ATRIUM REAL ESTATE INVESTMENT TRUST
Malaysia | 5130.KL | Main
Reference
Report Year: 2024
Source Files: Atrium_REIT_Annual_Report_2024_compressed.md
Sustainability Committee
Sustainability Working Committee (SWC) 🟢
- Stakeholder engagement 🟢
- Initiative implementation 🟢
- Materiality Assessment 🟢
Reporting
IFRS S1 & S2, Integrated Report 🟢
GHG Accounting
Atrium REIT's 2024 sustainability report lacks detailed GHG accounting data, with no information on Scope 1, 2, or 3 emissions, base year, or boundary definitions. There is also no mention of standards like the GHG Protocol, data collection methods, or third-party verification, which are critical for credibility. The absence of carbon intensity metrics further limits transparency. While the report acknowledges climate-related risks, it fails to provide quantifiable metrics or targets. Improvements are needed in establishing a robust GHG inventory, adopting recognized standards, and ensuring independent verification to enhance accountability and align with global best practices.
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 reported ⚠️
- Boundary inventory: Not reported ⚠️
- Gwp basis: Not reported ⚠️
- Standard: Not reported ⚠️
- Third party verification: Not reported ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- No data ⚠️
- No data ⚠️
- No data ⚠️
- No data ⚠️
Social Highlights
- Sustainability training 🥗
- Limited data available ⚠️ (Insufficient social impact metrics reported.)
- Limited data available ⚠️ (Insufficient social impact metrics reported.)
- Limited data available ⚠️ (Insufficient social impact metrics reported.)
- Limited data available ⚠️ (Insufficient social impact metrics reported.)
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Constructive Foundation 🟢: Atrium REIT's 2024 integrated sustainability report provides a basic framework for sustainability governance through the Sustainability Working Committee (SWC). The adoption of IFRS S1 and S2 standards is a positive step toward structured reporting. However, the report falls short in quantifiable actions and measurable outcomes ⚠️, particularly in GHG emissions accounting, where no data on Scope 1, 2, or 3 is provided. Social and environmental initiatives lack specific metrics or impact numbers, and forward-looking commitments, such as net-zero targets, are absent. Generic statements about stakeholder engagement and climate risk management are present but unsupported by evidence. To improve, the company should incorporate third-party verification, set measurable targets, and provide detailed data on emissions and social impact. This would enhance credibility and align with investor expectations for transparency.
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