APM AUTOMOTIVE HOLDINGS BERHAD
Malaysia | 5015.KL | Main
Reference
Report Year: 2023
Source Files:
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- RMSC oversees strategies 🟢
- SWC action plans 🟢
Reporting
Bursa Malaysia Guide, Integrated Report 🟢
GHG Accounting
APM Automotive Holdings Berhad shows commitment to GHG accounting with a focus on Carbon Emission Management (CEM) as part of its 5-year strategic plan, targeting Net-Zero by 2050. The report mentions Scope 1, 2, and 3 emissions but lacks specific 2023 data, setting baselines for 2025 instead. Energy consumption data (34,218.94 MW in 2023) and CO2 reduction (1,343 tonnes) are provided, which is a strength. However, the absence of detailed emission figures, third-party verification, and carbon intensity metrics limits transparency. Improvements are needed in quantifying emissions across all scopes and adopting recognized standards like GHG Protocol for consistency. Incorporating external assurance would enhance credibility.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not quantified ⚠️ | Scope 1 emissions reported as baseline for 2025, no specific data for 2023 ⚠️ |
| Scope2 | Not quantified ⚠️ | Scope 2 emissions reported as baseline for 2025, no specific data for 2023 ⚠️ |
| Scope3 | Not quantified ⚠️ | Scope 3 emissions reported as baseline for 2025, limited to business travel and commuting ⚠️ |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Not specified
- Gwp basis: 2017 Clean Development Mechanism (CDM) Electricity Baseline for Malaysia
- Standard: Not specified
- Data collection approach: Internal data collection and review by Systems and Internal Audit Department
- Third party verification: Not conducted
- Carbon intensity: Not reported ⚠️
Efforts
- 1,343 tonnes CO2 reduced 🟢
- Recycling initiatives 🟢
- Solar panel adoption 🌞
- LED lighting implemented 🌱
Social Highlights
- RM146,262 invested, 9,088 beneficiaries 🟢
- 3,917 employees trained 🟢
- 16,303 training hours (executives) 🟢
- 19,300 training hours (non-executives) 🟢
- 710 mangrove trees planted 🟢
Governance
- Salary disclosure: Can’t find ⚠️
Report Quality
Commendable foundation in sustainability reporting by APM Automotive Holdings Berhad 🟢. The 2023 integrated report provides quantifiable data on energy consumption (34,218.94 MW), CO2 reduction (1,343 tonnes), and social impact (RM146,262 invested, benefiting 9,088 individuals), which adds credibility to their efforts. The forward-looking commitment to Net-Zero by 2050 and plans to adopt TCFD recommendations are positive steps. However, key gaps exist ⚠️, such as the lack of specific GHG emission data for Scopes 1, 2, and 3, absence of third-party verification, and limited disclosure on governance aspects like salary transparency. Generic statements on sustainability commitment often lack measurable outcomes. To improve, the company should prioritize detailed emission reporting, seek external assurance for data credibility, and enhance governance disclosures for greater transparency.
Tags:
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.