PARKWOOD HOLDINGS BERHAD
Malaysia | 2682.KL | Main
Reference
Report Year: 2023
Source Files: Parkwood_AR23_(FINAL).pdf
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Supervises strategies 🟢
- Regular updates 🟢
Reporting
Bursa Malaysia ESG Reporting, Integrated Report 🟢
GHG Accounting
Parkwood Holdings Berhad's 2023 sustainability report lacks detailed GHG accounting data, with no reporting on Scope 1, 2, or 3 emissions, base year, or carbon intensity metrics. The absence of third-party verification and clear standards (e.g., GHG Protocol) further weakens the report's credibility. While the company expresses commitment to reducing carbon footprints through energy-efficient designs and renewable energy integration, these efforts are not backed by quantifiable emission data. Improvements are needed in establishing a robust GHG inventory, adopting recognized standards, and ensuring third-party assurance to enhance transparency and accountability in their environmental impact reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | Scope 1 emissions data not provided in the report. |
| Scope2 | Not reported ⚠️ | Scope 2 emissions data not provided in the report. |
| Scope3 | Not reported ⚠️ | Scope 3 emissions data not provided in the report. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
Efforts
- Energy-efficient designs 🟢
- 3R waste management 🟢
- Photovoltaic cells 🌞
- Eco-friendly materials 🌱
Social Highlights
- MYR 7,300 community investment 🟢
- 100% anti-corruption training 🟢
- 8 employees trained on safety 🟢
- Green Day for biodiversity 🥗
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable intent is evident in Parkwood Holdings Berhad's 2023 sustainability report, with a clear commitment to integrating ESG principles into business operations 🟢. The report highlights initiatives like energy-efficient designs and community engagement (e.g., MYR 7,300 investment), which are positive steps. However, the lack of quantifiable outcomes for key environmental metrics, such as GHG emissions data and third-party verification, limits its impact ⚠️. Generic statements like 'committed to sustainability' are frequent but lack supporting evidence or measurable targets. Forward-looking commitments, such as aligning with Malaysia’s net-zero goal by 2050, are mentioned but not detailed with specific plans or timelines. To strengthen future reports, Parkwood should focus on providing detailed emission data, adopting recognized frameworks like GRI, and incorporating third-party assurance for credibility. This would elevate the report from a foundational effort to a robust sustainability narrative.
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