CYPARK RESOURCES BERHAD
Malaysia | 5184.KL | Main
Reference
Report Year: 2024
Source Files: CRB_-_Sustainability_Report_2024.md, CRB_-_Annual_Report_2024.md
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Board reporting 🟢
- Committee oversight 🟢
Reporting
GRI, Separate Report 🟢
GHG Accounting
Cypark Resources Berhad demonstrates a strong start in GHG accounting with detailed reporting of Scope 1 (98.95% of total emissions) and Scope 2 emissions for FY2024, totaling 511,015.33 tCO₂e, using the GHG Protocol standard and operational control approach. However, Scope 3 reporting is limited to business travel and commuting, missing broader value chain impacts. No third-party verification is mentioned, which reduces credibility. Additionally, the absence of a base year and carbon intensity metrics hinders trend analysis and performance benchmarking. Improvements could include expanding Scope 3 coverage, establishing a base year, and seeking external verification to enhance transparency and accountability in their emissions data.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 505,648.33 tCO₂e 🟢 | 98.95% of total emissions, primarily from landfills |
| Scope2 | 5,110.15 tCO₂e 🟢 | 1.00% of total emissions from purchased electricity |
| Scope3 | 256.85 tCO₂e ⚠️ | Limited to Categories 6 and 7 (business travel and commuting); incomplete value chain coverage |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
Efforts
- Phase out diesel/gas by 2025 🟢
- 100% renewable by 2030 🟢
- WTE Plant launched 🌱
- Solar projects 🌞
- WTE compliance 🟢
Social Highlights
- ISO training for employees 🥗
- Employee townhall 🟢
- Community Qurban event 🥗
- WTE education for students 🟢
- Limited data available ⚠️ (Insufficient quantifiable social impact data)
Governance
- Salary disclosure: Can't find ⚠️
Report Quality
Commendable initiative by Cypark Resources Berhad in their 2024 Sustainability Report 🟢. The report showcases a strong commitment to environmental sustainability through detailed GHG emissions data for Scope 1 and 2, clear targets like phasing out diesel by 2025, and initiatives such as the Waste-to-Energy plant and solar projects. The use of the GRI framework and a separate report format adds structure to their disclosures. However, key gaps exist ⚠️, including limited Scope 3 coverage, no third-party verification, and absence of a base year for emissions tracking. Social and governance disclosures lack depth, with minimal quantifiable outcomes for community impact and no mention of executive salary transparency. Forward-looking commitments like net-zero by 2040 are promising but need more actionable milestones. Cypark could enhance credibility by incorporating external audits, expanding Scope 3 reporting, and providing measurable social impact metrics.
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