ONLY WORLD GROUP HOLDINGS BERHAD
Malaysia | 5260.KL | Main
Reference
Report Year: 2024
Source Files: OWG-Annual_Report_2024.md
Sustainability Committee
Sustainability Management Committee 🟢
- Formed with expertise 🟢
Reporting
ESG Framework, Integrated Report 🟢
GHG Accounting
ONLY WORLD GROUP HOLDINGS BERHAD's GHG accounting in the 2024 report lacks critical data, with no reporting on Scope 1, 2, or 3 emissions. There is no mention of base year, boundary, GWP basis, or third-party verification, limiting transparency. While the company commits to energy-saving practices and digital ticketing to reduce carbon footprint, quantifiable emission data is absent. Improvement is needed in establishing a robust GHG inventory, adopting recognized standards like GHG Protocol, and seeking third-party verification to enhance credibility. The absence of detailed metrics hinders assessment of their environmental impact. Future reports should prioritize measurable outcomes and comprehensive emission tracking to align with global sustainability goals.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data on Scope 1 emissions provided. |
| Scope2 | Not reported ⚠️ | No data on Scope 2 emissions provided. |
| Scope3 | Not reported ⚠️ | No data on Scope 3 emissions provided. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
Efforts
- Digital ticketing adopted 🟢
- Cooking oil recycled 🟢
- Water filter system 🌱
- Reduced paper usage 🌱
Social Highlights
- Employee medical coverage 🟢
- Regular engagement sessions 🟢
- Training programs 🟢
- Limited data available ⚠️ (Insufficient measurable social impact data.)
- Limited data available ⚠️ (Insufficient measurable social impact data.)
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Initial steps taken in sustainability reporting by ONLY WORLD GROUP HOLDINGS BERHAD are noted in their 2024 integrated report 🟢. The formation of a Sustainability Management Committee and commitment to an ESG Framework are positive developments. However, the report lacks quantifiable actions and measurable outcomes for key areas like GHG emissions, with no data on Scope 1, 2, or 3, and no third-party verification ⚠️. While initiatives like digital ticketing and water preservation are mentioned, they are not supported by specific metrics or impact numbers. Forward-looking commitments, such as supporting UN SDGs and a planned FYE 2025 Sustainability Report, are encouraging but need concrete targets. The report could benefit from detailed metrics, verified data, and clearer forecasting to enhance credibility. A more structured approach to reporting, aligned with global standards like GRI, would strengthen future disclosures.
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