BENALEC HOLDINGS BERHAD
Malaysia | 5190.KL | Main
Reference
Report Year: 2023
Source Files: Benalec_-_Annual_Report_2023.pdf
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Reviewed performance 🟢
- Monitored initiatives 🟢
Reporting
Bursa Malaysia Guide, TCFD (planned), Integrated Report 🟢
GHG Accounting
Benalec Holdings Berhad's GHG accounting in the 2023 report is notably incomplete. No data on Scope 1, Scope 2, or Scope 3 emissions is provided, which is a significant gap in transparency. Additionally, critical details such as base year, boundary, GWP basis, and standards used for GHG accounting are absent. There is no third-party verification mentioned, further limiting the credibility of environmental claims. While the company reports energy and water consumption, these are not translated into emission metrics. To improve, Benalec should prioritize comprehensive GHG inventory reporting, adopt recognized standards like GHG Protocol, and seek external assurance for data reliability. This will strengthen stakeholder trust and align with best practices in sustainability reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | Scope 1 emissions data not provided in the report. |
| Scope2 | Not reported ⚠️ | Scope 2 emissions data not provided in the report. |
| Scope3 | Not reported ⚠️ | Scope 3 emissions data not provided in the report. |
| 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: No
- Carbon intensity: Not reported ⚠️
Efforts
- 18% diesel reduction 🟢
- Not reported ⚠️
- Solar panels planned 🌞
- Rainwater harvesting 🌱
Social Highlights
- 82% customer satisfaction 🟢
- 93 employees trained 🟢
- 1 beach cleaning event 🥗
- 8 training hours/employee 🟢
- Limited data available ⚠️ (Insufficient additional measurable social initiatives reported.)
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable initial steps are evident in Benalec Holdings Berhad’s 2023 sustainability report, with a clear structure and alignment to Bursa Malaysia’s Sustainability Reporting Guide 🟢. The report includes quantifiable metrics such as energy consumption (156.88 MW), water usage (23.408 megaliters), and social initiatives like training 93 employees on health and safety. However, significant gaps exist, particularly in GHG emissions reporting, where no data on Scope 1, 2, or 3 is provided ⚠️. Generic statements like 'commitment to sustainability' lack supporting evidence or measurable outcomes. Forward-looking commitments, such as TCFD-aligned climate disclosures and solar panel installation, are noted but not yet implemented. To enhance credibility, Benalec should incorporate comprehensive emission data, seek third-party verification, and provide more detailed outcomes for social and environmental initiatives. This will elevate the report from a foundational effort to a robust accountability tool.
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