MYCRON STEEL BERHAD
Malaysia | 5087.KL | Main
Reference
Report Year: 2024
Source Files: Mycron_AR2024_(Part_1b).pdf, Sustainability_Report_Mycron_AR2024.pdf
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Quarterly meetings 🟢
Reporting
GRI, TCFD, IFRS S1, IFRS S2, Separate Report 🟢
GHG Accounting
MYCRON STEEL BERHAD demonstrates a structured approach to GHG accounting with third-party verification by UTM PROSPECT for Scope 1 (14,484 tCO₂e) and Scope 2 (53,868 tCO₂e) emissions in FY2024. The use of ISO 14064-1 and GHG Protocol standards ensures credibility, while carbon intensity reporting (115 kgCO₂e/tonne) adds granularity. However, Scope 3 emissions remain unreported, limiting a full view of the carbon footprint. The absence of a clear base year also hinders tracking progress over time. To improve, the company should expand reporting to include Scope 3 emissions and establish a baseline for consistent comparison. Overall, while current efforts show commitment, broader disclosure and enhanced targets are needed for a comprehensive climate strategy.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 14,484 tCO₂e 🟢 | |
| Scope2 | 53,868 tCO₂e 🟢 | |
| Scope3 | Not reported ⚠️ | Scope 3 data not comprehensively disclosed. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Organizational boundary includes selected subsidiaries
- Gwp basis: IPCC AR5
- Standard: ISO 14064-1, GHG Protocol
- Data collection approach: Consistent and transparent methodology with internal data monitoring
- Third party verification: Yes, by UTM PROSPECT for Scope 1 & 2
- Carbon intensity: 115 kgCO₂e/tonne, verified 🟢
Efforts
- 20,611 GJ solar energy 🌞
- 98.8% waste recycled 🟢
- Solar PV expansion (526kW) 🌞
- Rainwater harvesting 🌧️
Social Highlights
- 6,665 training hours for 618 employees 🟢
- 13 social engagements, 500 volunteer hours 🥗
- 2,310 community beneficiaries 🥗
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable foundation in MYCRON STEEL BERHAD’s FY2024 sustainability report with quantifiable metrics like 14,484 tCO₂e for Scope 1 emissions and 98.8% waste recycling 🟢. The use of GRI and TCFD frameworks, alongside third-party verification for GHG data, enhances credibility. Measurable outcomes, such as 6,665 training hours for employees, reflect a commitment to social impact. However, gaps remain, including the absence of Scope 3 emissions and a defined base year for tracking progress ⚠️. Forward-looking commitments, like increasing renewable energy to 50% by 2035, are promising but lack interim milestones. Generic statements on climate strategy need deeper evidence of implementation. To improve, the company could incorporate Scope 3 reporting, set clearer targets, and expand third-party assurance across all metrics. Overall, a solid effort with room for greater depth and transparency.
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