AL-AQAR HEALTHCARE REIT
Malaysia | 5116.KL | Main
Reference
Report Year: 2023
Source Files: AR2023_ALAQAR_(Part_2).pdf, AR2023_ALAQAR_(Part_3).pdf
Sustainability Committee
Sustainability Committee (3 pax) 🟢
- 2 meetings 🟢
- ESG risk assessment 🟢
- Health & safety monitoring 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
AL-AQAR HEALTHCARE REIT has initiated GHG reporting for Scope 1 and Scope 2 emissions in 2023, with limited disclosure on Scope 3, marking a step toward transparency. However, the report lacks critical details such as base year, boundary definitions, and specific emission figures, limiting the ability to assess progress. The absence of third-party verification and mention of standards like GHG Protocol or ISO 14064 raises concerns about data reliability. Strengths include alignment with TCFD recommendations for climate risk disclosure. Improvements are needed in providing quantifiable data, establishing a clear base year, and ensuring verification to enhance credibility. Addressing these gaps will strengthen stakeholder trust and align reporting with industry best practices.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Reported 🟢 | Specific data not quantified in report ⚠️ |
| Scope2 | Reported 🟢 | Specific data not quantified in report ⚠️ |
| Scope3 | Limited reporting ⚠️ | Partial disclosure, lacks detail ⚠️ |
| 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
- Scope 3 reporting started 🟢
- GBI assessment for 5 hospitals 🌱
- Green lease program 🌱
Social Highlights
- 84% tenant satisfaction 🟢
- Zero fatalities, 1 injury 🟢
- 8% employees trained 🟢
- Zero human rights complaints 🟢
- Limited data available ⚠️
Governance
- Salary disclosure: Not disclosed ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable initial steps by AL-AQAR HEALTHCARE REIT in their 2023 sustainability report with the establishment of a Board Sustainability Committee and alignment with GRI and TCFD frameworks 🟢. The report highlights quantifiable actions such as achieving an 84% tenant satisfaction score and initiating Scope 3 emissions reporting. However, the lack of detailed GHG data, base year, and third-party verification limits the robustness of environmental disclosures ⚠️. Social and governance sections also show gaps, with limited measurable outcomes beyond tenant satisfaction and no disclosure of senior management salaries. Forward-looking commitments are vague, lacking specific targets like net-zero timelines. The report could benefit from incorporating verifiable metrics, detailed emission inventories, and clearer future goals to enhance credibility and stakeholder trust. Overall, a solid foundation but significant room for improvement exists.
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