NESTLE (MALAYSIA) BERHAD
Malaysia | 4707.KL | Main
Reference
Report Year: 2024
Source Files: NESTLE_IN_SOCIETY_REPORT_2024_PART_1.md, NESTLE_IN_SOCIETY_REPORT_2024_PART_2.md
Sustainability Committee
Sustainability Steering Committee (10 pax) 🟢
- Monthly meetings 🟢
- Quarterly Board updates 🟢
Reporting
GRI, IFRS S1, IFRS S2, Integrated Report 🟢
GHG Accounting
Nestlé Malaysia's GHG accounting efforts show a commitment to sustainability, with a focus on reducing environmental impact through initiatives like regenerative agriculture and energy efficiency. Strengths include independent assurance of some data, as noted on pages 144-146, ensuring credibility 🟢. However, critical gaps exist, such as the absence of specific Scope 1, 2, and 3 emission figures, base year, and boundary details ⚠️. The lack of comprehensive GHG data limits transparency. Improvements are needed in detailed reporting of emissions by scope, establishing a clear base year, and adopting a standardized GHG accounting framework. Enhancing third-party verification across all scopes would further strengthen trust in their environmental claims.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not specified ⚠️ | Scope 1 data not explicitly reported in the document ⚠️ |
| Scope2 | Not specified ⚠️ | Scope 2 data not explicitly reported in the document ⚠️ |
| Scope3 | Not specified ⚠️ | Scope 3 data not explicitly reported in the document ⚠️ |
| 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: Partially verified 🟢
- Carbon intensity: Not reported ⚠️
Efforts
- Net Zero by 2050 target 🟢
- Waste minimization efforts 🟢
- Renewable energy adoption 🌞
- Sustainable packaging 🌱
Social Highlights
- 515 suppliers audited 🟢
- Farmer training programs 🟢
- Youth initiative support 🟢
- 54+ stakeholders engaged 🟢
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable Framework Adoption by Nestlé Malaysia in their 2024 integrated sustainability report 🟢. The use of GRI, IFRS S1, and IFRS S2 frameworks demonstrates a structured approach to reporting. Quantifiable Actions are evident in supplier audits (515 suppliers screened) and community engagement initiatives. However, the report lacks specific GHG emission data for Scopes 1, 2, and 3, which limits transparency on environmental impact ⚠️. While commitments like Net Zero by 2050 are forward-looking, they lack interim targets or measurable outcomes to track progress. Generic statements, such as 'commitment to sustainability,' are present without sufficient evidence of impact. To improve, Nestlé should incorporate detailed emission metrics, enhance third-party verification across all data, and provide clearer timelines for targets. Overall, the report provides a solid foundation but could benefit from greater specificity and depth.
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