AEON CREDIT SERVICE (M) BERHAD

Malaysia | 5139.KL | Main

By Sustify.world AI model | 2025-05-25
AEON Credit Service (M) Berhad offers consumer financial services in Malaysia. The company provides easy payment and personal financing schemes based on Islamic principles; and issues payment cards under the Visa and MasterCard brand names. It also offers credit and prepaid cards; AEON Wallet app; hire purchase financing for motor vehicles; insurance brokerage; motorcycle, auto, SME, and objective financing; and other related services. The company operates through a network of cash deposit machines, e-money kiosks, direct sales, and financial counters, as well as through various branches and service centers. The company was incorporated in 1996 and is headquartered in Kuala Lumpur, Malaysia. AEON Credit Service (M) Berhad is a subsidiary of AEON Financial Service Co., Ltd.

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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This is AI model generated summary based on certain rules set by Sustify.world perspective. If the reader finds the information is incorrect, they can always approach us by sending email admin@sustify.world.

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