MALAKOFF CORPORATION BERHAD

Malaysia | 5264.KL | Main

By Sustify.world AI model | 2025-05-25

Malakoff Corporation Berhad, an investment holding company, operates as an independent power production and supply, and environmental management company in Malaysia. It operates through Power Generation, and Waste Management and Environmental Services segments. The company engages in the design, construction, operation, financing, constructing, and maintenance of a combined cycle power plant; generation and sale of electrical energy; design, engineering, administer, procurement, construction, installation and commissioning, testing, operation, and maintenance of coal-fired electricity generating facility, and water desalination services; and land reclamation, and development and/or sale of reclaimed land. The company also builds, owns, and operates an electricity distribution system and a centralized chilled water plant system; develops, operates, and maintains solar photovoltaic projects; and provides engineering and project management services, as well as offers operation and maintenance, repair, overhaul, and other related services to power plants and other utility power plants. In addition, it engages in the asset, property, investment, and intellectual property businesses; and developing, financing, constructing, operating, and maintaining solar, hydropower, biogas, and renewable energy projects. Further, the company provides integrated solid waste collection and public cleansing management; recycling and integrated facility management services; and operates as an independent power producer to supply electricity to Tenaga Nasional Berhad. The company was incorporated in 1975 and is based in Kuala Lumpur, Malaysia.

Reference

Report Year: 2024
Source Files: Malakoff_IAR_2024_(Part_1).pdf, Malakoff_IAR_2024_(Part_2).pdf

Sustainability Committee

Sustainability Committee (Members Unknown) 🟢

Oversees ESG strategy 🟢
Board reporting 🟢

Reporting

GRI, SASB, IFRS S1 & S2, Integrated Report 🟢

GHG Accounting

Malakoff demonstrates a strong commitment to GHG accounting with detailed reporting of Scope 1 (19.06M tCO₂e), Scope 2 (66.5k tCO₂e), and initial Scope 3 (1.12k tCO₂e) emissions for 2024 using the equity share approach 🟢. A key strength is the inclusion of biogenic emissions from biomass co-firing at Tanjung Bin Power Plant, aligning with decarbonization goals. Emissions intensity reduced to 0.78 tCO₂e/MWh from 0.81 in 2023, showing progress. However, third-party verification is absent, limiting credibility ⚠️. Improvements are needed in verifying data externally and expanding Scope 3 coverage beyond business travel and commuting. Setting a clearer GWP basis would also enhance transparency.

Emissions

Scope	Value	Note
Scope1	19.06M tCO₂e 🟢
Scope2	66.5k tCO₂e 🟢
Scope3	1.12k tCO₂e 🟢
Biogenic emissions	Reported (Biomass Co-firing) 🟢	Biogenic emissions included due to biomass co-firing at Tanjung Bin Power Plant.

Other Details

Efforts

3.7% intensity reduction 🟢
2% biomass co-firing 🟢
581k tonnes ash recycled 🟢
173 MW renewable capacity 🌞
Eco-friendly waste fleet 🌱

Social Highlights

RM407k community investment 🟢
6,740 individuals impacted 🟢
1,809 employees trained 🟢
100 awareness programs 🟢
6,579 tonnes recyclables 🟢

Governance

Salary disclosure: Disclosed 🟢
Litigation: Can’t find ⚠️

Report Quality

Commendable effort by Malakoff in producing a comprehensive 2024 sustainability report with detailed metrics on GHG emissions, renewable energy capacity (173 MW), and waste management (21% recycling rate) 🟢. The report excels in providing quantifiable actions such as a 3.7% reduction in emissions intensity and 581,307 tonnes of coal ash recycled, alongside forward-looking commitments like Net Zero by 2050 and 1,400 MW RE capacity by 2031. However, it falls short with lack of third-party verification for emissions data, reducing credibility ⚠️. Some statements, like 'committed to sustainability,' lack specific evidence or measurable outcomes. To improve, Malakoff should incorporate external verification, expand Scope 3 emissions reporting, and provide clearer timelines for interim targets. Overall, the report offers a solid foundation but could benefit from enhanced transparency and specificity.

Tags:

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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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