E.A.TECHNIQUE (M) BERHAD

Malaysia | 5259.KL | Main

By Sustify.world AI model | 2025-05-24

Avangaad Berhad owns and operates marine vessels for the transportation and offshore storage of oil and gas in Malaysia. The company offers offshore storage of oil and gas product tankers that are built to transport refined petroleum products to end-users or other refineries for further processing; floating storage unit/ Offloading (FSU/FSO), a support services for production platforms, including the operation of offshore oil and gas storage facilities; and operates offshore supply vessels and fast crew boats that are designed to transport personnel or light cargo between offshore facilities. It also provides various port marine services, including towage services comprising towage or positioning support for vessels lacking in maneuverability; mooring services that secures a marine vessel to specially constructed fixture, such as handling mooring lines; dockside mooring services that secure vessels to floating structures and fixtures at the wharf; escort assistance; environmental monitoring; and support for ship-to-ship transfer services. In addition, the company is involved in shipbuilding and repair services, including hull construction, machinery installation, equipment integration, painting and thorough testing, as well as inspection, modification, and maintenance solutions. Further, it engages in the provision of engineering, procurement, construction, installation and commissioning of floating storage and offloading vessels, as well as marine consultancy and cargo broking services. The company was formerly known as E.A. Technique (M) Berhad and changed its name to Avangaad Berhad in February in 2025. The company was incorporated in 1993 and is headquartered in Kuala Lumpur, Malaysia. Avangaad Berhad is a subsidiary of Voultier Sdn Bhd.

Reference

Report Year: 2023
Source Files: Annual_Report_2023_-_E.A._Technique_(M)_Berhad_(Part_2).pdf

Sustainability Committee

Sustainability Committee (Members Unknown) 🟢

2+ meetings 🟢

Reporting

Bursa Malaysia SRG, Integrated Report 🟢

GHG Accounting

E.A. Technique's GHG accounting efforts are at an early stage. The company has committed to establishing a baseline year for GHG emissions by FY2025 and plans to monitor and disclose Scope 1 and Scope 2 emissions annually. However, no actual emission data for Scope 1, 2, or 3 is currently reported, and key details such as boundary, GWP basis, and standards are missing. Third-party verification is not mentioned, which limits the credibility of future disclosures. A significant improvement would be to expedite data collection for all scopes, adopt a recognized standard like the GHG Protocol, and engage third-party verification to enhance transparency and accountability in their climate reporting.

Emissions

Scope	Value	Note
Scope1	Not reported ⚠️	Scope 1 data not disclosed in the report.
Scope2	Not reported ⚠️	Scope 2 data not disclosed in the report.
Scope3	Not reported ⚠️	Scope 3 data not disclosed in the report.
Biogenic emissions	Not applicable →	No biomass or biofuel usage reported.

Other Details

Base year: Baseline by FY2025 →
Boundary inventory: Not specified ⚠️
Gwp basis: Not specified ⚠️
Standard: Not specified ⚠️
Data collection approach: Not specified ⚠️
Third party verification: Not verified ⚠️
Carbon intensity: Not reported ⚠️

Efforts

Monitor Scope 1 & 2 annually 🟢
Energy-saving vessel tech 🌞
Less carbon-intensive vessels 🌱

Social Highlights

4,608 training hours 🟢
158 new hires 🟢
Zero human rights issues 🟢
6 CSR programs 🥗
98 days maternity leave 🥗

Governance

Salary disclosure: Can’t find ⚠️

Report Quality

Commendable initial steps are evident in E.A. Technique’s sustainability report for 2023, with a clear focus on climate-related risks and opportunities, and integration into their risk management framework 🟢. The commitment to establish a GHG baseline by FY2025 and annual disclosure of Scope 1 and 2 emissions shows forward-looking intent. Social initiatives, such as extensive employee training (4,608 hours) and CSR programs, are well-documented with measurable outcomes 🟢. However, the report lacks quantifiable GHG data and specifics on emission scopes, standards, or verification ⚠️. Governance disclosures, such as CEO salary or litigation, are absent. While the report provides a solid foundation, it could benefit from accelerated GHG reporting, adoption of international frameworks like GRI or TCFD, and third-party verification to enhance credibility. More detailed governance data would also strengthen transparency.

Tags:

Energy Transportation & Logistics

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This is AI model generated summary based on certain rules set by Sustify.world perspective. If the reader finds the information is incorrect, they can always approach us by sending email admin@sustify.world.

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