WARISAN TC HOLDINGS BERHAD
Malaysia | 5016.KL | Main
Reference
Report Year: 2024
Source Files: WTCH-Annual_Report_(Part_2).pdf
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- 4 meetings 🟢
Reporting
Integrated Report, No Specific Framework Mentioned ⚠️
GHG Accounting
Warisan TC Holdings Berhad's GHG accounting in 2024 shows significant gaps. No absolute emissions data for Scope 1, 2, or 3 is reported, limiting transparency on their carbon footprint. The report focuses on initiatives like transitioning to electric vehicles (EVs) and hybrid machinery (14.9% of fleet), but lacks quantifiable emission reductions. Boundary is limited to Malaysia operations, excluding overseas activities, which may underrepresent total emissions. No base year, GWP basis, or verification status is provided, reducing data credibility. The company should prioritize comprehensive GHG inventory reporting, adopt a recognized standard like GHG Protocol, and seek third-party verification to enhance accountability. Including Scope 3 emissions and carbon intensity metrics would provide a fuller picture of their environmental impact.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | Scope 1 emissions data not provided in the report. |
| Scope2 | Not reported ⚠️ | Scope 2 emissions data not provided in the report. |
| Scope3 | Not reported ⚠️ | Scope 3 emissions data not provided in the report. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Malaysia operations only (overseas operations excluded)
- Gwp basis: Not specified
- Standard: Not specified
- Data collection approach: Not specified
- Third party verification: Not mentioned
- Carbon intensity: Not reported ⚠️
Efforts
- 8.02% increase in EV/hybrid fleet 🟢
- 48.6 MT waste diverted 🟢
- Adopted EVs for automotive division 🌞
- Switched to LFP batteries 🌱
Social Highlights
- 900 employees trained 🟢
- 26,057 training hours 🟢
- RM 35,257.45 for community 🥗
- 671 beneficiaries 🥗
- 14 CSR activities 🥗
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable initiatives are evident in Warisan TC Holdings Berhad’s 2024 sustainability report, particularly in electrification efforts with EVs and hybrid machinery (14.9% of fleet) and waste diversion (48.6 MT) 🟢. The report provides quantifiable metrics in areas like training (26,057 hours) and community investment (RM 35,257.45), reflecting measurable outcomes. However, significant gaps exist in GHG emissions data, with no Scope 1, 2, or 3 reporting, and a lack of recognized frameworks like GRI or TCFD ⚠️. Generic statements about 'sustainability commitment' dominate without supporting evidence or forward-looking targets beyond 2026 fleet goals. The company could improve by incorporating absolute emissions data, adopting international reporting standards, and providing third-party verification. Forward-looking commitments, such as net-zero targets, would strengthen credibility. Overall, the report offers a foundation but needs deeper specificity and transparency to align with best practices.
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