IVORY PROPERTIES GROUP BERHAD
Malaysia | 5175.KL | Main
Reference
Report Year: 2024
Source Files: IPGB_-_Annual_Report_2024.pdf
Sustainability Committee
Sustainability Steering Committee (SSC) 🟢
- Formulate policies 🟢
- Drive initiatives 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
Ivory Properties Group Berhad's GHG accounting in the 2024 report is notably limited. No data is provided on Scope 1, Scope 2, or Scope 3 emissions, and critical details such as base year, boundary, GWP basis, and standards are absent. There is also no mention of third-party verification, which raises concerns about data reliability. While the company expresses a commitment to reducing its environmental footprint through initiatives like green infrastructure, the lack of quantifiable emission metrics hinders a comprehensive assessment of their impact. To improve, Ivory should prioritize detailed GHG reporting, establish a clear baseline, adopt recognized standards like the GHG Protocol, and consider third-party verification to enhance credibility and transparency in future reports.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data on Scope 1 emissions provided. |
| Scope2 | Not reported ⚠️ | No data on Scope 2 emissions provided. |
| Scope3 | Not reported ⚠️ | No data on 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: Not specified ⚠️
- Third party verification: Not mentioned ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Green infrastructure 🌱
- Paper reduction 🟢
- Paper recycling ♻️
- Energy efficiency ⚡
Social Highlights
- Employee inclusivity 🥗
- Community engagement 🟢
- Charity donations 🥗
- Limited data available ⚠️ (Insufficient quantifiable social impact data.)
- Limited data available ⚠️ (Insufficient quantifiable social impact data.)
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable intent is evident in Ivory Properties Group Berhad’s 2024 sustainability report, with a clear focus on integrating sustainability into operations 🟢. The establishment of a Sustainability Steering Committee and adherence to the GRI framework are positive steps. However, the report falls short on quantifiable actions and measurable outcomes ⚠️. Key areas like GHG emissions lack specific data, and social initiatives are described generically without impactful metrics. While there are forward-looking commitments such as exploring green infrastructure, the absence of concrete targets (e.g., net-zero goals) limits the report’s depth. To strengthen future reports, Ivory should prioritize detailed metrics, incorporate third-party verification for credibility, and outline specific, time-bound sustainability targets. This would transform the report from a statement of intent to a robust tool for accountability and progress tracking.
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