ECO WORLD INTERNATIONAL BERHAD
Malaysia | 5283.KL | Main
Reference
Report Year: 2024
Source Files:
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Monthly PCG meetings 🟢
Reporting
GRI, TCFD, IFRS S1, IFRS S2, Separate Report 🟢
GHG Accounting
EcoWorld International demonstrates a structured approach to GHG accounting with detailed reporting of Scope 1 (6,735 kgCO₂e), Scope 2 (22,793 kgCO₂e), and Scope 3 (133,925 kgCO₂e) emissions for FY2024. A strength lies in their intensity-based disclosures (e.g., 0.7 kgCO₂e/m² for Scope 1), which provide a relative measure of impact. However, gaps include the lack of clarity on third-party verification, GWP basis, and adherence to specific standards like GHG Protocol. The base year (FY2022) is under review due to operational changes, limiting comparability. Improvements are needed in verifying data externally and confirming the carbon baseline for accurate tracking towards their Net Zero Carbon (NZC) target by 2040.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 6,735 kgCO₂e 🟢 | |
| Scope2 | 22,793 kgCO₂e 🟢 | |
| Scope3 | 133,925 kgCO₂e 🟢 | |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
Efforts
- NZC Target by 2040 🟢
- 97.59% waste diverted 🟢
- Renewable energy adoption 🌞
- Intensity-based reporting 🌱
Social Highlights
- 98% employees trained 🟢
- 10+ community events 🥗
- 69% local procurement 🥗
- 96% SME procurement 🥗
- 3 social enterprises supported 🥗
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable effort by EcoWorld International in their FY2024 sustainability report 🟢. The report provides a solid foundation with quantifiable metrics such as GHG emissions (e.g., Scope 1: 6,735 kgCO₂e), waste diversion (97.59%), and social impact (98% employee training). Alignment with frameworks like GRI, TCFD, and IFRS S1/S2 reflects a commitment to global standards. However, key gaps exist ⚠️, including the absence of third-party verification for GHG data and unclear adherence to specific standards like GHG Protocol. Forward-looking commitments, such as NZC by 2040, are promising but lack interim milestones or updated baselines due to operational changes. While social initiatives are well-documented, governance disclosures (e.g., salary transparency) are limited. The report could benefit from enhanced verification processes and more specific forecasting to strengthen credibility and accountability.
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