SAMCHEM HOLDINGS BERHAD
Malaysia | 5147.KL | Main
Reference
Report Year: 2023
Source Files: SHB_Annual_Report_2023.pdf
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Develops roadmap 🟢
- Identifies risks 🟢
- Oversees policies 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
Samchem Holdings Berhad has made commendable progress in initiating GHG accounting for FY2023, reporting Scope 1 (8,022 tCO₂e), Scope 2 (245 tCO₂e), and Scope 3 (1,179 tCO₂e, limited to business travel). Strengths include adherence to the GHG Protocol and use of IPCC emission factors, ensuring standardized reporting. However, data lacks third-party verification, which could enhance credibility. Scope 3 coverage is narrow, missing broader supply chain emissions. The company aims for a 3% reduction in Scope 2 intensity by FY2024, a positive step. Improvements could include expanding Scope 3 inventory, obtaining external assurance, and reporting detailed carbon intensity metrics for better transparency.
Emissions
| Scope | Value | Note |
|---|
Other Details
- Base year: 2023 for Scope 1; 2022 for Scope 2
- Boundary inventory: Operational control, includes fuel and electricity consumption, and salesperson travel
- Gwp basis: IPCC Guidelines for National GHG Inventories, UNFCCC Harmonised Grid Factors 2021
- Standard: GHG Protocol
- Data collection approach: Fuel data for logistics and travel; electricity usage from grid
- Third party verification: Not verified ⚠️
- Carbon intensity: Not specified ⚠️
Efforts
- 3% Scope 2 reduction target 🟢
- Solar panels installed 🌞
- Paper reduction target 🟢
- LED lighting transition 🌱
Social Highlights
- 100% customer satisfaction 🟢
- 378 training hours 🟢
- 150 mangrove saplings planted 🥗
- 2 CSR events held 🥗
- Zero HR violations 🟢
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can’t find ⚠️
Report Quality
Commendable Foundation in Samchem’s FY2023 sustainability report with quantifiable metrics like GHG emissions (e.g., 8,022 tCO₂e for Scope 1) and social impact (e.g., 378 training hours) 🟢. The report aligns with GRI and TCFD frameworks, ensuring structured disclosure. Measurable outcomes, such as a 100% customer satisfaction score and zero HSE non-compliance, reflect accountability. Forward-looking commitments, like a 3% Scope 2 emissions reduction by FY2024, are promising. However, generic statements on sustainability commitment lack depth without detailed action plans ⚠️. The absence of third-party verification for GHG data and limited Scope 3 coverage are notable gaps. Samchem could enhance credibility by incorporating external assurance, expanding Scope 3 reporting, and providing more granular targets. Overall, the report offers a solid base but would benefit from deeper evidence-based content and verification.
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