GUAN CHONG BERHAD
Malaysia | 5102.KL | Main
Reference
Report Year: 2023
Source Files: AR_2023_(Part_1).pdf, AR_2023_(Part_2).pdf
Sustainability Committee
Sustainability Steering Committee (SSC) 🟢
- Strategy oversight 🟢
- Reporting review 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
Comprehensive GHG reporting by Guan Chong Berhad includes Scope 1 (23,358 tCO₂e), Scope 2 (67,559 tCO₂e), and partial Scope 3 (2,286 tCO₂e) for 2023, with a reduction in total emissions by 4.9% from 2022. Strengths include the adoption of renewable energy (solar and biomass) avoiding 1,579 tCO₂e and detailed tracking using the GHG Protocol. Biogenic emissions are reported at 4,315 tCO₂e due to biomass boiler usage, which is commendable. However, Scope 3 data is limited to travel and commuting, missing broader supply chain impacts. Third-party verification is absent, reducing data credibility. Improvements needed include expanding Scope 3 inventory and securing external assurance for robustness.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 23,358 tCO₂e 🟢 | |
| Scope2 | 67,559 tCO₂e (Market-based) 🟢 | |
| Scope3 | 2,286 tCO₂e 🟢 | Limited to business travel and employee commuting ⚠️ |
| Biogenic emissions | 4,315 tCO₂e 🟢 | Reported due to biomass usage in boilers. |
Other Details
- Base year: Not specified
- Boundary inventory: Operational control across Malaysia, Indonesia, Germany, US, and Côte d'Ivoire
- Carbon intensity: 0.28 tCO₂e/MT, not verified ⚠️
Efforts
- 4.9% reduction 🟢
- 17,090 MT waste diverted 🟢
- Solar panels, 1,579 tCO₂e avoided 🌞
- Biomass boilers with cocoa shells 🌱
Social Highlights
- 18,424 farmers trained 🟢
- 10,403 households in CLMRS 🟢
- 2,453 in women's empowerment 🟢
- 11,646 training hours 🟢
- 180 beneficiaries, MYR 132K invested 🟢
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can’t find ⚠️
Report Quality
Strong Foundation in sustainability reporting by Guan Chong Berhad with detailed metrics on GHG emissions (e.g., 4.9% reduction in total emissions 🟢) and social impact (e.g., 18,424 farmers trained 🟢). The report offers measurable outcomes, such as avoided emissions from solar panels (1,579 tCO₂e), and forward-looking commitments like achieving zero deforestation by 2030. However, it lacks third-party verification for GHG data, reducing credibility ⚠️. Some statements, like 'committed to sustainable practices,' remain generic without specific timelines or targets. Scope 3 emissions reporting is limited to travel and commuting, missing broader supply chain impacts. The company could benefit from external assurance, expanding Scope 3 data, and setting clearer, time-bound targets for carbon reduction. Overall, a commendable effort with room for deeper specificity and validation.
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