MALAYAN CEMENT BERHAD
Malaysia | 3794.KL | Main
Reference
Report Year: 2024
Source Files: Malayan_Cement_Berhad_Sustainability_Report_2024.md
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Sets ESG direction 🟢
- Reviews sustainability performance 🟢
- Board updates 🟢
Reporting
TCFD, Separate Report 🟢
GHG Accounting
Malayan Cement Berhad shows a commitment to reducing carbon emissions through initiatives like low-carbon products (ECO range) and exploring alternative fuels. However, the report lacks critical details on GHG accounting. Scope 1 and 2 emissions are mentioned as priorities, but no absolute figures or reduction percentages are provided, limiting transparency. Scope 3 emissions are not addressed, which is a significant gap. Additionally, despite mentioning biomass as an alternative fuel, biogenic emissions are not included in the inventory, a substandard practice. The verification process relies on internal audits rather than third-party assurance, reducing credibility. To improve, the company should provide quantifiable emission data, include Scope 3 and biogenic emissions in the inventory, and engage independent verifiers for greater trust.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not quantified ⚠️ | Scope 1 emissions mentioned as material but specific data not provided. |
| Scope2 | Not quantified ⚠️ | Scope 2 emissions mentioned with intent to reduce via solar PV, but data not provided. |
| Scope3 | Not reported ⚠️ | Scope 3 emissions not mentioned in the report. |
| Biogenic emissions | Not reported despite biomass usage ⚠️ | Biomass usage mentioned for alternative fuels, but not included in GHG accounting. |
Other Details
Efforts
- ECO product range 🟢
- 3M tons waste recycled 🟢
- Solar PV investment 🌞
- Alternative fuels usage 🌱
Social Highlights
- 80+ sessions held 🟢
- 8,000+ participants trained 🟢
- East Malaysia outreach 🥗
- More volunteering programs 🥗
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
Report Quality
Commendable focus on sustainability is evident in Malayan Cement Berhad's 2024 Sustainability Report, with clear efforts in promoting low-carbon products and stakeholder engagement 🟢. The report highlights initiatives like the ECO product range and waste recycling (3 million tons over 3 years), showcasing quantifiable actions. However, significant gaps in GHG accounting undermine its credibility ⚠️, as Scope 1 and 2 emissions lack specific data, Scope 3 is unreported, and biogenic emissions are omitted despite biomass usage. While forward-looking commitments like solar PV investments are mentioned, the absence of measurable outcomes or third-party verification limits trust. The report could benefit from detailed emission metrics, inclusion of all GHG scopes, and external assurance. Overall, it provides a solid foundation but needs deeper transparency and specificity to align with best practices.
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