HB GLOBAL LIMITED
Malaysia | 5187.KL | Main
Reference
Report Year: 2023
Source Files: HB_Global_-_Annual_Report_2023.pdf
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Focus on climate risks 🟢
Reporting
TCFD, Integrated Report 🟢
GHG Accounting
HB Global Limited demonstrates a foundational effort in GHG accounting by reporting Scope 1 (40.15 tCO₂e), Scope 2 (0.36 tCO₂e), and Scope 3 (6.66 tCO₂e) emissions for 2023. This transparency across all scopes is a positive step. However, critical details such as base year, boundary & inventory, GWP basis, and accounting standards are missing, limiting the robustness of the data. Additionally, there is no mention of third-party verification, which could enhance credibility. The company could improve by providing a clearer methodology, specifying a base year for tracking progress, and pursuing external validation of data. Addressing these gaps would strengthen stakeholder trust and align reporting with global best practices.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 40.15 tCO₂e 🟢 | |
| Scope2 | 0.36 tCO₂e 🟢 | |
| Scope3 | 6.66 tCO₂e 🟢 | |
| 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
- Optimized logistics 🟢
- Reduce, reuse, recycle 🟢
- Renewable energy push 🌞
- Box reuse initiative 🌱
Social Highlights
- Employee training 🥗
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable transparency in reporting GHG emissions across all scopes is a key strength of HB Global Limited’s 2023 sustainability report 🟢. The integration of TCFD recommendations and focus on climate-related risks demonstrate alignment with global frameworks. However, the report lacks depth in critical areas, such as detailed GHG accounting methodology, base year data, and third-party verification ⚠️. While efforts like logistics optimization and waste management are noted, measurable outcomes and forward-looking commitments (e.g., specific reduction targets) are limited. Generic statements about sustainability commitment could be substantiated with concrete metrics. The company is encouraged to enhance its reporting by incorporating verifiable data, setting clear targets, and providing more social impact metrics. This would elevate the report’s credibility and usefulness for stakeholders.
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