YOONG ONN CORPORATION BERHAD
Malaysia | 5159.KL | Main
Reference
Report Year: 2024
Source Files: Yoong_Onn_Corporation_Berhad_-_Annual_Report_2024.md
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- 1+ meeting annually 🟢
Reporting
Bursa Malaysia Guide, Integrated Report 🟢
GHG Accounting
Yoong Onn Corporation Berhad's sustainability report for FY2024 lacks detailed GHG emissions accounting, with no data provided for Scope 1, 2, or 3 emissions. While the company reports a reduction in total energy consumption (1,600.48 MWh in FY2024), there is no mention of specific carbon emissions data, base year, or inventory boundaries. No third-party verification is indicated, which limits the credibility of environmental claims. The report also lacks details on GWP basis or accounting standards. A key improvement area is to establish a comprehensive GHG inventory, including all scopes, and pursue external assurance for data reliability. Adopting recognized frameworks like the GHG Protocol would enhance transparency and align with global best practices.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | Scope 1 emissions data not disclosed in the report. |
| Scope2 | Not reported ⚠️ | Scope 2 emissions data not disclosed in the report. |
| Scope3 | Not reported ⚠️ | Scope 3 emissions data not disclosed in the report. |
| 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
- Energy reduced to 1,600.48 MWh 🟢
- Waste segregation for recycling 🟢
- 671KW solar panels installed 🌞
- Switched to LED lighting 🌱
Social Highlights
- 48 employees trained on safety 🟢
- 1,597 training hours 🟢
- MYR 5,500 community investment 🥗
- 11 community beneficiaries 🥗
- Limited data available ⚠️ (Additional social impact metrics not disclosed.)
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable initiative by Yoong Onn Corporation Berhad in presenting an integrated sustainability report for FY2024 🟢. The report showcases quantifiable actions such as energy consumption reduction (1,600.48 MWh) and social investments (MYR 5,500 in community programs), which provide a clear view of their efforts. However, the absence of detailed GHG emissions data and third-party verification limits the report's credibility ⚠️. While forward-looking commitments like maintaining zero environmental fines and reducing energy use are noted, many statements remain generic, lacking measurable outcomes or specific timelines. To enhance future reports, the company could incorporate comprehensive GHG accounting across all scopes, pursue external assurance, and provide more granular social impact metrics. This would strengthen stakeholder trust and align with global sustainability standards.
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