BANK ISLAM MALAYSIA BERHAD
Malaysia | 5258.KL | Main
Reference
Report Year: 2024
Source Files: Bank_Islam_IAR_2024_Bursa_1.md, Bank_Islam_IAR_2024_Bursa_2.md, Bank_Islam_IAR_2024_Bursa_3.md
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- 5 BSSC meetings 🟢
- 4 MSC meetings 🟢
- 7 CRC meetings 🟢
Reporting
GRI, TCFD, SASB, IFRS S1, IFRS S2, Integrated Report 🟢
GHG Accounting
Bank Islam Malaysia Berhad demonstrates a structured approach to GHG accounting with reported emissions for Scope 1 (8.72 tCO₂e), Scope 2 (11,488 tCO₂e), and Scope 3 (4,288.8 tCO₂e) in 2024. A key strength is the comprehensive coverage of operational emissions and partial Scope 3 data, supported by adherence to the GHG Protocol. However, the lack of third-party verification and undisclosed carbon intensity metrics are notable gaps. Improvements are needed in verifying data externally to enhance credibility and reporting carbon intensity to provide a clearer picture of efficiency. The bank aims for carbon neutrality in operations by 2030 and net-zero by 2050, which shows forward-looking commitment but requires more detailed interim targets and data transparency to ensure accountability.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 8.72 tCO₂e 🟢 | |
| Scope2 | 11,488 tCO₂e 🟢 | |
| Scope3 | 4,288.8 tCO₂e (Business Travel & Commuting) 🟢 | |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Operational conduct for Scope 1 & 2; Business Travel and Employee Commuting for Scope 3
- Gwp basis: Not specified
- Standard: GHG Protocol
- Data collection approach: Internal tracking with external data sources for emission factors
- Third party verification: Not verified
- Carbon intensity: Not available ⚠️
Efforts
- Energy reduction: 2.84M MJ 🟢
- Waste tracking initiated 🟢
- Solar panels at branches 🌞
- LED retrofitting 🌱
Social Highlights
- 5,250 employees trained 🟢
- RM19.4M community investment 🥗
- 1,434 beneficiaries 🥗
- 86 Green Finance Advisors 🟢
- 1,433 social finance beneficiaries 🥗
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can't find ⚠️
Report Quality
Commendable effort in sustainability reporting by Bank Islam Malaysia Berhad 🟢. The 2024 integrated report provides a solid foundation with detailed metrics on GHG emissions, social impact (e.g., RM19.4M in community investments), and governance practices. The inclusion of quantifiable actions like energy reduction (2.84M MJ) and forward-looking commitments such as carbon neutrality by 2030 and net-zero by 2050 is notable. However, the report lacks third-party verification for emission data, reducing credibility ⚠️. Additionally, while social initiatives are well-documented, some areas like carbon intensity remain unreported, and generic statements on 'sustainability commitment' lack specific measurable outcomes. To improve, the bank should incorporate external assurance for data accuracy, provide interim targets for net-zero goals, and avoid vague narratives by focusing on evidence-based results. Overall, a promising report that can be elevated with enhanced transparency and accountability.
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