WESTPORTS HOLDINGS BERHAD
Malaysia | 5246.KL | Main
Reference
Report Year: 2024
Source Files: WHB_-_Sustainability_Report_2024.md, WHB_-_Annual_Report_2024.md
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- 4 meetings 🟢
Reporting
GRI, TCFD, IFRS S1, IFRS S2, Separate Report 🟢
GHG Accounting
Comprehensive GHG Reporting by Westports includes Scope 1 (134,181 tCO₂e), Scope 2 (43,460 tCO₂e), and Scope 3 (95,467 tCO₂e) for 2024, with third-party verification by BSI Malaysia ensuring credibility 🟢. The boundary covers all company activities, though GWP basis and data collection approach are unspecified. Targets are set for carbon intensity reduction (14.4 kg CO₂e/TEU by 2030, 12.8 kg by 2035) using 2021 as the base year. A key strength is the integration of climate goals with operational strategy. However, detailed methodologies for data collection and standards are lacking ⚠️. Westports should enhance transparency by specifying GHG accounting standards and GWP basis to align fully with global best practices.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 134,181 tCO₂e 🟢 | |
| Scope2 | 43,460 tCO₂e 🟢 | |
| Scope3 | 95,467 tCO₂e 🟢 | |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: 2021
- Boundary inventory: All activities of Westports Holdings Berhad
- Gwp basis: Not specified
- Standard: Not specified
- Data collection approach: Not specified
- Third party verification: Verified by BSI Malaysia 🟢
- Carbon intensity: Target 14.4 kg CO₂e/TEU by 2030 🟢
Efforts
- 30% intensity reduction target 🟢
- Waste management systems 🟢
- Solar panel expansion 🌞
- Electric truck trials 🌱
Social Highlights
- RM1.0M for community 🥗
- Diversity initiatives 🥗
- Safety system rollout 🟢
- 3,250 mangrove trees 🌱
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable Effort with Room for Improvement 🟢. Westports Holdings Berhad’s 2024 Sustainability Report offers a solid foundation with detailed disclosures on GHG emissions, including Scope 1, 2, and 3 data, verified by BSI Malaysia. The report highlights quantifiable actions like a 30% energy intensity reduction target by 2035 and social initiatives such as RM1.0 million for community development. Forward-looking commitments, like net-zero by 2050, demonstrate ambition. However, gaps remain ⚠️, such as unspecified GHG accounting standards and GWP basis, limiting transparency. Some sections rely on generic statements (e.g., 'committed to sustainability') without measurable outcomes. Westports could enhance the report by detailing data collection methodologies, incorporating more specific social impact metrics, and ensuring all claims are backed by evidence to avoid perceptions of greenwashing. Overall, a robust start that can be elevated with deeper specificity.
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