KAREX BERHAD
Malaysia | 5247.KL | Main
Reference
Report Year: 2024
Source Files: Karex_Berhad-Annual_Report_2024.md
Sustainability Committee
Sustainability Working Committee (Members Unknown) 🟢
- Materiality Assessments 🟢
- Endorsed Matrix 🟢
Reporting
TCFD, IFRS S2, Integrated Report 🟢
GHG Accounting
KAREX BERHAD demonstrates a commendable start in GHG accounting with data for Scope 1, 2, and partial Scope 3 emissions (business travel and commuting) for 2024, using a 2021 baseline. The company achieved a reduction of 206 tCO₂e in combined Scope 1 and 2 emissions, reflecting efforts to lower production output impact. Reporting adheres to the GHG Protocol and IPCC AR5 guidelines, ensuring standardized calculations. However, Scope 1 and 2 data are not separately quantified, limiting transparency. Scope 3 coverage is narrow, missing supply chain impacts. No third-party verification is mentioned, which could enhance credibility. Future improvements should include detailed Scope breakdowns, broader Scope 3 inventory, and external assurance to strengthen reporting robustness.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not quantified separately ⚠️ | Included in combined Scope 1 & 2 data |
| Scope2 | Not quantified separately ⚠️ | Included in combined Scope 1 & 2 data |
| Scope3 | 3,339 tCO₂e 🟢 | Covers business travel and employee commuting |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: 2021
- Boundary inventory: Scope 1 (LPG combustion, diesel, gasoline for vehicles), Scope 2 (purchased electricity), Scope 3 (business travel, employee commuting)
- Gwp basis: IPCC AR5 (Fifth Assessment Report)
- Standard: GHG Protocol Reporting Standards
- Data collection approach: Local emission factors (Malaysia and Thailand grid factors), IPCC 2006 Guidelines
- Third party verification: Not mentioned
- Carbon intensity: Not reported ⚠️
Efforts
- 206 tCO₂e reduction 🟢
- 255 MT recycled 🟢
- Solar panels adopted 🌞
- 1,604 MT recycled packaging 🌱
Social Highlights
- RM456k & 500k condoms donated 🥗
- 5,000+ benefited 🥗
- 130 student interns 🥗
- RM1.5M raised 🥗
- 594 employees trained 🥗
Governance
- Salary disclosure: Can’t find ⚠️
Report Quality
Commendable foundation in KAREX BERHAD’s 2024 sustainability report with a focus on measurable outcomes 🟢. The report provides quantifiable data, such as a 206 tCO₂e reduction in Scope 1 & 2 emissions and social impacts like RM456,000 in donations benefiting over 5,000 individuals. The adoption of frameworks like TCFD and alignment with IFRS S2 shows a structured approach. Forward-looking commitments, including a 10% GHG reduction by 2035, are promising. However, gaps remain ⚠️, such as the lack of separate Scope 1 and 2 data and limited Scope 3 coverage. Generic statements on sustainability commitment occasionally lack supporting evidence. Improvements could include third-party verification for GHG data and deeper detail on governance disclosures like executive salaries. Overall, the report is a solid base but would benefit from enhanced transparency and specificity.
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