HEXTAR GLOBAL BERHAD
Malaysia | 5151.KL | Main
Reference
Report Year: 2023
Source Files: HGB_Annual_Report_2023_Part_2.pdf, HGB_Annual_Report_2023_Part_3.pdf
Sustainability Committee
ESG Committee Formed 🟢
- Strategy Oversight 🟢
- Progress Monitoring 🟢
- Cross-Functional Collaboration 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
Hextar Global Berhad demonstrates a structured approach to GHG accounting with comprehensive Scope 1, 2, and 3 emissions reporting for 2023, totaling 3,494 tCO₂e 🟢. The use of the GHG Protocol and operational control approach ensures alignment with global standards. Transparency is enhanced by detailed breakdowns of emission sources, such as mobile combustion and employee commuting. However, the lack of third-party verification (planned for 2024) and absence of carbon intensity data are notable gaps ⚠️. A clear base year is also missing, hindering trend analysis. To improve, Hextar should expedite verification, establish a baseline for historical comparison, and report intensity metrics to better contextualize emissions relative to business output.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 410 tCO₂e (2023) 🟢 | Covers direct emissions from mobile and stationary combustion |
| Scope2 | 2,051 tCO₂e (2023) 🟢 | Covers indirect emissions from purchased electricity |
| Scope3 | 1,033 tCO₂e (2023) 🟢 | Covers employee commuting and business travel (land and air) |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Operational control approach, covering Malaysia, Brunei, Indonesia, and Australia operations (excludes recent acquisitions unless stated)
- Gwp basis: IPCC 2006 Guidelines, DEFRA (UK)
- Standard: GHG Protocol
- Data collection approach: Equity share consolidation method for significant influence or majority ownership
- Third party verification: Planned for 2024 ⚠️
- Carbon intensity: Not specified ⚠️
Efforts
- 8.38% Renewable Energy 🟢
- Recycled 38.17 MT 🟢
- Solar PV Systems 🌞
- Reduced Class I by 16.6% 🌱
Social Highlights
- RM126,376 Community Investment 🟢
- 5,460 Beneficiaries 🟢
- 114 Employees Trained 🟢
- 33.3% Female in Top Management 🟢
- Limited Data Available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable Effort in sustainability reporting by Hextar Global Berhad with a strong focus on quantifiable actions 🟢, such as achieving 8.38% renewable energy usage and recycling 38.17 MT of waste. The report provides detailed GHG emissions data across all scopes (3,494 tCO₂e in 2023) and aligns with the GRI framework, enhancing credibility. Measurable outcomes like community investment (RM126,376 benefiting 5,460 individuals) reflect social impact. Forward-looking commitments, such as targeting Net Zero by 2050 and third-party verification by 2024, are promising. However, gaps exist with generic statements like 'committed to sustainability' lacking specific evidence ⚠️, and the absence of verified data or a clear base year for emissions trends. To improve, Hextar could incorporate verified data sooner, provide deeper context on governance disclosures, and avoid vague commitments by tying them to measurable KPIs. Overall, the report lays a solid foundation but can be elevated with more specificity and assurance.
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