GENTING PLANTATIONS BERHAD
Malaysia | 2291.KL | Main
Reference
Report Year: 2023
Source Files: GENP_Integrated_Annual_Report_2023_Part_1.md, GENP_Integrated_Annual_Report_2023_Part_2.md, GENP_Sustainability_Report_2023.md
Sustainability Committee
Sustainability Department 🟢
- Quarterly risk reporting 🟢
- Action recommendations 🟢
Reporting
GRI, Separate Report 🟢
GHG Accounting
Genting Plantations Berhad demonstrates a committed approach to GHG accounting with Scope 1 emissions reported at 188,944 tCO₂e for 2023, verified by ISCC External Audit 🟢. The use of EU Renewable Energy Directive and RSPO PalmGHG toolkits ensures standardized data collection. However, the absence of Scope 2 and Scope 3 data limits a comprehensive view of their carbon footprint ⚠️. A key strength is their target of achieving carbon neutrality by 2030, supported by initiatives like methane capture and zero discharge systems. Improvements are needed in reporting Scope 2 and 3 emissions to enhance transparency and align with global best practices. Expanding third-party verification across all scopes would further strengthen credibility.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 188,944 tCO₂e 🟢 | |
| Scope2 | Not reported ⚠️ | Scope 2 data not specified in the report |
| Scope3 | Not reported ⚠️ | Scope 3 data not specified in the report |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported for energy production. |
Other Details
Efforts
- Carbon neutrality by 2030 🟢
- Belt press for GHG reduction 🟢
- 1.4M mt biomass recycled 🟢
- Solar power exploration 🌞
- Zero discharge system 🌱
Social Highlights
- 23,833 employees trained 🟢
- RM3.4M community investment 🥗
- 15 scholars supported 🥗
- 32 schools supported 🥗
- 67 internships offered 🟢
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can't find ⚠️
Report Quality
Commendable effort by Genting Plantations Berhad in their 2023 Sustainability Report 🟢. The report provides a solid foundation with quantifiable actions such as achieving 188,944 tCO₂e for Scope 1 emissions and recycling 1.4 million metric tons of biomass. Measurable outcomes like third-party verification by ISCC and a clear target of carbon neutrality by 2030 demonstrate commitment. However, the lack of Scope 2 and 3 emissions data is a notable gap ⚠️, reducing the comprehensiveness of their GHG accounting. While forward-looking commitments are present, some sections rely on generic statements like 'committed to sustainability' without sufficient evidence of impact. To enhance future reports, incorporating full scope emissions data, increasing specificity in social impact metrics, and expanding third-party verification across all areas would provide deeper insights and credibility. Overall, the report is a promising step but could benefit from greater detail and transparency.
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