MAGNUM BERHAD
Malaysia | 3859.KL | Main
Reference
Report Year: 2023
Source Files: Magnum_Berhad_Integrated_Annual_Report_2023.md
Sustainability Committee
ESG Committee (Members Unknown) 🟢
- Sets ESG goals 🟢
- Monitors compliance 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
Magnum Berhad's GHG accounting efforts show a commitment to reducing environmental impact, with reported electricity usage of 1,353.28 MWh in 2023 and internal assurance of data. However, significant gaps exist, as Scope 1 and Scope 3 emissions are not reported, and key details like base year, boundary, and GWP basis are missing. Strengths include initiatives like solar panel installations to lower emissions. Improvements are needed in comprehensive GHG reporting across all scopes and adopting a recognized standard like GHG Protocol for transparency. Enhancing third-party verification would further strengthen credibility. Overall, while initial steps are promising, a more detailed and structured approach to GHG accounting is essential for aligning with national net-zero goals by 2050.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No specific data on Scope 1 emissions provided. |
| Scope2 | 1,353.28 MWh 🟢 | Reported as net electricity usage for 2023. |
| Scope3 | Not reported ⚠️ | No specific data on Scope 3 emissions provided. |
| 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 ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Solar panels in 4 offices 🌞
- 5,251 kg recycled 🟢
- Smart energy equipment 🌱
- 50% paper reduction 🌱
Social Highlights
- 1,916 training hours 🟢
- 2,210 volunteer hours 🥗
- 43,000+ supported 🥗
- 3,500 students aided 🥗
- 700 trees planted 🌱
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable Foundation in sustainability reporting by Magnum Berhad 🟢. The 2023 integrated report provides a solid overview of ESG initiatives, with quantifiable actions such as 1,916 training hours, 2,210 volunteer hours, and recycling 5,251 kg of waste. Measurable outcomes like solar panel installations and a 50% reduction in paper usage demonstrate environmental commitment. However, the report lacks depth in GHG accounting, with missing Scope 1 and Scope 3 data and no clear base year or standard ⚠️. Forward-looking commitments, like aligning with Malaysia’s net-zero goal by 2050, are noted but lack specific interim targets. Generic statements on sustainability occasionally overshadow evidence-based outcomes. To improve, Magnum should incorporate third-party verification for emissions data, detail GHG scopes comprehensively, and set measurable short-term goals. Overall, the report is a good starting point but needs more rigor and transparency to match industry best practices.
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