AL-SALAM REAL ESTATE INVESTMENT TRUST
Malaysia | 5269.KL | Main
Reference
Report Year: 2023
Source Files:
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Discussed ESG initiatives 🟢
- Reviewed policies 🟢
- Monitored health & safety 🟢
Reporting
Integrated Report, No Specific Framework Mentioned ⚠️
GHG Accounting
Al-Salām REIT's GHG accounting efforts in 2023 are significantly underdeveloped. No emissions data for Scope 1, 2, or 3 is reported, which is a critical gap in transparency. There is also no mention of a base year, boundary, GWP basis, or adherence to standards like the GHG Protocol or ISO 14064. Lack of third-party verification further undermines credibility. While the report highlights energy efficiency initiatives like solar panel installation, these are not translated into quantifiable emissions reductions. The company should prioritize establishing a comprehensive GHG inventory, adopt recognized standards, and seek external verification to enhance accountability and align with best practices in sustainability reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | Scope 1 emissions data not provided. |
| Scope2 | Not reported ⚠️ | Scope 2 emissions data not provided. |
| Scope3 | Not reported ⚠️ | Scope 3 emissions data not provided. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Not specified ⚠️
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Data collection approach: Not specified ⚠️
- Third party verification: Not mentioned ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- 37.87% energy reduction 🟢
- Solar panels installed 🌞
- Recycling bins pilot 🟢
Social Highlights
- Zero fatalities 🟢
- Tenant satisfaction up to 85% 🟢
- Zero human rights issues 🟢
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
Report Quality
Commendable initial steps are evident in Al-Salām REIT’s 2023 sustainability report with the establishment of a Board Sustainability Committee and efforts like solar panel installation achieving a 37.87% energy reduction 🟢. However, the report falls short in several critical areas. Quantifiable outcomes for GHG emissions are entirely absent, with no data on Scope 1, 2, or 3 ⚠️. Generic commitments to ESG principles lack supporting evidence or measurable targets. There are no forward-looking commitments like net-zero goals or specific timelines for broader sustainability objectives. To improve, the company should incorporate third-party verification, adopt recognized frameworks like GRI or TCFD, and provide detailed emissions data. Enhancing transparency with measurable KPIs and forecasting future targets would significantly strengthen the report’s credibility and utility for stakeholders.
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