MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BERHAD
Malaysia | 5186.KL | Main
Reference
Report Year: 2024
Source Files: MHB_Integrated_Annual_Report_2024_-_Part_1.pdf, MHB_Integrated_Annual_Report_2024_-_Part_2.pdf
Sustainability Committee
Net-Zero Committee (Members Unknown) 🟢
- Advisory on Net-Zero 🟢
- Decarbonisation Evaluation 🟢
- GHG Roadmap Oversight 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
MHB demonstrates a structured approach to GHG accounting with detailed reporting of Scope 1 (9,750 tCO₂e) and Scope 2 (32,290 tCO₂e) emissions for 2024, alongside partial Scope 3 data (4,520.86 tCO₂e) covering employee commuting and business travel. A commendable 8.5% reduction in carbon intensity from the 2016 baseline reflects progress toward their 2030 target of 20% reduction. However, the absence of third-party verification and incomplete Scope 3 reporting are notable gaps. The lack of a specified GWP basis also limits transparency. To strengthen credibility, MHB should pursue external verification, expand Scope 3 inventory to include supply chain emissions, and clarify methodological standards.
Emissions
| Scope | Value | Note |
|---|
Other Details
- Base year: 2016
- Boundary inventory: Operational control for Scope 1 and 2; partial Scope 3 (employee commuting and business travel)
- Gwp basis: Not specified
- Standard: Not explicitly mentioned (likely GHG Protocol inferred from data structure)
- Data collection approach: Direct measurement for electricity and fuel consumption; employee surveys for commuting and travel
- Third party verification: Not verified
- Carbon intensity: 8.5% reduction in intensity 🟢
Efforts
- 8.5% Intensity Reduction 🟢
- Waste Reduced by ~2,284 MT 🟢
- LED Lighting Adoption 🌞
- Equipment Electrification 🌱
Social Highlights
- RM134,173 Community Investment 🟢
- 42,670 Volunteer Hours 🥗
- 502 Beneficiaries 🥗
- 34 Community Initiatives 🟢
- Health & Wellness Programs 🥗
Governance
- Salary disclosure: Can’t find ⚠️
Report Quality
Commendable Foundation in MHB’s 2024 Integrated Annual Report with a strong focus on sustainability 🟢. The report excels in providing quantifiable metrics, such as an 8.5% reduction in carbon intensity and detailed GHG emissions data for Scopes 1, 2, and partial Scope 3. Measurable social outcomes, like RM134,173 invested in community programs benefiting 502 individuals, add depth to the narrative. Forward-looking commitments, including a net-zero target by 2050 and a 20% emissions reduction by 2030, demonstrate ambition 🟢. However, the report falls short with lack of third-party verification for GHG data and incomplete Scope 3 reporting, limiting credibility ⚠️. Some statements on sustainability remain generic, lacking specific evidence of impact. To enhance future reports, MHB should incorporate external assurance, expand Scope 3 data collection, and provide more granular details on governance disclosures like salary transparency. Overall, a solid effort with room for improvement.
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