IOI PROPERTIES GROUP BERHAD
Malaysia | 5249.KL | Main
Reference
Report Year: 2024
Source Files: IOIPG_IAR2024_Part_1.pdf, IOIPG_IAR2024_Part_2.pdf
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Established in Feb 2024 🟢
- Supported by SSC 🟢
Reporting
GRI, TCFD, SASB, IFRS S1, IFRS S2, Integrated Report 🟢
GHG Accounting
IOI Properties Group Berhad demonstrates a structured approach to GHG accounting, reporting Scope 1 (5,235 tCO₂e) and Scope 2 (106,936 tCO₂e) emissions for FY2024, with efforts to evaluate embodied carbon in Scope 3. The use of GHG Protocol standards and emission factors from IPCC and DEFRA ensures credibility, though the absence of third-party verification and carbon intensity metrics limits transparency. Strengths include initiatives like solar energy adoption, avoiding 4,221 tCO₂e emissions. However, a clear base year and comprehensive Scope 3 reporting are needed to enhance accountability. The company could improve by pursuing third-party verification and disclosing detailed reduction targets to align with global best practices.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 5,235 tCO₂e 🟢 | |
| Scope2 | 106,936 tCO₂e 🟢 | |
| Scope3 | Reported 🟢 | Scope 3 emissions under evaluation for embodied carbon. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Operational control across property development, investment, and hospitality segments
- Gwp basis: IPCC, DEFRA, US EPA
- Standard: GHG Protocol
- Third party verification: Not mentioned
- Carbon intensity: Not reported ⚠️
Efforts
- Avoided 4,221 tCO₂e 🟢
- Reuse of materials 🟢
- Solar panel adoption 🌞
- Low-carbon materials 🌱
Social Highlights
- RM1.18M community investment 🥗
- 2,751 beneficiaries 🥗
- 1,170 affordable homes 🥗
- Kids Nature Walks 🥗
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable effort by IOI Properties Group Berhad in producing a comprehensive integrated sustainability report for FY2024 🟢. The report excels in providing quantifiable metrics, such as Scope 1 and Scope 2 emissions (5,235 tCO₂e and 106,936 tCO₂e respectively) and solar energy contributions (5,569 MWh generated), demonstrating a commitment to transparency. The adoption of multiple frameworks like GRI, TCFD, and IFRS S1/S2 reflects alignment with global standards. Additionally, forward-looking commitments, such as the IOI Sustain Roadmap 2030 targeting net-zero aspirations, add strategic depth 🟢. However, gaps remain, including the lack of third-party verification for GHG data and limited disclosure on carbon intensity metrics ⚠️. Some sections also feature generic statements (e.g., 'committed to sustainability') without specific outcomes. The company could benefit from incorporating verified data and more detailed Scope 3 reporting to strengthen credibility. Overall, this report provides a solid foundation but has room for improvement in measurable outcomes and assurance.
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