AEON CREDIT SERVICE (M) BERHAD
Malaysia | 5139.KL | Main
Reference
Report Year: 2024
Source Files: AEON_Credit_-_Integrated_Report_2024_Part_1.pdf, AEON_Credit_-_Integrated_Report_2024_Part_2.pdf
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Active oversight by MSC 🟢
- Execution by SWC 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
AEON Credit demonstrates a strong commitment to GHG accounting with detailed Scope 1 and 2 reporting, achieving a 31% reduction in net emissions (1,639.5 tCO₂e) in FYE2024 compared to the FYE2022 baseline, surpassing their 15% target through renewable energy certificates (RECs). The use of IPCC and IGES standards ensures credibility, and partial third-party verification by SIRIM and KPMG adds reliability. However, Scope 3 emissions remain unreported, limiting the completeness of their inventory. Their business, not carbon-intensive, focuses impact through sustainable lending. Improvements could include expanding Scope 3 data collection and fully verifying all emission scopes to enhance transparency and accountability in their journey towards carbon neutrality by 2030.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 200 tCO₂e 🟢 | |
| Scope2 | 2,317 tCO₂e 🟢 | |
| Scope3 | Not reported ⚠️ | Scope 3 emissions not yet disclosed, planned for future reporting. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: 2022
- Boundary inventory: Head Office, Regional Offices, and Branch Offices in AEON and other malls
- Gwp basis: 2006 IPCC Guidelines for Scope 1, IGES for Scope 2
- Standard: GHG Protocol
- Third party verification: Partially verified by SIRIM QAS International and KPMG PLT
- Carbon intensity: 1.19 tCO₂e/RM mil revenue, partially verified 🟢
Efforts
- 31% reduction 🟢
- 6.25 tonnes e-waste recycled 🟢
- 877.5 tCO₂e offset via RECs 🌞
- Green financing launched 🌱
Social Highlights
- 5,404 beneficiaries supported 🥗
- 873 volunteers engaged 🥗
- 12 scholarships (RM105,800) 🥗
- 12 schools benefited 🥗
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable initiative by AEON Credit in their FYE2024 Integrated Report, showcasing a robust sustainability framework with quantifiable metrics such as a 31% reduction in GHG emissions and 6.25 tonnes of e-waste recycled 🟢. The adoption of GRI and TCFD frameworks, coupled with third-party verification by SIRIM and KPMG, reflects a commitment to transparency. Measurable outcomes like community investments benefiting 5,404 individuals are notable. However, gaps exist with Scope 3 emissions unreported and limited forward-looking commitments beyond the 2030 carbon neutrality target ⚠️. Some statements, such as 'commitment to sustainability,' lack specific evidence or timelines. The report could benefit from detailed Scope 3 data, more actionable targets, and enhanced forecasting to strengthen credibility and impact. Overall, a solid foundation with room for deeper specificity.
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