KUALA LUMPUR KEPONG BERHAD
Malaysia | 2445.KL | Main
Reference
Report Year: 2024
Source Files: KLK_2024_Annual_Report_(Part_2).pdf, KLK_2024_Annual_Report_(Part_3).pdf
Sustainability Committee
Sustainability Steering Committee (Members: Unknown) 🟢
- 4+ meetings 🟢
- Implementation via SWC 🟢
- Task forces for compliance 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
KLK demonstrates a structured approach to GHG accounting with a focus on Scope 1 and Scope 2 emissions, achieving a 21% reduction in intensity since 2018/19 towards a 25% target by 2029/2030 and net-zero by 2050. Reporting aligns with TCFD, enhancing transparency on climate risks. However, Scope 3 emissions remain partially reported due to supplier data challenges, limiting full supply chain visibility. Data collection relies on internal systems, with partial third-party verification by Control Union, adding credibility to select metrics. Absolute emission values are not detailed, which hampers comprehensive analysis. KLK could improve by enhancing Scope 3 data collection through supplier collaboration and specifying standards like GHG Protocol for consistency.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Reported 🟢 | Absolute values not specified in the report. |
| Scope2 | Reported 🟢 | Absolute values not specified in the report. |
| Scope3 | Partially Reported ⚠️ | Challenges in obtaining supplier data for full Scope 3 emissions. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported for energy production. |
Other Details
- Base year: 2018/19
- Boundary inventory: Operational control across Plantation and Manufacturing segments
- Gwp basis: Not specified
- Standard: Not specified
- Data collection approach: Internal tracking and materiality assessments
- Third party verification: Partially verified by Control Union for specific metrics
- Carbon intensity: 21% reduction 🟢
Efforts
- 21% intensity reduction 🟢
- Waste management initiatives 🟢
- Solar rooftops 🌞
- Sustainable tech adoption 🌱
Social Highlights
- RM26.1M community investment 🥗
- 46,570 beneficiaries 🥗
- 96,978 training hours 🟢
- 23% LTI reduction 🟢
- Zero labor violations 🟢
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can't find ⚠️
Report Quality
Commendable commitment is evident in KLK's 2024 sustainability report, with quantifiable metrics like a 21% reduction in GHG emission intensity and RM26.1 million in community investments 🟢. The integrated report aligns with GRI and TCFD frameworks, enhancing transparency on climate risks and governance structures. Measurable outcomes, such as 96,978 employee training hours and 46,570 community beneficiaries, reflect impactful social efforts. However, gaps remain in absolute GHG emission data and full Scope 3 reporting, limiting a complete assessment of environmental impact ⚠️. While forward-looking commitments like net-zero by 2050 are promising, some statements on sustainability lack specific evidence or timelines. KLK could strengthen its reporting by detailing absolute emission figures, improving Scope 3 data through supplier engagement, and incorporating more third-party verification for credibility.
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