UOA DEVELOPMENT BHD
Malaysia | 5200.KL | Main
Reference
Report Year: 2023
Source Files: UOADEV_-_Annual_Report_2023.md
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Reviews climate-risk strategies 🟢
- Sets performance targets 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
UOA Development BHD demonstrates initial efforts in GHG accounting by reporting Scope 1 and 2 emissions for 2023, aligning with TCFD recommendations. However, critical details such as base year, boundary, GWP basis, and data collection approach are missing, limiting transparency. The exclusion of Scope 3 emissions—with no plans for future disclosure—is a significant gap, as it overlooks indirect impacts. Additionally, the lack of third-party verification raises concerns about data reliability. To improve, UOA should establish a clear base year, define boundaries, adopt a recognized standard like GHG Protocol, and pursue verification. Including Scope 3 and carbon intensity metrics would further enhance accountability and align with industry best practices.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Reported 🟢 | Specific data not provided in the report. |
| Scope2 | Reported 🟢 | Specific data not provided in the report. |
| Scope3 | Not reported ⚠️ | Company has no plans to disclose Scope 3 emissions. |
| 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 verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Monitors emissions 🟢
- 382 kWp solar system 🌞
- Sustainable materials 🌱
- Water-saving technologies 💧
Social Highlights
- 100% local supplier spending 🟢
- Zero privacy complaints 🟢
- 54-77% anti-corruption training 🟢
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable foundation in UOA Development BHD’s 2023 sustainability report with alignment to GRI and TCFD frameworks 🟢. The report highlights quantifiable actions like 100% local supplier spending and a 382 kWp solar installation, showcasing measurable environmental and social efforts. However, gaps exist in GHG accounting, with missing details on Scope 3 emissions, base year, and verification ⚠️. Forward-looking commitments are vague, lacking specific targets for emission reductions or net-zero goals. Generic statements about 'sustainability commitment' are present but unsupported by robust data. To strengthen future reports, UOA should incorporate third-party verification, set clear climate targets, and expand Scope 3 disclosure. Enhancing measurable outcomes and forecasting would provide stakeholders with greater confidence in the company’s sustainability journey.
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