NTPM HOLDINGS BERHAD
Malaysia | 5066.KL | Main
Reference
Report Year: 2024
Source Files: NTHB_Annual_Report_2024.md
Sustainability Committee
Sustainability Working Group (Unknown pax) 🟢
- Quarterly meetings 🟢
Reporting
Integrated Report, No specific framework mentioned ⚠️
GHG Accounting
NTPM Holdings Berhad demonstrates a commitment to GHG accounting by reporting Scope 1 and Scope 2 emissions for its Malaysia and Vietnam operations, achieving an average of 831 kgCO₂e per ton of paper in Malaysia Tissue operations for FY2024, a 6.3% reduction from FY2023. However, Scope 3 emissions are not reported, limiting the completeness of the inventory. The lack of third-party verification and unspecified GWP basis are notable gaps. The company follows the ECNZ standard for calculations, which is a positive step, but could improve transparency by adopting globally recognized frameworks like GHG Protocol. To strengthen reporting, NTPM should include Scope 3 data, establish a clear base year, and pursue third-party verification for credibility.
Emissions
| Scope | Value | Note |
|---|
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Malaysia & Vietnam operations 🟢
- Gwp basis: Not specified ⚠️
- Standard: ECNZ standard 🟢
- Data collection approach: Operational data tracking 🟢
- Third party verification: Not verified ⚠️
Efforts
- 6.3% reduction 🟢
- 99.57% recycled fiber 🟢
- FSC & PEFC certified pulp 🌱
- Water usage reduction target 🌊
Social Highlights
- 2,061 employees trained 🟢
- 34,723 students educated 🥗
- RM361,292 community investment 🟢
- 1,206 training hours 🟢
- 23 beneficiaries supported 🥗
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable efforts by NTPM Holdings Berhad in presenting a detailed sustainability statement for FY2024 🟢. The report includes quantifiable metrics such as a 6.3% reduction in GHG emissions per ton of paper and specific training hours (1,206 hours) for employees, which reflect a data-driven approach. Community initiatives like investing RM361,292 and educating over 34,000 students are notable strengths 🟢. However, the report lacks depth in certain areas, with generic statements like 'committed to sustainability' unsupported by forward-looking targets or commitments ⚠️. The absence of third-party verification for GHG data and no mention of Scope 3 emissions are significant gaps. To enhance credibility, NTPM should incorporate third-party assurance, set clear net-zero or long-term goals, and adopt recognized reporting frameworks like GRI or TCFD for structured disclosure. Overall, the report provides a solid foundation but could benefit from more measurable outcomes and forecasting.
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.