SEREMBAN ENGINEERING BERHAD
Malaysia | 5163.KL | Main
Reference
Report Year: 2024
Source Files: Seremban_Engineering_Berhad_-_Annual_Report_2024.md
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Board & CEO oversight 🟢
Reporting
TCFD, Integrated Report 🟢
GHG Accounting
SEREMBAN ENGINEERING BERHAD has initiated efforts to align its climate change disclosures with TCFD recommendations, marking a positive step in sustainability reporting 🟢. The company reports Scope 1 and Scope 2 emissions and limited Scope 3 emissions (business travel and employee commuting). However, critical details such as base year, boundary, GWP basis, and third-party verification are missing ⚠️, limiting the robustness of GHG accounting. There are no specific targets for emission reductions, though energy efficiency is emphasized. To strengthen its approach, SEB should establish clear targets, provide detailed methodologies, and consider third-party verification to enhance credibility. Addressing these gaps will improve transparency and align with best practices in climate-related financial disclosures.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Reported 🟢 | Specific data not provided in the report. |
| Scope2 | Reported 🟢 | Specific data not provided in the report. |
| Scope3 | Limited (business travel & commuting) ⚠️ | Scope 3 limited to business travel and employee commuting. |
| 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 mentioned ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Energy efficiency focus 🟢
- Ventilation systems 🌞
- Supplier diversification 🌱
Social Highlights
- Directors trained on ESG 🟢
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable initial steps by SEREMBAN ENGINEERING BERHAD in aligning with TCFD recommendations 🟢. The 2024 integrated sustainability report provides a foundation for climate change disclosure, identifying risks and opportunities across the value chain. However, the report lacks quantifiable metrics and specific outcomes for GHG emissions, with limited Scope 3 data and no mention of third-party verification ⚠️. While there is an emphasis on energy efficiency, forward-looking commitments or clear targets are absent, reducing the report's impact. Generic statements about climate resilience are present but lack supporting evidence. To improve, SEB could incorporate measurable targets, detailed GHG accounting methodologies, and verified data. Enhancing transparency in governance disclosures, such as executive compensation, would also strengthen credibility. Overall, the report is a starting point but requires deeper substance to meet stakeholder expectations.
Tags:
Looking for ESG Strategy & Improvement?
Disclaimer:
This is AI model generated summary based on certain rules set by Sustify.world perspective. If the reader finds the information is incorrect, they can always approach us by sending email admin@sustify.world.
Need Expert help?
Contact us TODAY for sustainability strategy, reporting, and outsourcing services.