FIMA CORPORATION BERHAD
Malaysia | 3107.KL | Main
Reference
Report Year: 2024
Source Files: FimaCorp-Annual_Report_2024_PART_1.pdf, FimaCorp-Annual_Report_2024_PART_2.pdf
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Monitors strategy execution 🟢
- Focus on climate initiatives 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
FIMA Corporation Berhad demonstrates a commitment to GHG accounting with reporting on Scope 1 and Scope 2 emissions, supported by a 'measure-monitor-manage' approach. The inclusion of biogenic emissions related to biomass and biodiesel usage is a positive step 🟢. However, critical gaps exist, such as the absence of Scope 3 data, base year specification, and third-party verification, which limits the robustness of their reporting ⚠️. Details on boundary, inventory, and GWP basis are also missing. To enhance credibility, the company should aim to include comprehensive Scope 3 emissions, establish a clear base year, and pursue third-party verification to validate data accuracy and align with international standards like the GHG Protocol.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Reported 🟢 | Specific data for 2024 not detailed in the report. |
| Scope2 | Reported 🟢 | Specific data for 2024 not detailed in the report. |
| Scope3 | Not reported ⚠️ | Scope 3 emissions data missing from the report. |
| Biogenic emissions | Reported 🟢 | Biogenic emissions mentioned in relation to biomass and biodiesel usage. |
Other Details
Efforts
- Renewable energy adoption 🌞
- Water harvesting & recycling 🟢
- Biomass energy usage 🌱
- Sustainable agriculture 🌾
Social Highlights
- 206 employees trained 🟢
- MYR 319,664 community investment 🥗
- 124 beneficiaries 🥗
- 2,766 training hours 🟢
- 88.44% local procurement 🟢
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable foundation in FIMA Corporation Berhad’s 2024 sustainability report, with clear strengths in integrating ESG factors into business strategy 🟢. The report provides quantifiable metrics such as community investment (MYR 319,664) and training hours (over 2,766 for non-executives), reflecting a data-driven approach. Alignment with GRI and TCFD frameworks adds credibility. However, there are notable gaps ⚠️, including the lack of Scope 3 emissions data, third-party verification for GHG accounting, and forward-looking commitments like net-zero targets. Some content remains generic, with statements like 'committed to sustainability' lacking specific outcomes or timelines. To improve, the company could incorporate third-party verification, detailed Scope 3 reporting, and explicit future goals. Overall, the report offers a solid base but would benefit from deeper specificity and actionable forecasting to enhance stakeholder trust.
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