BERJAYA ASSETS BERHAD
Malaysia | 3239.KL | Main
Reference
Report Year: 2024
Source Files: Berjaya_Assets_Berhad_Annual_Report_2024_Part_1.pdf
Sustainability Committee
Sustainability Working Group (Members Unknown) 🟢
- Oversees sustainability planning 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
BERJAYA ASSETS BERHAD demonstrates a commendable effort in GHG accounting by reporting total emissions of 9,759.7 tCO₂e in FY2024, covering Scope 1, 2, and 3 emissions, including employee commuting and business travel. The use of verified conversion factors from national statistics enhances data reliability. However, the report lacks a detailed breakdown of individual scopes, a defined base year for comparison, and clarity on the specific standard used (e.g., GHG Protocol). Additionally, third-party verification is absent, which could strengthen credibility. To improve, the company should provide granular data for each scope, establish a baseline year, adopt a recognized standard, and pursue independent verification to ensure transparency and accountability in its emissions reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 9,759.7 tCO₂e (Total emissions including Scope 1, 2, 3) 🟢 | Breakdown for Scope 1 not separately reported; total emissions provided. |
| Scope2 | Included in total 🟢 | Breakdown for Scope 2 not separately reported; included in total emissions. |
| Scope3 | Included in total 🟢 | Breakdown for Scope 3 not separately reported; includes employee commuting and business travel. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Operational control 🟢
- Gwp basis: Verified conversion factors 🟢
- Standard: Not specified ⚠️
- Third party verification: Not verified ⚠️
- Carbon intensity: Assessed per floor area 🟢
Efforts
- Monitored climate data 🟢
- Recycled 0.6 tonnes of waste 🟢
- 30% rooftop PV system 🌞
- Green cement in construction 🌱
Social Highlights
- RM226,130 in community development 🥗
- 21 beneficiaries 🥗
- 2,478 training hours 🟢
- Educational support donations 🥗
- Limited data available ⚠️ (Additional measurable social impacts not reported.)
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can’t find ⚠️
Report Quality
Commendable foundation in sustainability reporting by BERJAYA ASSETS BERHAD for FY2024 🟢. The integrated report aligns with GRI and TCFD frameworks, providing a structured approach to disclosing material topics. Quantifiable metrics such as total GHG emissions (9,759.7 tCO₂e), energy consumption (12,792 MW), and community investment (RM226,130) reflect a commitment to transparency. However, the report falls short on measurable outcomes for emission reductions and lacks third-party verification ⚠️. While forward-looking statements like integrating climate risks into risk management by FY2025 are noted, they remain vague without specific targets. Generic commitments to 'sustainability' need to be backed by actionable plans. To enhance credibility, the company should incorporate verified data, set clear targets (e.g., net-zero goals), and provide deeper insights into Scope-specific emission reductions. Overall, a solid start with room for improvement.
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