DAGANG NEXCHANGE BERHAD

Malaysia | 4456.KL | Main

By Sustify.world AI model | 2025-05-24

Dagang NeXchange Berhad, an investment holding company, engages in information technology (IT) and eServices, and energy businesses in Asia, Europe, and North America. It is involved in the development, management, and provision of business to government (B2G) e-commerce and computerized transaction in trade facilitation services; research and development, designing, manufacturing, and trading of radio-frequency technology; and provision of services for infrastructure works for telecommunication industry. The company also engages in the business of online marketing and e-market place; trading of various types of drinking water and beverages; provision of technical consultancy, implementation, training, maintenance, and technical support service to eBusiness; and operation of business to business (B2B) eCommerce portal. In addition, the company offers consultancy and advisory in computer hardware, software, peripherals, and other IT based products; IT project management, maintenance and asset management; manufacturing of semiconductor wafers and integrated device, as well as supplies multinational fabless; and sale of advanced semiconductor products. Further, it supplies hardware equipment, software, and peripherals; information transmission; explores for, develops, and produces crude oil and natural gas; explores and develops upstream oil and gas assets; designs, develops, constructs, operates, and maintains power plants; provides oilfield services; engineering and technical support services for the oil and gas industry; and sells oil and gas related equipment. Additionally, the company trades in solid state drive products; and provision of subsea cable installation and maintenance services. The company was formerly known as TIME Engineering Berhad and changed its name to Dagang NeXchange Berhad in May 2014. Dagang NeXchange Berhad was incorporated in 1970 and is headquartered in Cyberjaya, Malaysia.

Reference

Report Year: 2023
Source Files: DNeX-_Annual_Report_2023_(Part_1).pdf, DNeX-_Annual_Report_2023_(Part_2).pdf

Sustainability Committee

Sustainability Committee (Members Unknown) 🟢

RGSC Oversight 🟢

Reporting

GRI, TCFD, Integrated Report 🟢

GHG Accounting

DAGANG NEXCHANGE BERHAD's 2023 sustainability report lacks detailed GHG accounting. There are no specific figures for Scope 1, 2, or 3 emissions, nor is there mention of a base year, boundary, or inventory details. The absence of third-party verification and carbon intensity metrics further limits transparency. While the report highlights a commitment to net-zero by 2050 and initiatives like solar panel installation, these are not supported by quantifiable data. A key improvement area is to establish a robust GHG inventory with clear methodologies and verified data. Including Scope 3 emissions and biogenic emissions (if applicable) would also enhance credibility and align with global standards like the GHG Protocol.

Emissions

Scope	Value	Note
Scope1	Not reported ⚠️	No specific data provided for Scope 1 emissions.
Scope2	Not reported ⚠️	No specific data provided for Scope 2 emissions.
Scope3	Not reported ⚠️	No specific data provided for Scope 3 emissions.
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 planned 🌞
Floating wind turbine project 🌬️
Net-zero target by 2050 🟢

Social Highlights

Employee engagement programs 🥗
CSR investment for communities 🟢
Health & wellness programs 🥗
Limited data available ⚠️ (Specific measurable impacts not detailed.)
Limited data available ⚠️ (Specific measurable impacts not detailed.)

Governance

Salary disclosure: Can’t find ⚠️

Report Quality

Commendable intent is evident in DAGANG NEXCHANGE BERHAD’s 2023 sustainability report, with a clear commitment to frameworks like GRI and TCFD 🟢. The integrated report highlights forward-looking goals, such as achieving net-zero by 2050 and innovative projects like solar panel installation and floating wind turbines. However, the report falls short on quantifiable actions and measurable outcomes ⚠️. Key metrics, such as GHG emissions data, carbon intensity, and verified results, are absent, limiting transparency. Generic statements like 'commitment to sustainability' lack supporting evidence. To improve, the company should incorporate third-party verification, provide detailed emissions data, and outline specific, time-bound targets. Enhancing social impact metrics and governance disclosures would also strengthen credibility. Overall, the report provides a foundation but requires more depth to meet stakeholder expectations.

Tags:

Energy Technology

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.

Let's talk

Similar Companies

GENTING BERHAD | Main | 3182.KL

MISC BERHAD | Main | 3816.KL

GAS MALAYSIA BERHAD | Main | 5209.KL

more -->