MATRIX CONCEPTS HOLDINGS BERHAD
Malaysia | 5236.KL | Main
Reference
Report Year: 2024
Source Files: MCHB_SR2024.Part1.md, MCHB_SR2024._Part2.md, MCHB.IAR.PART.1.FINAL.md, MCHB.IAR.PART.2.FINAL.md
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Semi-annual reporting 🟢
- ESG performance monitoring 🟢
Reporting
GRI, TCFD, SASB, IFRS S1, IFRS S2, Integrated Report 🟢
GHG Accounting
Matrix Concepts Holdings Berhad demonstrates a structured approach to GHG accounting with comprehensive reporting of Scope 1 (1,521.18 tCO₂e), Scope 2 (4,153.6 tCO₂e), and Scope 3 (1,270.46 tCO₂e) emissions for FY2024, adhering to the GHG Protocol. Strengths include limited third-party assurance for selected sustainability metrics and alignment with global frameworks like TCFD. The inclusion of employee commuting in Scope 3 is a progressive step. However, the absence of a defined base year and carbon intensity metrics limits comparability and target-setting clarity. Improvements are needed in establishing a baseline for tracking reductions and expanding verification scope to cover all emission categories. Enhanced disclosure on carbon intensity could further strengthen stakeholder trust and support Matrix’s Zero Carbon 2050 goal.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 1,521.18 tCO₂e 🟢 | Reported for FY2024 |
| Scope2 | 4,153.6 tCO₂e 🟢 | Reported for FY2024 |
| Scope3 | 1,270.46 tCO₂e 🟢 | Includes business travel and employee commuting |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Covers direct (Scope 1) and indirect (Scope 2 & 3) emissions across property development, construction, healthcare, education, and hospitality divisions
- Gwp basis: IPCC AR6
- Standard: GHG Protocol Corporate Accounting and Reporting Standard
- Data collection approach: Internally sourced and verified by business divisions
- Third party verification: Limited assurance for energy, water, and waste data 🟢
- Carbon intensity: Not reported ⚠️
Efforts
- 9.07% increase in renewable energy 🟢
- 348.01 tonnes recycled 🟢
- Solar panel adoption 🌞
- Aluminium formworks adopted 🌱
Social Highlights
- RM10.3M for CSR 🟢
- 99.8% patient satisfaction 🥗
- 35 employees trained 🟢
- 500+ beneficiaries aided 🥗
- Eco-enzyme program with 10 schools 🟢
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable effort by Matrix Concepts Holdings Berhad in delivering a detailed sustainability report for FY2024 🟢. The report excels in providing quantifiable actions such as a 9.07% increase in renewable energy usage and recycling 348.01 tonnes of waste, supported by limited third-party assurance for selected metrics. Measurable outcomes, like Scope 1-3 emissions data and high customer satisfaction (99.8% in healthcare), add credibility. Additionally, the commitment to Zero Carbon by 2050 reflects forward-looking intent. However, gaps exist with generic statements around environmental stewardship lacking deeper evidence of impact ⚠️. The absence of a base year for emissions and carbon intensity metrics hinders progress tracking. Matrix could benefit from full verification of GHG data and more specific targets for emission reductions. Overall, the report lays a solid foundation but needs sharper focus on measurable commitments and comprehensive assurance to elevate its impact.
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