PLENITUDE BERHAD
Malaysia | 5075.KL | Main
Reference
Report Year: 2024
Source Files: Plenitude_Berhad_Annual_Report_2024.pdf
Sustainability Committee
Sustainability Working Committee (Members Unknown) 🟢
- Coordinates sustainability activities 🟢
- Collates measurable data 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
PLENITUDE BERHAD's GHG accounting in FY2024 focuses on Scope 2 emissions from electricity consumption in its hotel operations, with an increase reported due to the addition of a new hotel. The boundary covers primary operations in Malaysia, contributing 91% of revenue, using the SEDA 2016 Baseline for emission factors. However, Scope 1 and Scope 3 emissions are not reported, limiting the comprehensiveness of the GHG inventory. Data is sourced internally with validation by business units, but no external assurance has been obtained, though the company plans to pursue it. Key improvements needed include reporting absolute emission figures, disclosing Scope 1 and 3 data, adopting a recognized standard like GHG Protocol, and securing third-party verification to enhance credibility.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | Scope 1 emissions data not provided in the report. |
| Scope2 | Increased in FY2024 ⚠️ | Specific figures for Scope 2 emissions not disclosed, only noted as increased due to new hotel addition. |
| 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 (91% revenue) 🟢
- Gwp basis: SEDA 2016 Baseline 🟢
- Standard: Not specified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- LED lighting adoption 🟢
- R32 refrigerant switch 🌱
- Reduced single-use plastics 🟢
- Cloud computing adoption 🌞
- Biodegradable packaging 🌱
Social Highlights
- 601 employees hired 🟢
- 96 interns trained 🟢
- 5 scholarships (RM198,060) 🥗
- 4,417 training hours 🟢
- RM50,000 donation to elderly home 🥗
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable foundation in sustainability reporting by PLENITUDE BERHAD for FY2024, with a clear focus on integrating ESG principles into its operations 🟢. The report highlights quantifiable actions such as energy-efficient technology adoption (e.g., LED lighting), employee training hours (4,417 hours), and community contributions (e.g., RM50,000 donation). However, there are notable gaps ⚠️, including the absence of absolute GHG emission figures for Scope 1 and 3, limited forward-looking commitments beyond general statements, and a lack of third-party verification. While the report aligns with GRI standards, many disclosures remain qualitative, with generic statements like 'committed to sustainability' lacking measurable outcomes. To enhance credibility, the company should prioritize detailed emission data, set specific targets (e.g., net-zero by a defined year), and seek external assurance. Overall, the report provides a solid base but could benefit from greater depth and specificity in key areas.
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.