CAN-ONE BERHAD
Malaysia | 5105.KL | Main
Reference
Report Year: 2023
Source Files: Can-One_Berhad_Annual_Report_2023.md
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
GRI, Integrated Report 🟢
GHG Accounting
CAN-ONE BERHAD demonstrates a commitment to GHG accounting with reported emissions for Scope 1 (124,900 tCO₂e) and Scope 2 (58,300 tCO₂e) in 2023, supported by third-party verification from KPMG PLT, which adds credibility to the data. However, critical gaps remain, including the absence of Scope 3 emissions, base year, boundary definitions, and GWP basis, limiting a comprehensive assessment of their carbon footprint. The lack of carbon intensity metrics also hinders benchmarking against industry peers. To strengthen reporting, the company should include Scope 3 data, define boundaries, and adopt a standardized approach like the GHG Protocol for transparency and comparability.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 124,900 tCO₂e 🟢 | |
| Scope2 | 58,300 tCO₂e 🟢 | |
| Scope3 | Not reported ⚠️ | Scope 3 emissions data not disclosed in the report. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Not specified
- Gwp basis: Not specified
- Standard: Not specified
- Data collection approach: Not specified
- Third party verification: Verified by KPMG PLT
- Carbon intensity: Not reported ⚠️
Efforts
- Reduction initiatives mentioned ⚠️
- 73,715 MT waste diverted 🟢
- Not reported ⚠️
- 30,400 MT FSC-certified paper 🌱
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable effort by CAN-ONE BERHAD in presenting an integrated sustainability report aligned with the GRI framework 🟢. The report includes quantifiable metrics such as Scope 1 and Scope 2 emissions, waste diversion (73,715 MT), and social initiatives like training 3,268 employees on health and safety. The third-party verification by KPMG PLT enhances data reliability. However, there are notable gaps ⚠️, including the absence of Scope 3 emissions, carbon intensity, and forward-looking commitments like net-zero targets. Some sections rely on generic statements, such as 'committed to sustainability,' without measurable outcomes or timelines. To improve, the company could incorporate Scope 3 data, set clear targets with timelines, and provide more detailed forecasting. Overall, the report provides a solid foundation but could benefit from greater depth and specificity in critical areas.
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