MARCO HOLDINGS BERHAD
Malaysia | 3514.KL | Main
Reference
Report Year: 2022
Source Files: Marco_Holdings_Berhad_AR2022_(Final).pdf
Sustainability Committee
Cross Functional Sustainable Team (CFST) 🟢
- Leads ESG strategy 🟢
- Sets benchmarks 🟢
Reporting
Bursa Malaysia Guidelines, Integrated Report 🟢
GHG Accounting
MARCO HOLDINGS BERHAD's 2022 sustainability report lacks detailed GHG accounting data, with no disclosure on Scope 1, 2, or 3 emissions, base year, or inventory boundaries. The absence of information on standards, GWP basis, data collection methods, and third-party verification indicates a significant gap in transparency. While the report mentions energy-saving initiatives, there are no quantifiable emission metrics to assess impact. Improvements needed include establishing a GHG inventory, adopting recognized standards like the GHG Protocol, and seeking third-party verification to enhance credibility. Addressing these gaps will strengthen stakeholder trust and align with global sustainability expectations.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | Scope 1 emissions data not disclosed in the report. |
| Scope2 | Not reported ⚠️ | Scope 2 emissions data not disclosed in the report. |
| Scope3 | Not reported ⚠️ | Scope 3 emissions data not disclosed in the report. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Not specified ⚠️
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Data collection approach: Not specified ⚠️
- Third party verification: Not mentioned ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- LED bulbs adopted 🟢
- E-waste points established 🟢
- Recycled paper used 🟢
- QR registration 🌱
- E-commerce portal 🌱
Social Highlights
- 752 training hours 🟢
- Teacher subsidies 🥗
- Free tutorials 🥗
- Workshops held 🥗
- Employee events 🥗
Governance
- Salary disclosure: Can’t find ⚠️
Report Quality
Commendable initiative by MARCO HOLDINGS BERHAD in integrating sustainability into their 2022 annual report with a structured approach 🟢. The report highlights the formation of the Cross Functional Sustainable Team (CFST) and alignment with Bursa Malaysia Guidelines, showing governance commitment. Quantifiable actions like 752 training hours and energy-saving initiatives (e.g., LED bulbs) are positive steps. However, the report falls short on measurable outcomes for GHG emissions and lacks third-party verification ⚠️. Generic statements like 'commitment to sustainability' are present without supporting data or forward-looking targets. To improve, the company should incorporate specific emission metrics, adopt global frameworks like GRI or TCFD, and set clear, time-bound commitments (e.g., net-zero targets). This will enhance credibility and provide stakeholders with actionable insights.
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