GLOBALTEC FORMATION BERHAD
Malaysia | 5220.KL | Main
Reference
Report Year: 2024
Source Files: GFB_AR-2024.md
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Strategic management support 🟢
- Progress monitoring 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
GLOBALTEC FORMATION BERHAD's 2024 sustainability report lacks detailed GHG accounting data. There is no specific reporting on Scope 1, 2, or 3 emissions, base year, or inventory boundaries, which limits transparency. Additionally, critical elements like GWP basis, standards (e.g., GHG Protocol), data collection methods, and third-party verification are absent. While climate change is identified as a material matter, quantifiable metrics are missing, hindering assessment of their environmental impact. A key improvement area is to establish a robust GHG inventory with absolute emission figures and pursue third-party verification for credibility. This would strengthen their commitment to sustainability and align with stakeholder expectations for detailed environmental reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No specific data on Scope 1 emissions provided. |
| Scope2 | Not reported ⚠️ | No specific data on Scope 2 emissions provided. |
| Scope3 | Not reported ⚠️ | No specific data on Scope 3 emissions provided. |
| 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 ⚠️
- Third party verification: Not mentioned ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- No data available ⚠️
- Waste management prioritized 🟢
- No data available ⚠️
- No data available ⚠️
Social Highlights
- Employee welfare prioritized 🟢
- Community programs supported 🥗
- Limited data available ⚠️ (Insufficient quantifiable social impact metrics.)
- Limited data available ⚠️ (Insufficient quantifiable social impact metrics.)
- Limited data available ⚠️ (Insufficient quantifiable social impact metrics.)
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable framework in GLOBALTEC FORMATION BERHAD's 2024 sustainability report, with a clear governance structure and alignment to GRI standards 🟢. The identification of 13 material matters, including climate change and waste management, shows a structured approach to ESG issues. However, the report falls short on quantifiable actions and measurable outcomes ⚠️. Key areas like GHG emissions lack specific data, and social initiatives are described broadly without impact numbers. Forward-looking commitments, such as net-zero targets, are also absent. While the stakeholder engagement process is detailed, much of the content remains generic, lacking evidence of tangible progress. To enhance credibility, the company should incorporate third-party verification, provide absolute emission figures, and set clear, time-bound sustainability targets. This would elevate the report's usefulness for stakeholders.
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