ORIENTAL HOLDINGS BERHAD
Malaysia | 4006.KL | Main
Reference
Report Year: 2023
Source Files: OHB-Annual_Report_FY2023.md, OHB-Sustainability_Report_FY2023.md
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Quarterly EXCO meetings 🟢
Reporting
Bursa Malaysia Framework, Separate Report 🟢
GHG Accounting
Oriental Holdings Berhad's 2023 Sustainability Report lacks detailed GHG accounting data, with no specific figures for Scope 1, 2, or 3 emissions, base year, or verification status provided. While the report highlights qualitative efforts in environmental management across segments like automotive, plantation, and hospitality, the absence of quantifiable metrics limits transparency. Strengths include a focus on sustainability policies like RSPO and MSPO compliance in plantation operations. However, improvements are needed in emissions reporting, adopting standardized frameworks like GHG Protocol, and ensuring third-party verification for credibility. Clear disclosure of boundaries and data collection methods would enhance accountability and stakeholder trust.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No specific Scope 1 data provided. |
| Scope2 | Not reported ⚠️ | No specific Scope 2 data provided. |
| Scope3 | Not reported ⚠️ | No specific Scope 3 data 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 ⚠️
- Data collection approach: Not specified ⚠️
- Third party verification: Not mentioned ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Solar panel installation 🌞
- Waste management initiatives 🟢
- Rainwater harvesting 💧
- Paperless operations 🌱
Social Highlights
- Staff training on sustainability 🟢
- CSR community programs 🥗
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
Report Quality
Commendable initiative by Oriental Holdings Berhad in producing their eighth Sustainability Report for 2023 🟢. The report demonstrates a structured governance framework with the Board Sustainability Committee and Sustainability Working Committee, reflecting a commitment to integrating sustainability into business operations. However, the lack of quantifiable metrics for GHG emissions and limited measurable outcomes in social initiatives are notable gaps ⚠️. While efforts like solar panel installation and RSPO compliance are highlighted, generic statements such as 'striving to reduce environmental footprint' lack supporting data. Forward-looking commitments are present but vague. The company could benefit from adopting international frameworks like GRI or TCFD, incorporating third-party verification, and providing specific targets (e.g., 'reduce emissions by 10% by 2025'). Enhanced disclosures on social impact numbers would also strengthen credibility. Overall, a solid foundation exists, but deeper detail and evidence are needed for impactful reporting.
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