LAND & GENERAL BERHAD
Malaysia | 3174.KL | Main
Reference
Report Year: 2023
Source Files: Land_and_General_Berhad_Annual_Report_2023.md
Sustainability Committee
Sustainability Governance (Members Unknown) 🟢
- Board oversight 🟢
- Risk Management Committee monitoring 🟢
Reporting
TCFD, FTSE4Good Bursa Malaysia, Integrated Report 🟢
GHG Accounting
Land & General Berhad demonstrates a commitment to GHG accounting with detailed reporting of Scope 1 and Scope 2 emissions for FY2023, achieving an overall 18.6% reduction in total emissions (1,201.8 tCO₂e). A significant 23.8% reduction in Scope 2 reflects lower electricity usage, a key strength. However, Scope 1 emissions rose by 69.8% due to increased diesel use in construction, and Scope 3 reporting is limited to employee commuting in the Plantation division. The lack of third-party verification and unspecified standards or GWP basis weakens credibility. Improvements could include expanding Scope 3 coverage, adopting recognized standards like GHG Protocol, and seeking external assurance for data reliability.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 1,201.8 tCO₂e (69.8% increase) 🔴 | Increase due to new construction activities at Sena Parc ⚠️ |
| Scope2 | Reduced by 23.8% 🟢 | Reduction due to lower electricity consumption 🟢 |
| Scope3 | Partial reporting (Plantation division) ⚠️ | Limited to employee commuting in non-company vehicles ⚠️ |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Group-wide operations (Property, Education, Plantation)
- Gwp basis: Not specified
- Standard: Not specified
- Third party verification: Not verified
- Carbon intensity: Not reported ⚠️
Efforts
- 23.8% Scope 2 reduction 🟢
- 80% metal recycled 🟢
- Silt traps & dust netting 🌱
- Zero Burning Policy 🌱
Social Highlights
- Zero lost-time injuries 🟢
- 3,334 training hours 🥗
- Urban farming program 🥗
- Charity & food donations 🥗
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable effort by Land & General Berhad in integrating sustainability into their FY2023 report 🟢. The report provides detailed metrics, such as a 23.8% reduction in Scope 2 emissions and zero lost-time injuries for over 1.2 million man-hours, showcasing measurable outcomes. Alignment with TCFD and FTSE4Good Bursa Malaysia frameworks adds credibility. However, gaps remain, including limited Scope 3 reporting and lack of third-party verification for GHG data ⚠️. Forward-looking commitments are mentioned (e.g., Sustainability Roadmap 2023-2025), but specific targets like net-zero timelines are vague. Generic statements on 'sustainability commitment' lack supporting evidence in some areas. The report could benefit from external assurance, broader Scope 3 coverage, and clearer long-term goals to enhance transparency and accountability.
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