ECOFIRST CONSOLIDATED BHD
Malaysia | 3557.KL | Main
Reference
Report Year: 2024
Source Files: EcoFirst_AR_2024_Part_1.md, EcoFirst_AR_2024_Part_2.md
Sustainability Committee
Sustainability Steering Committee (SSC) 🟢
- Various meetings 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
EcoFirst Consolidated Bhd demonstrates an early-stage commitment to GHG accounting by reporting on Scope 1, Scope 2, and partial Scope 3 emissions (focused on employee commuting and business travel) using the GHG Protocol and IPCC methodology. Strengths include a clear operational boundary and focus on energy usage data. However, absolute emission figures are not disclosed, limiting transparency, and there is no mention of third-party verification. Scope 3 coverage remains incomplete, excluding main contractors. Improvements are needed in setting a base year, providing quantifiable data, and pursuing verification to enhance credibility. Expanding Scope 3 reporting to include broader indirect emissions would also strengthen their sustainability profile.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Reported 🟢 | Specific data not provided in absolute terms ⚠️ |
| Scope2 | Reported 🟢 | Specific data not provided in absolute terms ⚠️ |
| Scope3 | Reported (Partial) 🟢 | Focus on 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: IPCC 🟢
- Standard: GHG Protocol 🟢
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Emission management 🟢
- Waste tracking 🟢
- GreenRE certification 🌱
- ESG integration 🌱
Social Highlights
- 100% local procurement 🟢
- Customer response in 5 days 🟢
- 100 trees planted 🥗
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable initial steps are evident in EcoFirst Consolidated Bhd’s sustainability reporting for 2024 🟢. The integrated report aligns with GRI and TCFD frameworks, and the establishment of a Sustainability Steering Committee reflects governance commitment. Quantifiable actions, such as 100% local procurement and planting 100 trees, are positive highlights. However, the report lacks depth in measurable outcomes, especially in GHG emissions, where absolute figures are missing ⚠️. Generic statements like 'committed to sustainability' are present but unsupported by detailed metrics or forward-looking targets. To improve, EcoFirst should incorporate third-party verification for GHG data, set clear emission reduction targets, and expand Scope 3 reporting. Providing more social impact metrics would also enhance transparency. Overall, the report provides a foundation but needs more specificity to meet stakeholder expectations.
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