FAR EAST HOLDINGS BERHAD
Malaysia | 5029.KL | Main
Reference
Report Year: 2024
Source Files: Far_East-Corporate_Sustainability_Statement.md
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
Separate Report, No specific framework mentioned ⚠️
GHG Accounting
FAR EAST HOLDINGS BERHAD's sustainability report for 2024 lacks detailed GHG accounting data. There is no mention of Scope 1, Scope 2, or Scope 3 emissions, nor any specifics on base year, boundary, or inventory. Additionally, critical elements such as GWP basis, accounting standards, and data collection approaches are absent. The report does not indicate third-party verification, which is essential for credibility. While the company expresses a commitment to reducing its carbon footprint, the absence of quantifiable metrics or targets limits transparency. To improve, FEHB should prioritize comprehensive GHG reporting, adopt recognized standards like the GHG Protocol, and seek third-party verification to enhance trust and accountability in their environmental efforts.
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 specified ⚠️
- Boundary inventory: Not specified ⚠️
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Data collection approach: Not specified ⚠️
- Third party verification: Not mentioned ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Commitment to lower emissions 🟢
- Monitoring waste and effluents 🟢
- No burning policy 🌱
- Best practices on peatland 🌱
Social Highlights
- Community engagement 🥗
- Environmental training for employees 🟢
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
Report Quality
Room for Improvement in FAR EAST HOLDINGS BERHAD's 2024 sustainability report. While the report demonstrates a general commitment to sustainability with references to policies like the Sustainable Palm Oil (SPO) Policy and certifications such as MSPO, it lacks quantifiable actions and measurable outcomes ⚠️. Statements about reducing carbon footprint and engaging stakeholders are positive but remain vague without specific metrics or targets to back them up. There is no evidence of forward-looking commitments, such as net-zero targets or detailed plans for emissions reduction. The absence of a sustainability committee and specific reporting frameworks further limits transparency. To enhance future reports, FEHB could incorporate third-party verification, provide detailed GHG data, and set clear, measurable goals 🟢. This would strengthen credibility and demonstrate a more robust approach to sustainability.
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