ECONPILE HOLDINGS BERHAD
Malaysia | 5253.KL | Main
Reference
Report Year: 2024
Source Files: EHB_Annual_Report_2024_(Part_1).md, EHB_Annual_Report_2024_(Part_2).md
Sustainability Committee
Sustainability Steering Committee (Members Unknown) 🟢
- Oversees SWC 🟢
- Regular Board Reporting 🟢
Reporting
UN SDGs, Bursa Malaysia Guide, Integrated Report 🟢
GHG Accounting
Econpile has initiated GHG emissions reporting for Scope 1 and Scope 2 in FY2024, marking a positive step towards environmental accountability. This aligns with their commitment to climate action under SDG 13. However, critical details such as specific emission figures, base year, GWP basis, and accounting standards are missing, limiting transparency. Scope 3 emissions are not reported, which is a significant gap given the construction industry's supply chain impact. Additionally, the lack of third-party verification raises concerns about data reliability. To improve, Econpile should provide detailed emission data, establish a base year, adopt recognized standards like GHG Protocol, and pursue external verification for credibility. These enhancements would strengthen their environmental strategy and stakeholder trust.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Reported 🟢 | Specific data not provided in the report. |
| Scope2 | Reported 🟢 | Specific data not provided in the report. |
| Scope3 | Not reported ⚠️ | Scope 3 emissions not included in FY2024 reporting. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Malaysia & Cambodia 🟢
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Data collection approach: Not specified ⚠️
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- 2% reduction target by 2027 🟢
- ≤25% concrete wastage 🟢
- ≤8% concrete wastage RC works 🟢
- ≤7% steel bar wastage RC works 🟢
Social Highlights
- 94.72% SHASSIC score 🟢
- 299 employees trained 🟢
- 1,196 training hours 🟢
- MYR 33,000 community investment 🥗
- 4 beneficiaries 🥗
Governance
- Salary disclosure: Can’t find ⚠️
Report Quality
Commendable Initial Steps in sustainability reporting by Econpile for FY2024 🟢. The report demonstrates a structured approach with the adoption of an ESG framework, alignment with UN SDGs, and initiation of Scope 1 and Scope 2 GHG emissions reporting. Quantifiable metrics, such as the SHASSIC score of 94.72% and waste reduction achievements, add credibility to their efforts. However, the report lacks depth in critical areas ⚠️, such as detailed GHG emission figures, third-party verification, and Scope 3 reporting. Forward-looking commitments, like the 2% reduction target by 2027, are noted, but more ambitious and specific goals are needed. Generic statements about 'sustainability commitment' lack supporting evidence. To enhance future reports, Econpile should incorporate verified data, expand GHG inventory to include Scope 3, and provide clearer forecasting for long-term sustainability targets. Overall, a solid foundation but with room for improvement.
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