PARAGON GLOBE BERHAD
Malaysia | 3611.KL | Main
Reference
Report Year: 2024
Source Files: PGB_-_Annual_Report_2024_Part_1.pdf, PGB_-_Annual_Report_2024_Part_2.pdf
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- SSC reviews key issues 🟢
- SWC meets monthly 🟢
Reporting
Bursa Malaysia Guide, Integrated Report 🟢
GHG Accounting
PARAGON GLOBE BERHAD's GHG accounting in the 2024 report lacks comprehensive data, with no reporting on Scope 1, 2, or 3 emissions. There is no mention of a base year, operational boundary, or adherence to standards like the GHG Protocol or ISO 14064. Additionally, third-party verification is absent, reducing the credibility of environmental claims. While the company expresses a commitment to Malaysia's carbon neutrality goal by 2050 and reports energy consumption (63 MW), the absence of detailed emission data is a significant gap. To improve, the company should establish a robust GHG inventory, define boundaries, adopt international standards, and seek third-party verification to enhance transparency and accountability in environmental reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data on Scope 1 emissions provided. |
| Scope2 | Not reported ⚠️ | No data on Scope 2 emissions provided. |
| Scope3 | Not reported ⚠️ | No data on Scope 3 emissions provided. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
Efforts
- LED lighting adopted 🌞
- Renewable energy MOU 🌱
- 3R philosophy promoted 🟢
- Green building standards 🌱
Social Highlights
- 856 trained on safety 🟢
- RM160,448 for 4,758 beneficiaries 🥗
- 973 training hours 🟢
- 277 children supported 🥗
- 66 employees, 173 hours 🥗
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable social initiatives are evident in PARAGON GLOBE BERHAD's 2024 sustainability report, with quantifiable metrics like RM160,448 invested in community programs benefiting 4,758 individuals and 856 employees trained on safety standards 🟢. The integrated report aligns with Bursa Malaysia’s guidelines, providing a structured overview of ESG efforts. However, the absence of detailed GHG emission data and third-party verification is a notable gap ⚠️. Environmental claims lack measurable outcomes, with generic statements like 'committed to carbon neutrality by 2050' unsupported by specific targets or timelines. Forward-looking commitments are limited, reducing the report’s strategic depth. To enhance quality, the company should incorporate quantifiable emission data, adopt international reporting standards, and include verified metrics. Overall, the report offers a solid foundation but could benefit from greater specificity and accountability in environmental performance.
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