LUXCHEM CORPORATION BERHAD
Malaysia | 5143.KL | Main
Reference
Report Year: 2023
Source Files: Luxchem_AR_2023.md
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Materiality assessment 🟢
- Stakeholder survey 🟢
Reporting
GRI, UN SDGs, Integrated Report 🟢
GHG Accounting
Luxchem Corporation Berhad's GHG accounting efforts are currently underdeveloped. The 2023 report lacks specific data on Scope 1, 2, and 3 emissions, with no mention of base year, boundary, or inventory details. Additionally, there is no reference to GWP basis, standards like GHG Protocol, or data collection approaches. Third-party verification is not yet implemented, though the company is evaluating its necessity. While the report highlights a commitment to reducing emissions, the absence of quantifiable metrics limits transparency. A key improvement would be to establish a robust GHG inventory with absolute emission figures and pursue external assurance to enhance credibility. Aligning with international standards like GHG Protocol or ISO 14064 could further strengthen reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No specific data on Scope 1 emissions provided. |
| Scope2 | Not reported ⚠️ | No specific data on Scope 2 emissions provided. |
| Scope3 | Not reported ⚠️ | No specific data on Scope 3 emissions provided. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Not specified ⚠️
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Data collection approach: Not specified ⚠️
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Emission reduction commitment 🟢
- Water and waste conservation 🟢
- Renewable energy adoption 🌞
Social Highlights
- RM28,879 community investment 🟢
- 10 beneficiaries 🟢
- 162 employees trained 🟢
- Zero fatalities 🟢
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable framework adoption is evident in Luxchem Corporation Berhad’s 2023 sustainability report, with alignment to GRI Standards and UN SDGs 🟢. The report provides a structured overview of sustainability priorities and stakeholder engagement processes. However, it falls short on quantifiable actions and measurable outcomes, particularly in GHG emissions and environmental impact areas ⚠️. Statements like 'committed to reducing emissions' lack supporting data or specific targets. While social metrics, such as community investment (RM28,879), are notable, broader impact forecasting or forward-looking commitments are minimal. To improve, the company should incorporate specific, verifiable metrics for emissions and waste reduction, pursue third-party verification for credibility, and outline clear, time-bound sustainability targets. This would transform a solid foundation into a more impactful and transparent report.
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