COASTAL CONTRACTS BHD

Malaysia | 5071.KL | Main

By Sustify.world AI model | 2025-05-24
Coastal Contracts Bhd, an investment holding company, provides energy infrastructure and marine services and solutions in Malaysia, Mexico, Saudi Arabia, and internationally. It operates through three segments: Gas Processing; Vessels Manufacturing and Repairing Services; and Vessels Chartering and Equipment Hire. The Gas Processing segment provides onshore gas conditioning and jack-up gas compression services. Its Vessels Manufacturing and Repairing Services segment engages in fabrication and sale of offshore support and marine transportation vessels, as well as provision of ship repairs and maintenance services. The Vessels Chartering and Equipment Hire segment offers vessels transportation and equipment hiring services. It also involved in the sub-contract services; vessels chartering, towing, and leasing services; property letting, marketing, and ship delivery services; tugboat and barge transportation; and management and operation of offshore vessels. Coastal Contracts Bhd was founded in 1976 and is based in Sandakan, Malaysia.

Reference

Report Year: 2023
Source Files:

Sustainability Committee

No sustainability committee formed ⚠️

Reporting

Bursa Malaysia Guide, Integrated Report 🟢

GHG Accounting

Coastal Contracts Bhd's sustainability report for 2023 lacks detailed information on GHG accounting. No data is provided for Scope 1, 2, or 3 emissions, base year, boundary, or inventory. Additionally, there is no mention of the global warming potential basis, emission standards, data collection approach, or third-party verification. Significant improvements are needed to establish a robust GHG inventory, including setting a base year, defining operational boundaries, and adopting recognized standards like the GHG Protocol. Incorporating third-party verification would enhance credibility. Without measurable data, it is challenging to assess the company's environmental impact or progress toward emission reduction targets.

Emissions

Scope Value Note
Scope1 Not reported ⚠️ No data available for Scope 1 emissions.
Scope2 Not reported ⚠️ No data available for Scope 2 emissions.
Scope3 Not reported ⚠️ No data available for Scope 3 emissions.
Biogenic emissions Not applicable → No biomass or biofuel usage reported.

Other Details

  • Base year: Not reported ⚠️
  • Boundary inventory: Not reported ⚠️
  • Gwp basis: Not reported ⚠️
  • Standard: Not reported ⚠️
  • Data collection approach: Not reported ⚠️
  • Third party verification: Not reported ⚠️
  • Carbon intensity: Not reported ⚠️

Social Highlights

  • 100% employees trained on anti-corruption 🟢

Governance

  • Salary disclosure: Can't find ⚠️
  • Litigation: Can't find ⚠️

Report Quality

Room for Improvement in Coastal Contracts Bhd's 2023 sustainability report. While the report adheres to the Bursa Malaysia Sustainability Reporting Guide 🟢, it lacks depth in key areas. There are no quantifiable actions or measurable outcomes related to environmental performance, such as emission reductions or waste management metrics ⚠️. Social and governance aspects show some effort, with data on anti-corruption training, but broader impacts or forward-looking commitments are missing. The content often remains generic, with statements about sustainability lacking supporting evidence. To enhance the report, the company could include specific targets (e.g., net-zero goals), detailed GHG accounting, and third-party verification for credibility. Expanding on social and governance disclosures would also provide a more comprehensive view of sustainability efforts.

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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.

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