WCE HOLDINGS BERHAD
Malaysia | 3565.KL | Main
Reference
Report Year: 2024
Source Files: WCEHB_Annual_Report_2024.md
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Oversees reporting 🟢
- Strategy formulation 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
WCE Holdings Berhad demonstrates a structured approach to GHG accounting with comprehensive reporting across Scope 1 (10%), Scope 2 (76%), and Scope 3 (14%) emissions, totaling 3,668.3 tCO₂e in FY2024. Strengths include detailed emission breakdowns and initiatives like solar energy adoption, contributing to emission avoidance of 433.9 tCO₂e. However, gaps exist with no third-party verification, unspecified base year, and lack of GWP basis or standard (e.g., GHG Protocol). The 11% emission increase due to new highway sections highlights the need for robust reduction strategies. Improvements could involve external assurance, clearer baseline setting, and inclusion of carbon intensity metrics to enhance transparency and accountability in their decarbonization journey.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 10% of total 🟢 | Includes stationary combustion, mobile combustion, and fugitive emissions. |
| Scope2 | 76% of total 🟢 | Electricity consumption at offices, toll plazas, and street lighting. |
| Scope3 | 14% of total 🟢 | Covers 4 out of 15 categories including purchased goods, waste, business travel, and employee commuting. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Operational sections & offices 🟢
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Data collection approach: Direct & estimates 🟢
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Solar energy: 433.6 tCO₂e avoided 🟢
- 11.6 tonnes recycled 🟢
- Solar panels installed 🌞
- EV charging stations 🌱
Social Highlights
- 186 employees trained 🟢
- 14% engagement increase 🥗
- RM330,000 community investment 🥗
- Road safety campaigns 🟢
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable foundation in sustainability reporting by WCE Holdings Berhad 🟢. The FY2024 integrated report offers detailed insights into GHG emissions, with quantifiable metrics like 3,668.3 tCO₂e total emissions and 555,870 kWh solar energy generation, alongside social impacts such as RM330,000 community investment. The adoption of GRI and TCFD frameworks adds credibility. However, gaps remain with no third-party verification for emission data and limited forward-looking commitments beyond general decarbonization goals ⚠️. Generic statements like 'committed to sustainability' lack specific targets or timelines. To enhance quality, WCE could incorporate external assurance, set measurable net-zero targets, and provide clearer carbon intensity metrics. This would strengthen transparency and stakeholder trust, building on an already solid base.
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