CAPITALAND MALAYSIA TRUST
Malaysia | 5180.KL | Main
Reference
Report Year: 2024
Source Files: CLMT_AR2024_(Part_1).md, CLMT_AR2024_(Part_2).md, CLMT_AR2024_(Part_3).md
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Quarterly Board updates 🟢
- Annual green capex meeting 🟢
Reporting
GRI, TCFD, SASB, IFRS S1, IFRS S2, Integrated Report 🟢
GHG Accounting
CAPITALAND MALAYSIA TRUST demonstrates a structured approach to GHG accounting, with SBTi-validated targets for Scope 1 and 2 emissions aligned to a 1.5°C scenario, aiming for a 46% reduction by 2030 from a 2019 baseline and Net Zero by 2050. Strengths include a clear commitment to decarbonization through energy efficiency and renewable energy integration. However, individual Scope 1 and 2 data are not separately disclosed, limiting transparency, and Scope 3 emissions are still under review with no specific data reported. Additionally, third-party verification and GWP basis details are missing. Improvement is needed in providing granular emission figures, verifying data externally, and accelerating Scope 3 reporting to enhance accountability and stakeholder trust.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Scope 1: Not specified individually ⚠️ | Only combined reductions reported ⚠️ |
| Scope2 | Scope 2: Not specified individually ⚠️ | Only combined reductions reported ⚠️ |
| Scope3 | Scope 3: Under review ⚠️ | Comprehensive review ongoing, no data reported ⚠️ |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: 2019
- Boundary inventory: Operational control for Scope 1 and 2; Scope 3 under review
- Gwp basis: Not specified
- Standard: Science Based Targets initiative (SBTi), aligned with 1.5°C scenario
- Data collection approach: Not specified
- Third party verification: Not specified
- Carbon intensity: 11.02% reduction per m² 🟢
Efforts
- 11.02% reduction per m² 🟢
- Waste management focus 🟢
- Solar PVs on rooftops 🌞
- Green leases with 20% tenants 🌱
Social Highlights
- 40+ training hours per staff 🟢
- RM200,000 for 2,600 children 🥗
- 1,403 volunteer hours by 186 staff 🥗
- 82% engagement score 🟢
- Zero fatalities 🟢
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable framework adoption by CAPITALAND MALAYSIA TRUST in their 2024 sustainability report, with alignment to multiple standards like GRI, TCFD, SASB, and IFRS S1/S2 🟢. The report showcases quantifiable achievements, such as an 11.02% reduction in carbon emissions intensity and social impact metrics like supporting 2,600 underserved children. Forward-looking commitments, including Net Zero by 2050 and a 46% emissions reduction by 2030, are well-articulated 🟢. However, the report lacks granularity in GHG data, with Scope 1 and 2 not individually reported, and Scope 3 data still under review ⚠️. Generic statements on sustainability commitment occasionally overshadow measurable outcomes. To enhance credibility, the company should incorporate third-party verification for emissions data and provide detailed Scope-specific figures. Overall, the report provides a solid foundation but could benefit from greater transparency and specificity in key areas.
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