HONG LEONG CAPITAL BERHAD
Malaysia | 5274.KL | Main
Reference
Report Year: 2024
Source Files: Hong_Leong_Capital_Berhad_-_Annual_Report_2024.pdf
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Oversees strategies 🟢
- Advises on climate governance 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
HONG LEONG CAPITAL BERHAD demonstrates a structured approach to GHG accounting with comprehensive Scope 1 and Scope 2 reporting aligned to the GHG Protocol and IPCC Guidelines. Total emissions for 2024 stand at 1,359 tCO₂e, a 14.9% reduction from the 2019 base year, reflecting progress toward their 15-25% reduction target by 2026. Third-party verification by SIRIM enhances credibility. However, Scope 3 reporting is limited to business travel and commuting, missing broader value chain impacts. The absence of carbon intensity metrics limits performance benchmarking. Improvements could include expanding Scope 3 inventory and reporting intensity metrics to provide a fuller picture of environmental impact. Overall, the company shows commitment but has room to deepen its GHG disclosures.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 623 tCO₂e 🟢 | |
| Scope2 | 699 tCO₂e 🟢 | |
| Scope3 | 37 tCO₂e 🟢 | Limited to business travel and employee commuting |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: 2019
- Boundary inventory: Covers main offices (Menara Hong Leong, Plaza Zurich), branches, and hubs across Malaysia
- Gwp basis: IPCC Guidelines
- Standard: GHG Protocol
- Data collection approach: Operational control approach
- Third party verification: Yes, by SIRIM QAS International
- Carbon intensity: Not reported ⚠️
Efforts
- 14.9% reduction 🟢
- 147 kg e-waste recycled 🟢
- LED lighting adopted 🌞
- Electronic communication 🌱
Social Highlights
- 3,689 agents trained 🟢
- 468 employees ESG trained 🟢
- RM24,785 donated, 330 impacted 🥗
- 53% female workforce 🟢
- Limited data available ⚠️
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can’t find ⚠️
Report Quality
Commendable effort by HONG LEONG CAPITAL BERHAD in their 2024 integrated sustainability report 🟢. The report provides detailed GHG emissions data with third-party verification by SIRIM, showcasing credibility and transparency in environmental metrics. Quantifiable actions, such as a 14.9% reduction in Scope 1 and 2 emissions since 2019 and recycling 147 kg of e-waste, highlight measurable outcomes. Forward-looking commitments, like the 15-25% emissions reduction target by 2026 and Net Zero aspirations, are promising. However, the report contains some generic statements on sustainability culture without specific impact metrics ⚠️. Social initiatives, while impactful, lack depth in reporting outcomes beyond headcounts. To enhance quality, the company could incorporate broader Scope 3 data, provide carbon intensity metrics, and detail measurable social impacts. Overall, the report offers a solid foundation but could benefit from deeper specificity and evidence-based outcomes.
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