HEINEKEN MALAYSIA BERHAD
Malaysia | 3255.KL | Main
Reference
Report Year: 2024
Source Files: Heineken_Malaysia_Berhad_Annual_Report_2024_Part_1.pdf, Heineken_Malaysia_Berhad_Annual_Report_2024_Part_2.pdf
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Quarterly meetings 🟢
Reporting
GRI, IFRS S2, Integrated Report 🟢
GHG Accounting
HEINEKEN Malaysia demonstrates a robust approach to GHG accounting with third-party verification by Rapid Genesis Sdn. Bhd. The company updated its carbon baseline to 2022 for more accurate tracking, achieving a 36% reduction in Scope 1 and Scope 2 emissions in production compared to the baseline. Scope 3 emissions are reported, covering employee commuting and business travel. Strengths include a clear net zero roadmap and alignment with science-based targets (SBTi). However, the report lacks details on GWP basis and specific standards like GHG Protocol. Improvements could include disclosing carbon intensity metrics and further detailing Scope 3 categories to enhance transparency.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Reported 🟢 | 36% reduction vs 2022 baseline |
| Scope2 | Reported 🟢 | 36% reduction vs 2022 baseline, 100% renewable electricity via Green Electricity Tariff |
| Scope3 | Reported 🟢 | Includes employee commuting, business travel (land and air) |
Other Details
- Base year: 2022
- Boundary inventory: HEINEKEN Malaysia and subsidiary (Heineken Marketing Malaysia Sdn Bhd)
- Gwp basis: Not specified
- Standard: Not specified
- Data collection approach: Aligned with HEINEKEN Reporting Criteria
- Third party verification: Verified by Rapid Genesis Sdn. Bhd. 🟢
- Carbon intensity: Not specified ⚠️
Efforts
- 36% reduction 🟢
- 100% waste recycled 🟢
- 3,500 solar panels 🌞
- 108 tonnes plastic reduced 🌱
Social Highlights
- RM19M for education 🥗
- 20,993 training hours 🟢
- RM140K+ promo codes 🥗
- 43% women on Board 🟢
- 209% water balanced 🟢
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can’t find ⚠️
Report Quality
Commendable sustainability efforts are evident in HEINEKEN Malaysia’s 2024 report, with quantifiable metrics like a 36% reduction in Scope 1 and Scope 2 emissions and 209% water balancing 🟢. The report benefits from third-party verification and alignment with GRI and IFRS S2 frameworks, enhancing credibility. Forward-looking commitments, such as net zero by 2030/2040, provide a clear vision. However, gaps exist in detailed GHG accounting, such as missing carbon intensity data and unspecified GWP basis or standards ⚠️. While community impact metrics are strong, some social initiatives lack depth in measurable outcomes. The report could improve by avoiding generic statements and incorporating more granular Scope 3 data. Overall, it provides a solid foundation but would benefit from enhanced transparency and specificity in environmental reporting.
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