VARIA BERHAD
Malaysia | 5006.KL | Main
Reference
Report Year: 2024
Source Files: Varia_-_Annual_Report_2024.md
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
Integrated Report, No specific framework mentioned ⚠️
GHG Accounting
VARIA BERHAD's sustainability report for 2024 lacks detailed GHG accounting. There is no data on Scope 1, 2, or 3 emissions, nor any mention of a base year, boundary, or inventory. Additionally, critical elements like GWP basis, standards (e.g., GHG Protocol), data collection methods, and third-party verification are absent. While the report acknowledges energy and GHG emissions as material topics, it fails to provide measurable data or progress updates. Significant improvements are needed, including the establishment of a GHG inventory, adoption of recognized standards, and third-party verification to enhance credibility and transparency in environmental reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data on Scope 1 emissions provided. |
| Scope2 | Not reported ⚠️ | No data on Scope 2 emissions provided. |
| Scope3 | Not reported ⚠️ | No data on Scope 3 emissions provided. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not reported ⚠️
- Boundary inventory: Not reported ⚠️
- Gwp basis: Not reported ⚠️
- Standard: Not reported ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- No efforts reported ⚠️
- No efforts reported ⚠️
- No efforts reported ⚠️
- No efforts reported ⚠️
Social Highlights
- 16.851 megalitres water used →
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Room for improvement in VARIA BERHAD’s 2024 sustainability report. While the company demonstrates a commitment to sustainability through its materiality assessment and identification of key EESG topics, the report lacks quantifiable actions and measurable outcomes in critical areas like GHG emissions, waste management, and social impact initiatives ⚠️. Statements such as 'committed to sustainable development' are generic and unsupported by specific metrics or verified data. There is also no mention of forward-looking commitments, such as net-zero targets or future sustainability goals. To enhance the report’s credibility, Varia should incorporate third-party verification, provide detailed data on emissions and resource usage, and outline clear, time-bound targets 🟢. This would transform the report from a conceptual framework into a robust tool for stakeholder accountability.
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