GENTING BERHAD
Malaysia | 3182.KL | Main
Reference
Report Year: 2023
Source Files: GENT_Integrated_Annual_Report_2023_-_Part_1.pdf, GENT_Sustainability_Report_2023.pdf
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Board oversight 🟢
- Monthly ESG reviews 🟢
Reporting
GRI, TCFD, Separate Report 🟢
GHG Accounting
Genting Berhad's GHG accounting in 2023 reports a total of 4.6 million tCO₂e, a 9% increase from 2022, attributed to post-pandemic operational ramp-up, with 88% from Genting Energy's Banten power plant. Strengths include subsidiary-level efforts like Genting Singapore's 29% emission intensity reduction (2015 baseline) and Resorts World Las Vegas achieving 100% renewable energy. However, Scope 1 and 2 data lack individual breakdown, and Scope 3 remains unreported, limiting transparency. Verification status and standards used are unclear. Improvements needed include detailed scope-wise reporting, adoption of recognized standards like GHG Protocol, and third-party verification to enhance credibility. Group-wide targets align with carbon neutrality by 2050, but more granular data and forecasting are essential for robust tracking.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not specified individually ⚠️ | Data aggregated at group level |
| Scope2 | Partially reported ⚠️ | Scope 2 reductions reported for Resorts World Las Vegas |
| Scope3 | Not reported ⚠️ | Scope 3 emissions not disclosed |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Group-wide operations across 9 countries
- Gwp basis: Not specified
- Standard: Not specified
- Data collection approach: Internal tracking by subsidiaries
- Third party verification: Not specified
- Carbon intensity: Not reported ⚠️
Efforts
- 29% intensity reduction 🟢
- Solar capacity quadrupled 🌞
- 100% renewable energy 🌞
- 100MWp solar plant 🌞
- Waste management efforts 🟢
Social Highlights
- 54,000 employees 🟢
- RM19.9M community investment 🥗
- 900,000+ people benefitted 🥗
- 2,400 families supported 🥗
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: No legal actions 🟢
Report Quality
Commendable efforts are evident in Genting Berhad's 2023 Sustainability Report with quantifiable achievements such as a 29% carbon intensity reduction by Genting Singapore and RM19.9 million in community investments benefiting over 900,000 people 🟢. The separate report aligns with GRI and TCFD frameworks, showcasing a structured approach. However, gaps in transparency exist, particularly in GHG accounting where Scope 1 and 2 data lack granularity, Scope 3 is unreported, and verification status remains unclear ⚠️. While forward-looking commitments like carbon neutrality by 2050 are noted, the report could improve with more specific interim targets and measurable outcomes. Generic statements on sustainability commitment occasionally lack supporting evidence. To enhance credibility, Genting Berhad should incorporate third-party verification, detailed scope-wise emissions data, and stronger forecasting. Overall, the report provides a solid foundation but could benefit from deeper specificity and validation.
Tags:
Looking for ESG Strategy & Improvement?
Disclaimer:
This is AI model generated summary based on certain rules set by Sustify.world perspective. If the reader finds the information is incorrect, they can always approach us by sending email admin@sustify.world.
Need Expert help?
Contact us TODAY for sustainability strategy, reporting, and outsourcing services.