MALAYSIAN PACIFIC INDUSTRIES BERHAD
Malaysia | 3867.KL | Main
Reference
Report Year: 2024
Source Files: MPI_-_Annual_Report_2024_-_Part_2.pdf, MPI_-_Annual_Report_2024_-_Part_3.pdf
Sustainability Committee
Sustainability Steering Committee (SSC) 🟢
- Governs SWC 🟢
- Stakeholder collaborations 🟢
Reporting
TCFD, ISO 14064, Integrated Report 🟢
GHG Accounting
MPI demonstrates a structured approach to GHG accounting, with detailed reporting on Scope 1 and 2 emissions, totaling 198k tCO₂e in FY24. Scope 2 dominates at 99.6%, driven by electricity consumption, with data aligned to GHG Protocol and IPCC AR5 standards. Carsem SZ's ISO 14064 certification adds credibility through partial third-party verification. However, Scope 3 emissions are unreported, despite training on calculation methodologies, representing a significant gap. Carbon intensity increased slightly but remains below baseline, with a near-miss on the 5% reduction target. Improvement is needed in comprehensive Scope 3 disclosure and broader verification across all sites to enhance transparency and accountability in climate impact management.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Minimal (fuel & mobile combustion) → | Estimated for mobile combustion in FY24 ⚠️ |
| Scope2 | 197.2k tCO₂e (99.6% of total) → | Primarily electricity consumption ⚠️ |
| Scope3 | Not reported ⚠️ | Participated in Scope 3 calculation training but no data disclosed ⚠️ |
Other Details
- Base year: Not specified
- Boundary inventory: Operational control for Scope 1 and 2
- Gwp basis: IPCC Fifth Assessment Report (AR5), 2013
- Standard: GHG Protocol
- Third party verification: Partial (ISO 14064 certified for Carsem SZ) 🟢
- Carbon intensity: Increased but below baseline →
Efforts
- Energy-efficient vacuum system 🟢
- Water & waste recycling 🟢
- Solar LED lighting 🌞
- Electric bus fleet 🌱
Social Highlights
- River monitoring initiative 🥗
- River conservation with GEC 🥗
- EHS & GHG training 🟢
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
Report Quality
Commendable framework in MPI's sustainability reporting with a clear structure and alignment to TCFD and ISO 14064 standards 🟢. The report excels in detailing Scope 1 and 2 emissions with quantifiable metrics like 198k tCO₂e for FY24 and initiatives such as solar LED lighting and electric bus fleet adoption. However, significant gaps remain, including the absence of Scope 3 emissions data and limited third-party verification beyond Carsem SZ ⚠️. Social impact highlights lack depth, with fewer measurable outcomes. Forward-looking commitments, like the solar PV installation by 2025, are noted but could be more robust with specific targets (e.g., net-zero timelines). While the tone is professional, some sections rely on generic statements like 'commitment to sustainability' without evidence. MPI could enhance credibility by incorporating comprehensive Scope 3 reporting, broader verification, and detailed social impact metrics.
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