OLYMPIA INDUSTRIES BERHAD
Malaysia | 3018.KL | Main
Reference
Report Year: 2023
Source Files: Annual_Report_2023.pdf
Sustainability Committee
Sustainability Working Group (Members Unknown) 🟢
- Oversees strategies 🟢
- Stakeholder engagement 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
Olympia Industries Berhad's 2023 sustainability report lacks detailed GHG accounting data, with no specific figures for Scope 1, 2, or 3 emissions, base year, or third-party verification status. While the report highlights energy efficiency initiatives like LED lighting and smart building technologies at Menara Olympia, it does not translate these efforts into quantifiable emission reductions. Key strengths include a focus on energy management and stakeholder engagement in environmental practices. However, significant gaps remain in comprehensive GHG inventory reporting. Improvements are needed in providing absolute emission data, defining boundaries, and obtaining third-party verification to enhance credibility. Establishing a base year and detailing Scope 3 emissions would further strengthen their environmental accountability.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No specific Scope 1 data provided. |
| Scope2 | Not reported ⚠️ | No specific Scope 2 data provided. |
| Scope3 | Not reported ⚠️ | No specific Scope 3 data 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 reported ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- LED lighting adoption 🌞
- Smart building tech 🌱
- Waste minimization 🟢
Social Highlights
- Diversity initiatives 🥗
- Employee training 🟢
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable intent is evident in Olympia Industries Berhad's 2023 sustainability report, with a clear focus on integrating ESG factors into business strategy 🟢. The report outlines initiatives like energy-efficient practices and stakeholder engagement, which reflect a foundational commitment to sustainability. However, it falls short on quantifiable actions and measurable outcomes ⚠️, particularly in GHG emissions data and specific social impact metrics. Statements such as 'minimizing ecological footprint' remain vague without supporting evidence or targets. Forward-looking commitments are also limited, with no clear net-zero goals or timelines mentioned. To improve, Olympia should incorporate detailed emission figures, third-party verification, and specific social impact numbers. Enhancing transparency with measurable targets and forecasting would provide a stronger basis for accountability and stakeholder trust. Overall, the report is a starting point but needs deeper substance to align with best practices.
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