GENTING MALAYSIA BERHAD
Malaysia | 4715.KL | Main
Reference
Report Year: 2023
Source Files: GENM_Integrated_Annual_Report_2023_(Part_2).pdf, GENM_Sustainability_Report_2023.pdf
Sustainability Committee
Sustainability Steering Committee (5 pax) 🟢
- Strategic oversight 🟢
- Regular updates 🟢
Reporting
GRI, TCFD, Separate Report 🟢
GHG Accounting
Genting Malaysia Berhad demonstrates a commitment to climate change mitigation by reporting Scope 1 and Scope 2 emissions and implementing a tracking system for emissions, energy, water, and waste. The company aligns with national climate targets (e.g., Malaysia’s net-zero by 2050 goal) and integrates climate risks into its risk scorecard. However, key gaps include the absence of quantified emission data in tCO₂e, no Scope 3 reporting, and lack of third-party verification. Strengthening disclosures with specific metrics, a defined base year, and external assurance would enhance credibility. Adopting a recognized standard like GHG Protocol could further improve transparency and comparability of data.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Reported 🟢 | Specific data not quantified in tCO₂e ⚠️ |
| Scope2 | Reported 🟢 | Specific data not quantified in tCO₂e ⚠️ |
| Scope3 | Not reported ⚠️ | Scope 3 emissions not disclosed ⚠️ |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Operational control 🟢
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Energy-saving processes 🟢
- Reduce, reuse, recycle 🟢
- Green technologies 🌞
- Eco-efficient operations 🌱
Social Highlights
- 24.9M visitors 🟢
- Responsible gaming training 🟢
- Community programs 🥗
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can’t find ⚠️
Report Quality
Commendable foundation in sustainability reporting by Genting Malaysia Berhad 🟢. The 2023 Sustainability Report offers a structured overview of environmental, social, and governance efforts, with clear alignment to frameworks like GRI and TCFD. Strengths include detailed governance structures (e.g., Sustainability Steering Committee) and initiatives like energy-saving processes and waste management hierarchies. However, the report falls short on quantifiable metrics for GHG emissions, lacking specific tCO₂e figures for Scopes 1 and 2, and omitting Scope 3 entirely ⚠️. Forward-looking commitments, such as net-zero targets or timelines beyond national goals, are vague. To improve, the company should prioritize third-party verification, disclose absolute emission data, and set measurable, time-bound targets. Enhancing specificity in social impact numbers would also strengthen credibility. Overall, the report provides a solid base but requires deeper data-driven insights.
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