KLUANG RUBBER COMPANY (MALAYA) BERHAD
Malaysia | 2453.KL | Main
Reference
Report Year: 2024
Source Files: KLU_2024_AR.md
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Sustainability training 🟢
Reporting
TCFD, IFRS S2, Integrated Report 🟢
GHG Accounting
Kluang Rubber's GHG accounting efforts are currently underdeveloped. The 2024 report lacks specific data on Scope 1, 2, and 3 emissions, with no mention of a base year, boundary, or inventory details. There is also no information on the Global Warming Potential basis, standards used, or data collection approach. Third-party verification is absent, which impacts the credibility of any future reporting. While the company acknowledges climate-related risks and references TCFD and IFRS S2 frameworks, actionable metrics are missing. A key improvement area is to establish a comprehensive GHG inventory with quantifiable data and pursue external assurance to enhance transparency and accountability in their sustainability reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data on Scope 1 emissions provided. |
| Scope2 | Not reported ⚠️ | No data on Scope 2 emissions provided. |
| Scope3 | Not reported ⚠️ | No data on Scope 3 emissions provided. |
| 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 ⚠️
Efforts
- No data ⚠️
- Identified as material issue 🟢
- No data ⚠️
- MSPO certified 🟢
Social Highlights
- Health & safety focus 🟢
- Community impact 🟢
- Limited data ⚠️ (Insufficient quantifiable social initiatives reported.)
- Limited data ⚠️ (Insufficient quantifiable social initiatives reported.)
- Limited data ⚠️ (Insufficient quantifiable social initiatives reported.)
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Room for Improvement in Kluang Rubber's 2024 sustainability report. While the company demonstrates a commitment to sustainability through its adherence to MSPO standards and recognition of material sustainability matters 🟢, the report lacks depth in quantifiable actions and measurable outcomes. Generic statements like 'committed to sustainable value' are present but unsupported by specific metrics or data ⚠️. There are no forward-looking commitments or targets, such as net-zero goals, which could provide a clearer roadmap for stakeholders. GHG accounting is notably absent, with no emission figures or verification processes mentioned. To strengthen future reports, the company should incorporate quantifiable metrics for emissions, social impact, and waste reduction, pursue third-party assurance, and outline concrete sustainability targets. This would enhance credibility and provide a more robust foundation for stakeholder trust.
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