TURBO-MECH BERHAD
Malaysia | 5167.KL | Main
Reference
Report Year: 2023
Source Files: TURBO_-_Annual_Report_2023.md
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Recommends initiatives 🟢
- Identifies material issues 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
Turbo-Mech Berhad demonstrates a commendable effort in tracking GHG emissions across Scope 1 (18.92 tCO₂e), Scope 2 (49.29 tCO₂e), and Scope 3 (129.41 tCO₂e) for FY2023, aligning with TCFD recommendations. Strengths include comprehensive reporting of all scopes and a 13% reduction in Scope 2 emissions from the previous year. However, the lack of third-party verification undermines data credibility. Additionally, the absence of a clear base year limits the ability to assess long-term progress. To enhance reporting, Turbo-Mech should prioritize independent verification and establish a baseline for emissions tracking to support future reduction targets.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 18.92 tCO₂e 🟢 | |
| Scope2 | 49.29 tCO₂e 🟢 | |
| Scope3 | 129.41 tCO₂e 🟢 | Includes employee commuting and business travel |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Operations in Malaysia and Singapore (Turbo-Mech Malaysia Berhad and Turbo-Mech Asia Ltd.)
- Gwp basis: UK Government GHG Conversion Factors 2023 (Scope 1), Energy Market Authority Singapore 2021 (Scope 2)
- Standard: GHG Protocol
- Data collection approach: Internal data collection and validation by key business divisions
- Third party verification: Not verified ⚠️
- Carbon intensity: 76 & 196 kgCO₂e/parts serviced, not verified ⚠️
Efforts
- 13% Scope 2 reduction 🟢
- Solar panels by 2030 🌞
- LED lighting adopted 🌱
- Digital ERP for paper reduction 🟢
Social Highlights
- 33% women on Board 🟢
- 28 hours safety training 🟢
- RM10,000 community donation 🥗
- Internship program 🥗
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable initiative by Turbo-Mech Berhad in presenting a detailed sustainability report for FY2023 🟢. The report showcases strengths in quantifiable actions, such as a 13% reduction in Scope 2 emissions and specific social impacts like RM10,000 in community donations. The adoption of frameworks like GRI and TCFD adds structure to their disclosures. Additionally, forward-looking commitments, such as installing solar panels by 2030, reflect ambition 🟢. However, gaps exist, including the lack of third-party verification for GHG data and limited depth in governance disclosures, such as undisclosed executive salaries ⚠️. Some statements, like 'commitment to sustainability,' remain generic without supporting metrics. To improve, Turbo-Mech should incorporate independent audits for credibility and expand measurable outcomes in social and governance areas. Overall, the report provides a solid foundation but could benefit from enhanced specificity and validation.
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