VSTECS BERHAD
Malaysia | 5162.KL | Main
Reference
Report Year: 2023
Source Files:
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Includes ESG & Health Committees 🟢
Reporting
Integrated Report, No Specific Framework Mentioned ⚠️
GHG Accounting
VSTECS Berhad demonstrates a basic level of GHG accounting by reporting Scope 1 emissions from staff commute (44.6k kg CO₂ in 2023) and Scope 2 emissions from electricity usage (404k kg CO₂e in 2023). The reduction in Scope 2 emissions is attributed to a 290 kWp rooftop solar system, a commendable step. However, Scope 3 emissions are not reported, limiting the completeness of the inventory. Data is estimated rather than measured, with no mention of a base year, GWP basis, or adherence to standards like GHG Protocol. Third-party verification is absent, reducing credibility. The company should expand reporting to include Scope 3, adopt recognized standards, and pursue verification to enhance transparency and accountability in its environmental impact assessment.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 44.6k kg CO₂ (Staff Commute) 🟢 | |
| Scope2 | 404k kg CO₂e (Electricity) 🟢 | |
| Scope3 | Not reported ⚠️ | Scope 3 emissions not disclosed in the report. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Operational Boundary 🟢
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Solar system adoption (290 kWp) 🌞
- 3Rs waste strategy 🟢
- Rooftop solar power 🌞
Social Highlights
- 50:50 gender balance 🟢
- 100% local hires 🥗
- Employee training programs 🟢
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Moderate Effort with Room for Improvement 🟢. VSTECS Berhad's 2023 sustainability report, integrated within its annual report, provides a foundational overview of its environmental and social initiatives. The inclusion of quantifiable data such as Scope 1 (44.6k kg CO₂) and Scope 2 (404k kg CO₂e) emissions, alongside efforts like the 290 kWp solar system, is commendable 🟢. Social metrics, including a 50:50 gender balance and 100% local hires, add value. However, the report lacks depth in measurable outcomes and forward-looking commitments ⚠️. Statements like 'committed to reducing emissions' remain vague without specific targets or timelines. The absence of third-party verification and recognized frameworks (e.g., GRI, TCFD) limits credibility. To enhance future reports, VSTECS should incorporate specific targets (e.g., net-zero by a set year), pursue verification, and align with global standards for greater transparency and accountability.
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