XIN HWA HOLDINGS BERHAD
Malaysia | 5267.KL | Main
Reference
Report Year: 2024
Source Files: XHH-Annual_Report_2024_(Final-Bursa).md
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
Integrated Report, No Specific Framework Mentioned ⚠️
GHG Accounting
Xin Hwa Holdings Berhad's sustainability report for 2024 lacks detailed GHG accounting. While the report acknowledges the environmental impact of logistics operations, particularly from transportation and warehousing, there are no specific emissions data for Scope 1, 2, or 3. Fuel consumption is reported at 6.1 million liters for FY2024, but this is not translated into emissions. Key elements like base year, boundary, GWP basis, and verification status are missing. Strengths include initiatives like fuel-efficient vehicles and route optimization, but without quantifiable emissions data, the impact is unclear. Improvements needed include adopting a recognized standard (e.g., GHG Protocol), reporting absolute emissions, and seeking third-party verification to enhance credibility.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No specific data on Scope 1 emissions provided. |
| Scope2 | Not reported ⚠️ | No specific data on Scope 2 emissions provided. |
| Scope3 | Not reported ⚠️ | No specific data on Scope 3 emissions provided. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
Efforts
- Fuel-efficient vehicles 🚛
- Route optimization 🗺️
- Waste segregation & recycling ♻️
- Advanced vehicle tech 🌱
Social Highlights
- MYR 59,000 for community 🥗
- 8 beneficiaries 🟢
- 59 employees trained 🟢
- 910 training hours (executives) 🟢
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable intent is evident in Xin Hwa Holdings Berhad's 2024 sustainability report, with a clear recognition of environmental and social impacts in the logistics sector 🟢. The report highlights initiatives like fuel-efficient vehicles and waste management, supported by metrics such as 6.1 million liters of fuel consumed and MYR 59,000 invested in community programs. However, significant gaps exist in quantifiable outcomes and detailed reporting ⚠️. GHG emissions data for Scopes 1, 2, and 3 are absent, and there’s no adoption of recognized frameworks like GRI or TCFD. Forward-looking commitments, such as net-zero targets, are also missing. While stakeholder engagement is outlined, the report leans on generic statements like 'commitment to sustainability' without measurable evidence. Improvements could include adopting a reporting framework, providing absolute emissions data, and setting specific, time-bound sustainability goals to enhance transparency and accountability.
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