DUTCH LADY MILK INDUSTRIES BERHAD
Malaysia | 3026.KL | Main
Reference
Report Year: 2023
Source Files: DLMI_IAR_2023_Bursa_1_(23Apr42).md, DLMI_IAR_2023_Bursa_2_(23Apr42).md
Sustainability Committee
Sustainability Steering Committee (SSC) 🟢
- Quarterly strategy reviews 🟢
- Policy approvals 🟢
Reporting
IFRS S1, IFRS S2, TCFD, Integrated Report 🟢
GHG Accounting
Dutch Lady Milk Industries Berhad's GHG accounting in 2023 shows initial efforts with a preliminary assessment of Scope 3 emissions related to procurement. However, the report lacks critical data on Scope 1 and Scope 2 emissions, base year, boundary details, and accounting standards. There is no mention of third-party verification for non-financial data, though the company plans to pursue this in the future. Key gaps include missing carbon intensity metrics and detailed methodologies for data collection. Improvement is needed in providing absolute emission figures, establishing a clear baseline, and ensuring transparency through external assurance to enhance credibility and align with global reporting standards like TCFD and IFRS S1/S2.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No specific Scope 1 data provided in the report. |
| Scope2 | Not reported ⚠️ | No specific Scope 2 data provided in the report. |
| Scope3 | Preliminary assessment 🟢 | Scope 3 assessment initiated for procurement activities. |
| 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 verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Scope 3 assessment initiated 🟢
- Packaging recovery initiatives 🟢
- IR 4.0 tech adoption 🌞
- Sustainable sourcing 🌱
Social Highlights
- Attrition rate down to 8.55% 🟢
- 65% products HCL certified 🟢
- 800+ teachers engaged 🥗
- Community nutrition programs 🥗
- Limited data available ⚠️ (Additional measurable social impacts not detailed.)
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable foundation in Dutch Lady Milk Industries Berhad’s 2023 sustainability report 🟢, with a clear focus on integrating sustainability into business strategy through the Sustainability Steering Committee and alignment with frameworks like TCFD and IFRS S1/S2. The report highlights quantifiable social initiatives such as a reduced attrition rate (8.55%) and nutritional outreach programs. However, it falls short on measurable environmental outcomes ⚠️, particularly in GHG accounting, where Scope 1 and Scope 2 data are absent, and no third-party verification is conducted for non-financial data. Forward-looking commitments like the 2030 Sustainability Roadmap are noted, but lack detailed interim targets. Generic statements about ‘sustainability as business’ need backing with specific metrics. The company could benefit from incorporating absolute emission figures, external assurance, and clearer forecasting to strengthen credibility and transparency.
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