HEXTAR TECHNOLOGIES SOLUTIONS BERHAD
Malaysia | 5136.KL | Main
Reference
Report Year: 2024
Source Files: HexTech_-_Annual_Report_FY2024.md
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
Bursa Malaysia Guide, UN SDGs, Integrated Report 🟢
GHG Accounting
Hextar Technologies Solutions Berhad demonstrates a basic level of GHG accounting by reporting Scope 1 emissions at 4,361 tCO₂e (from diesel in logistics) and Scope 2 at 98.43 tCO₂e (from electricity) for FYE 2024. The company tracks fuel consumption via systems like GPS and Total Dynamic System, showing commitment to efficiency. However, Scope 3 emissions are unreported, limiting a full view of their carbon footprint. Key details such as base year, GWP basis, and accounting standards are missing, and there’s no third-party verification, reducing data credibility. Improvement is needed in comprehensive reporting across all scopes, adopting recognized standards like GHG Protocol, and seeking external validation to enhance transparency and stakeholder trust.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 4,361 tCO₂e 🟢 | Primarily from diesel consumption in logistics. |
| Scope2 | 98.43 tCO₂e 🟢 | From electricity consumption. |
| Scope3 | Not reported ⚠️ | Scope 3 emissions data not disclosed. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Operational control 🟢
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Data collection approach: Direct measurement 🟢
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Upgraded to fuel-efficient trucks 🟢
- Virtual meetings adopted 🟢
- GPS fleet optimization 🌱
- Digital platforms for sustainability 🌱
Social Highlights
- 99.9% local procurement 🟢
- 100,000+ MoneyX app downloads 🟢
- Diversity Policy for gender balance 🟢
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable initial steps are evident in Hextar Technologies’ sustainability reporting for FYE 2024 🟢. The integrated report, aligned with Bursa Malaysia’s Sustainability Reporting Guide and UN SDGs, provides quantifiable metrics like Scope 1 (4,361 tCO₂e) and Scope 2 (98.43 tCO₂e) emissions, alongside initiatives such as fleet upgrades and virtual meetings. However, significant gaps remain ⚠️. The absence of Scope 3 data, lack of third-party verification, and missing details on base year or GHG standards undermine credibility. Forward-looking commitments are vague, with no specific net-zero targets or timelines mentioned. Generic statements like 'committed to sustainability' lack measurable outcomes. To improve, the company should incorporate comprehensive GHG reporting across all scopes, seek external validation, and outline clear, time-bound sustainability goals. This would elevate the report from a foundational effort to a robust disclosure.
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