 3 reporting could be more detailed, and carbon intensity metrics are absent. Aligning with SBTi before 2025 is a positive step, but clearer GWP basis disclosure is needed for transparency.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 0.91 kg CO₂e/kg 🟢 | |
| Scope2 | 0.07 kg CO₂e/kg 🟢 | |
| Scope3 | 0.49 kg CO₂e/kg 🟢 | |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported for energy production. |
Other Details
- Base year: 2004
- Boundary inventory: Covers operations in Malaysia and Indonesia, including upstream and downstream activities
- Gwp basis: Not specified in report
- Standard: Aligned with GHG Protocol and ISO 14040/14044 for LCA studies
- Data collection approach: Life Cycle Assessment (LCA) studies updated annually, including iLUC and nature conservation
- Third party verification: Verified by BSI 🟢
- Carbon intensity: Not specified ⚠️
Efforts
- 60% reduction 🟢
- 99.7% biomass recycled 🟢
- 6,945 MWh green energy 🌞
- 607 km railway network 🌱
Social Highlights
- 6,521 employees trained 🟢
- 850 smallholders supported 🟢
- MYR 497,683 community investment 🟢
- 80% smallholder participation 🟢
- 276 students engaged 🥗
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable effort by United Plantations Berhad in their 2024 Sustainability Report 🟢. The report offers a comprehensive overview with quantifiable metrics like a 60% GHG emission reduction since 2004 and 99.7% biomass recycling, supported by third-party verification from BSI. The adoption of multiple frameworks (GRI, SASB, IFRS S1/S2, TCFD) and detailed social impact data (e.g., training 6,521 employees) reflect a strong commitment. Forward-looking commitments, such as a 66% GHG reduction by 2030, add credibility. However, gaps exist ⚠️: Scope 3 emissions lack granularity, carbon intensity metrics are missing, and some social initiatives lack deeper impact assessment. The report occasionally includes generic statements like 'commitment to sustainability' without specific evidence. To improve, they could enhance Scope 3 transparency and provide measurable outcomes for social programs. Overall, a solid foundation with room for sharper focus on data depth and specificity.
Tags:
Looking for ESG Strategy & Improvement?
Disclaimer:
This is AI model generated summary based on certain rules set by Sustify.world perspective. If the reader finds the information is incorrect, they can always approach us by sending email admin@sustify.world.
Need Expert help?
Contact us TODAY for sustainability strategy, reporting, and outsourcing services.