TH PLANTATIONS BERHAD
Malaysia | 5112.KL | Main
Reference
Report Year: 2024
Source Files: PART_1_THP_AR24.md
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Oversees initiatives 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
TH Plantations Berhad demonstrates a commitment to GHG accounting by reporting Scope 1 (157,907 tCO₂e), Scope 2 (2,063 tCO₂e), and Scope 3 (628 tCO₂e) emissions for 2024, with third-party verification enhancing credibility. Their efforts include renewable energy initiatives like biogas plants and solar panels, aligning with a net-zero target by 2050. However, gaps exist, such as the lack of a specified base year, GWP basis, or standard (e.g., GHG Protocol). Biogenic emissions are not reported despite biomass usage, which is a significant oversight. Improvements are needed in detailing standards, base year data, and including biogenic emissions in the inventory to ensure comprehensive reporting and alignment with global best practices.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 157,907 tCO₂e 🟢 | |
| Scope2 | 2,063 tCO₂e 🟢 | |
| Scope3 | 628 tCO₂e 🟢 | |
| Biogenic emissions | Not reported despite biomass usage ⚠️ | Biomass residue reutilized but not accounted in GHG inventory. |
Other Details
- Base year: Not specified
- Boundary inventory: Covers operations in Malaysia across subsidiaries with significant influence.
- Gwp basis: Not specified
- Standard: Not specified
- Data collection approach: Internal data collection processes with workshops for staff.
- Third party verification: Yes
- Carbon intensity: Not reported ⚠️
Efforts
- Biogas plant installed 🟢
- 84% biomass reutilized 🟢
- Solar panels deployed 🌞
- Energy-efficient upgrades 🌱
Social Highlights
- 2,316 landowners supported 🟢
- Community training 🥗
- Local employment 🟢
- HCV training 🥗
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable transparency is evident in TH Plantations Berhad’s 2024 sustainability report, with detailed metrics on GHG emissions (e.g., Scope 1: 157,907 tCO₂e) and waste management (84% biomass reutilized) 🟢. The integration of sustainability into their strategic plan, AL-Falah 22/22, and third-party verification of key data add credibility. Forward-looking commitments, such as achieving net-zero by 2050, are promising. However, the report falls short in addressing biogenic emissions despite biomass usage and lacks clarity on base year or GHG standards ⚠️. Generic statements on sustainability culture need more measurable outcomes. To improve, the company should incorporate biogenic emissions, specify GHG accounting standards, and provide deeper social impact metrics. Overall, the report offers a strong foundation but could benefit from addressing these gaps for enhanced accountability.
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