IQ GROUP HOLDINGS BERHAD
Malaysia | 5107.KL | Main
Reference
Report Year: 2024
Source Files: IQ_AR2024-Final.pdf
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
Bursa Malaysia Guidelines, Integrated Report 🟢
GHG Accounting
IQ Group Holdings Berhad's sustainability report for FY23/24 lacks detailed GHG accounting. There is no data on Scope 1, Scope 2, or Scope 3 emissions, nor information on base year, boundary, or inventory. The report does not specify the GWP basis, standards used, or data collection approach. Additionally, there is no mention of third-party verification, which is critical for credibility. While the company reports total energy consumption (698.08 MW), this is not translated into emissions data. A key improvement area is to establish a comprehensive GHG inventory with clear methodologies and seek external assurance to enhance transparency and accountability in environmental reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data on Scope 1 emissions provided. |
| Scope2 | Not reported ⚠️ | No data on Scope 2 emissions provided. |
| Scope3 | Not reported ⚠️ | No data on Scope 3 emissions provided. |
| 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: Not mentioned ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Promotes LED lighting 🌞
Social Highlights
- MYR 2,000 community investment 🥗
- 77 beneficiaries 🥗
- 120 employees trained on safety 🟢
- 3,000+ training hours 🟢
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable initial steps are evident in IQ Group Holdings Berhad’s FY23/24 sustainability report with a focus on ESG integration and stakeholder engagement 🟢. The report provides quantifiable data on social initiatives, such as community investments (MYR 2,000) and training hours (over 3,000), which is a positive aspect. However, it falls short in environmental reporting, particularly with no GHG emissions data or detailed methodologies ⚠️. Forward-looking commitments are vague, lacking specific targets like net-zero timelines. Generic statements about sustainability dominate without measurable outcomes to back them up. To improve, the company should incorporate third-party verification, establish clear environmental metrics, and outline actionable future goals. This would elevate the report from a foundational effort to a robust tool for transparency and accountability.
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.