SHIN YANG GROUP BERHAD
Malaysia | 5173.KL | Main
Reference
Report Year: 2024
Source Files: SYGROUP_-_Annual_Report_2024.md
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Board oversight 🟢
Reporting
Bursa Malaysia Guidelines, UNSDGs, MCCG, Integrated Report 🟢
GHG Accounting
Shin Yang Group Berhad's GHG accounting in 2024 shows significant gaps in reporting. No quantifiable data for Scope 1, 2, or 3 emissions is provided, nor are base year, boundary, or standards (e.g., GHG Protocol) specified. While internal data collection is mentioned as a strength, lack of third-party verification limits credibility. The report highlights initiatives like low sulphur fuel usage, but without specific emission figures, progress is unclear. Improvements are needed in adopting a recognized GHG accounting framework, setting a base year, and reporting absolute emission values. External assurance would enhance transparency and stakeholder trust in their environmental commitments.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No specific data for Scope 1 emissions provided. |
| Scope2 | Not reported ⚠️ | No specific data for Scope 2 emissions provided. |
| Scope3 | Not reported ⚠️ | No specific data for Scope 3 emissions provided. |
| 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: Internal data collection 🟢
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Low sulphur fuel oil 🟢
- 4Rs Practice 🟢
- Ballast Water Management 🌊
Social Highlights
- 41 students sponsored 🟢
- RM 222,619.36 on training 🟢
- Zero fatality 🟢
- 81.4% local purchases 🟢
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable intent is evident in Shin Yang Group Berhad's 2024 Sustainability Report, with a clear focus on integrating ESG factors into operations 🟢. The report aligns with Bursa Malaysia Guidelines and UNSDGs, and highlights social initiatives like sponsoring 41 students and spending over RM 220,000 on training. However, quantifiable environmental data is lacking ⚠️, particularly for GHG emissions, with no specific metrics for Scopes 1, 2, or 3, nor third-party verification. While forward-looking commitments to sustainability are noted, they remain generic without measurable targets or timelines. The Group could strengthen its reporting by providing absolute emission figures, adopting a recognized GHG framework, and setting clear, time-bound goals (e.g., net-zero by a specific year). Incorporating external assurance would further enhance credibility and transparency for stakeholders.
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