MUDA HOLDINGS BERHAD
Malaysia | 3883.KL | Main
Reference
Report Year: 2023
Source Files: Muda__AR2023.pdf
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- ESG KPI Workshop (Nov 2023) 🟢
Reporting
GRI, TCFD, SASB - Integrated Report 🟢
GHG Accounting
MUDA HOLDINGS BERHAD demonstrates a commendable effort in reporting GHG emissions for Scope 1 (230.46k tCO₂e) and Scope 2 (79.38k tCO₂e) for FY2023, with limited Scope 3 data (1.68k tCO₂e) covering employee commuting. The company has set a target to reduce Scope 1 emissions by 5% by FY2030 using 2023 as the baseline. However, the absence of third-party verification and unspecified standards or GWP basis limits credibility. An increase in emissions due to coal usage for cost management is noted as a concern. Improvements could include external assurance, comprehensive Scope 3 reporting, and clarity on methodologies to enhance transparency and accountability in GHG accounting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 230.46k tCO₂e 🟢 | |
| Scope2 | 79.38k tCO₂e 🟢 | |
| Scope3 | 1.68k tCO₂e 🟢 | Limited to employee commuting ⚠️ |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported for energy production. |
Other Details
- Base year: 2023 (for Scope 1 reduction target)
- Boundary inventory: Operational control across group companies
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Data collection approach: Internal data collection across subsidiaries
- Third party verification: Not verified ⚠️
- Carbon intensity: 171.53 tCO₂e/RM million, not verified ⚠️
Efforts
- 5% Scope 1 reduction target 🟢
- Adopted solar energy 🌞
- 13.5% waste diverted 🟢
Social Highlights
- 2,244 employees trained 🟢
- RM57,280 community investment 🥗
- 97% complaint resolution 🟢
- 23 community programs 🥗
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
Report Quality
Commendable foundation in sustainability reporting by MUDA HOLDINGS BERHAD for FY2023 🟢. The integrated report provides detailed metrics on GHG emissions, energy consumption, and social initiatives, with quantifiable actions such as a 5% Scope 1 reduction target by 2030 and training 2,244 employees on safety standards. However, the lack of third-party verification for emissions data and limited Scope 3 reporting are notable gaps ⚠️. While forward-looking commitments like achieving carbon neutrality by 2050 are promising, some statements remain generic without measurable outcomes. The report could benefit from external assurance, broader Scope 3 disclosure, and more specific governance data on salary disclosure or litigation. Overall, it offers a solid base but requires deeper evidence-based content to strengthen credibility and impact.
Tags:
Looking for ESG Strategy & Improvement?
Disclaimer:
This is AI model generated summary based on certain rules set by Sustify.world perspective. If the reader finds the information is incorrect, they can always approach us by sending email admin@sustify.world.
Need Expert help?
Contact us TODAY for sustainability strategy, reporting, and outsourcing services.