BUMI ARMADA BERHAD
Malaysia | 5210.KL | Main
Reference
Report Year: 2023
Source Files: Bumi_Armada_AR2023.pdf
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Oversee sustainability integration 🟢
- Performance monitoring 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
Bumi Armada has made notable strides in aligning its GHG reporting with the GHG Protocol, providing detailed Scope 1 (1.85k tCO₂e), Scope 2 (0.4k tCO₂e), and Scope 3 (982.31k tCO₂e) emissions for 2023. A key strength is the comprehensive Scope 3 reporting for FPSO/FSU assets, recalibrated under operational control boundaries. However, the lack of third-party verification undermines credibility, and carbon intensity (128.7 tCO₂e per '000 tonnes production) exceeds the IOGP baseline, signaling a need for stronger reduction efforts. Improvements could include external assurance and clearer base year data to track progress toward Net Zero by 2050. Collaboration with clients on Scope 3 reductions is a positive step but requires quantifiable outcomes.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 1.85k tCO₂e 🟢 | |
| Scope2 | 0.4k tCO₂e 🟢 | |
| Scope3 | 982.31k tCO₂e 🟢 | Includes FPSO/FSU emissions, business travel, and commuting |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Operational control approach for FPSO/FSU (Scope 3), owned assets (Scope 1), leased offices (Scope 2)
- Gwp basis: Not specified
- Standard: GHG Protocol
- Data collection approach: Operational control, recalibrated to industrial standards
- Third party verification: Not verified ⚠️
- Carbon intensity: 128.7 tCO₂e/'000 tonnes production ⚠️
Efforts
- GHG Protocol alignment 🟢
- Net Zero by 2050 🟢
- 12% fuel reduction 🟢
- Emission.AI pilot 🌞
- Carbon sequestration JV 🌱
Social Highlights
- 145,500 saplings planted 🟢
- 50,000 meals packed 🟢
- 250 mangroves planted 🟢
- 40% training increase 🟢
- Water purifiers installed 🟢
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Litigation on Armada Kraken shutdown and Grayfer Project sanctions 🔴
Report Quality
Commendable effort by Bumi Armada in producing a detailed sustainability report for 2023 🟢. The report excels in providing quantifiable metrics such as Scope 1, 2, and 3 emissions, carbon intensity data, and specific social impact numbers (e.g., 145,500 saplings planted). The alignment with the GHG Protocol and commitment to Net Zero by 2050 demonstrate forward-looking intent. However, the lack of third-party verification for GHG data is a notable gap ⚠️, reducing reliability. While social initiatives are well-documented, some environmental claims remain generic (e.g., 'committed to reducing emissions') without measurable outcomes. The report could benefit from external assurance, clearer baseline data for tracking reductions, and more specific targets for Scope 3 collaboration with clients. Overall, it provides a solid foundation but needs enhanced rigor to match industry best practices.
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