KNUSFORD BERHAD
Malaysia | 5035.KL | Main
Reference
Report Year: 2024
Source Files: Knusford_Berhad_-_Annual_Report_2024.md
Sustainability Committee
Sustainability Working Committee (Members Unknown) 🟢
- Quarterly meetings 🟢
- Semi-annual reporting 🟢
Reporting
Bursa Malaysia Guide, Integrated Report 🟢
GHG Accounting
KNUSFORD BERHAD's GHG accounting in FYE 2024 lacks detailed reporting on Scope 1, 2, and 3 emissions, with no specific data or base year provided. While energy consumption (95.40 MW) and diesel usage (158,997 liters) are reported, these are not translated into emission figures. The boundary is limited to Malaysia operations, excluding joint ventures. Data collection challenges are acknowledged, indicating a need for stronger systems. No third-party verification is currently in place for non-financial data, though future assurance is under consideration. Improvements are needed in adopting GHG standards, specifying GWP basis, and reporting carbon intensity to enhance transparency and accountability in environmental impact assessment.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No specific Scope 1 data provided. |
| Scope2 | Not reported ⚠️ | No specific Scope 2 data provided, only total energy consumption reported. |
| Scope3 | Not reported ⚠️ | No Scope 3 data mentioned. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Malaysia operations only →
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Energy efficiency initiatives 🟢
- Zero open burning 🟢
- Pollution control measures 🌱
Social Highlights
- 38 employees trained on safety 🟢
- RM 50,200 donated 🥗
- 126 employees anti-corruption training 🟢
- 1,786 training hours 🥗
- 6 protégés trained 🥗
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable foundation in KNUSFORD BERHAD's FYE 2024 sustainability report with an integrated approach and alignment to Bursa Malaysia guidelines 🟢. The report provides quantifiable social metrics such as training hours (1,786 hours) and charitable contributions (RM 50,200), demonstrating measurable outcomes in workforce development and community support. However, environmental reporting lacks depth ⚠️, with no specific GHG emission data for Scopes 1, 2, or 3, and limited detail on carbon reduction targets or forward-looking commitments. Generic statements like 'committed to sustainability' are present without supporting evidence or specific timelines. To improve, the Group should incorporate third-party verification for non-financial data, enhance GHG accounting with standardized metrics, and outline clear, time-bound environmental goals. This would strengthen credibility and provide stakeholders with a clearer view of the Group's sustainability trajectory.
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