ALCOM GROUP BERHAD
Malaysia | 2674.KL | Main
Reference
Report Year: 2023
Source Files:
Sustainability Committee
ESG Working Group (Members Unknown) 🟢
- Strategy formulation 🟢
- Stakeholder engagement 🟢
- Data review 🟢
Reporting
GRI, Separate Report 🟢
GHG Accounting
ALCOM Group Berhad demonstrates a commitment to GHG accounting by reporting Scope 1, Scope 2, and Scope 3 emissions in their 2023 sustainability report. However, specific emission figures, base year, boundary inventory, GWP basis, and data collection approaches are not detailed, limiting transparency. The absence of third-party verification raises concerns about data reliability. A key strength is their acknowledgment of emissions as a material issue, with plans to invest in renewable energy sources like solar and virtual power plans. To improve, the company should provide quantifiable emission data, establish a clear base year, and seek third-party verification to enhance credibility and align with global standards.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Reported 🟢 | Specific figures not detailed in the report. |
| Scope2 | Reported 🟢 | Specific figures not detailed in the report. |
| Scope3 | Reported 🟢 | Specific figures not detailed in the report. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Not specified ⚠️
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Data collection approach: Not specified ⚠️
- Third party verification: Not mentioned ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Renewable energy investment 🌞
- Recycling education 🟢
- Waste management strategies 🟢
- Energy efficiency focus 🌱
Social Highlights
- 40 participants in mangrove planting 🥗
- Health & safety training 🟢
- Employee training hours tracked 🟢
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable initiative by ALCOM Group Berhad in producing a separate sustainability report for 2023, adhering to the GRI framework 🟢. The report highlights a structured ESG Working Group and identifies material issues like emissions and waste management. However, it lacks quantifiable outcomes for GHG emissions and other key metrics, relying on qualitative descriptions instead of hard data ⚠️. Forward-looking commitments, such as renewable energy investments, are noted but lack specific timelines or targets. Generic statements like 'committed to sustainability' are present without sufficient evidence of measurable impact. To enhance future reports, ALCOM should incorporate specific metrics, seek third-party verification for credibility, and outline clear, time-bound goals. This would transform a solid foundation into a robust, impactful disclosure of their sustainability journey.
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