HAP SENG PLANTATIONS HOLDINGS BERHAD
Malaysia | 5138.KL | Main
Reference
Report Year: 2023
Source Files:
Sustainability Committee
Environment & Sustainability Committee (Unknown pax) 🟢
- Supported by RSPO Sub-Committee 🟢
- Overseen by Chief Executive 🟢
Reporting
IFRS S1, IFRS S2, Integrated Report 🟢
GHG Accounting
Hap Seng Plantations' GHG accounting efforts are not detailed in the 2023 report. No data is provided on Scope 1, 2, or 3 emissions, base year, boundary, or inventory, which limits transparency. Additionally, there is no mention of GWP basis, standards like GHG Protocol, data collection methods, or third-party verification. While the report acknowledges sustainability governance, the absence of quantifiable GHG metrics is a significant gap. The company should prioritize establishing a comprehensive GHG inventory, adopt recognized standards, and consider external verification to enhance credibility. Without these, stakeholders cannot assess the environmental impact or progress toward sustainability goals.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data available in the report. |
| Scope2 | Not reported ⚠️ | No data available in the report. |
| Scope3 | Not reported ⚠️ | No data available in the report. |
| 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 efforts reported ⚠️
- No efforts reported ⚠️
- No efforts reported ⚠️
- No efforts reported ⚠️
Social Highlights
- OPAP training for staff 🟢
- Enhanced training syllabus 🟢
- Limited data available ⚠️ (Insufficient social impact metrics.)
- Limited data available ⚠️ (Insufficient social impact metrics.)
- Limited data available ⚠️ (Insufficient social impact metrics.)
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Room for Improvement in Hap Seng Plantations' 2023 sustainability report. While the report highlights the presence of an Environment & Sustainability Committee and aligns with IFRS S1 and S2 frameworks 🟢, it lacks quantifiable actions and measurable outcomes across key areas like GHG emissions, waste reduction, and environmental initiatives ⚠️. Generic statements about sustainability governance are present, but without specific metrics or forward-looking commitments (e.g., net-zero targets), the report falls short of providing actionable insights. Social efforts, such as staff training, are noted, but impact numbers are limited. To enhance future reports, the company should incorporate specific data on emissions, adopt third-party verification for credibility, and outline clear, time-bound sustainability goals. This would elevate transparency and demonstrate a stronger commitment to ESG principles.
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