REACH ENERGY BERHAD
Malaysia | 5256.KL | Main
Reference
Report Year: 2023
Source Files: Reach_Energy_AR2023_(Bursa)_Part_1.pdf
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
TCFD, Integrated Report 🟢
GHG Accounting
Reach Energy Berhad demonstrates a basic commitment to GHG accounting by reporting Scope 1 (24 tCO₂e) and Scope 2 (7,623.6 tCO₂e) emissions for 2023. However, significant gaps exist, including the absence of Scope 3 data, base year, boundary details, and third-party verification. While internal assurance is noted, external validation is still under consideration. The lack of a specified GHG standard and GWP basis limits transparency. A key strength is the integration of climate-related risks into risk management processes. To improve, the company should prioritize Scope 3 reporting, establish a clear base year, adopt a recognized standard like GHG Protocol, and pursue external verification for credibility.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 24 tCO₂e 🟢 | |
| Scope2 | 7,623.6 tCO₂e 🟢 | |
| Scope3 | Not reported ⚠️ | Scope 3 emissions data not provided. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Not specified ⚠️
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Data collection approach: Not specified ⚠️
- Third party verification: Internally assured →
- Carbon intensity: Not reported ⚠️
Efforts
- Limited data ⚠️
- 1,426 tonnes waste generated →
- Not reported ⚠️
- Not reported ⚠️
Social Highlights
- 98.9% local spending 🟢
- 5,169 m³ water used →
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
Report Quality
Commendable initial steps are evident in Reach Energy Berhad’s 2023 sustainability report with the inclusion of quantifiable metrics such as Scope 1 and Scope 2 emissions and water usage 🟢. The alignment with TCFD recommendations for climate-related disclosures is a positive move. However, the report falls short in depth, with limited measurable outcomes and an absence of forward-looking commitments or targets like net-zero goals ⚠️. Generic statements about sustainability integration lack supporting evidence or specific action plans. To enhance future reports, the company should focus on third-party verification, detailed Scope 3 emissions, and clear sustainability targets with timelines. Incorporating more social and governance metrics would also provide a holistic view. Overall, the report provides a foundation but could benefit from greater specificity and transparency.
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