JAKS RESOURCES BERHAD
Malaysia | 4723.KL | Main
Reference
Report Year: 2023
Source Files: JAKS_Annual_Report_2023.md
Sustainability Committee
Sustainability Committee (3 pax) 🟢
- 1 meeting 🟢
Reporting
TCFD, Integrated Report 🟢
GHG Accounting
JAKS Resources Berhad demonstrates a structured approach to GHG accounting with data for Scope 1, 2, and 3 emissions in FY2023. Strengths include detailed reporting of emissions sources, such as diesel and electricity consumption, and employee commuting for Scope 3. However, an increase in Scope 2 emissions by 65% due to expanded tracking (e.g., Pacific Towers Business Hub) highlights challenges in meeting reduction targets. No third-party verification limits data credibility, and the absence of carbon intensity metrics restricts performance benchmarking. Improvements are needed in data verification, comprehensive Scope 3 coverage beyond commuting, and setting clearer reduction strategies to align with the 5% intensity reduction target for Scope 1 and 2.
Emissions
| Scope | Value | Note |
|---|
Other Details
- Base year: FY2022
- Boundary inventory: Operational control for Scope 1 and 2; Scope 3 limited to employee commuting
- Gwp basis: IPCC 2006 Guidelines for Scope 1; Malaysian Green Technology Corporation for Scope 2; UK Government GHG Conversion Factors for Scope 3
- Standard: Not explicitly stated
- Data collection approach: Direct measurement for Scope 1 (diesel), Scope 2 (electricity), and Scope 3 (distance-based method for commuting)
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Targeted 5% reduction ⚠️
- Waste management initiatives 🟢
- Solar panels adopted 🌞
- LED lighting adopted 🌱
Social Highlights
- 71 employees trained 🟢
- RM40,000 community investment 🥗
- 914 training hours 🟢
- Employee engagement events 🥗
- Limited data available ⚠️ (Additional quantifiable social impacts not reported)
Governance
- Salary disclosure: Can't find ⚠️
Report Quality
Commendable foundation in sustainability reporting by JAKS Resources Berhad for FY2023 🟢. The integrated report provides detailed insights into GHG emissions across Scopes 1, 2, and 3, alongside quantifiable social initiatives like training hours (914 hours) and community investments (RM40,000). The use of the TCFD framework adds structure to climate-related disclosures. However, the report falls short on third-party verification for non-financial data, reducing credibility ⚠️. Forward-looking commitments, such as the 5% GHG intensity reduction target, are noted, but actual performance (e.g., 65% increase in Scope 2 emissions) indicates gaps in execution. Generic statements on sustainability commitment lack specific, measurable outcomes in some areas. JAKS could enhance its reporting by incorporating independent assurance, expanding Scope 3 data beyond commuting, and providing clearer strategies to meet targets. Overall, a solid start with room for deeper impact measurement and transparency.
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