LOTTE CHEMICAL TITAN HOLDING BERHAD

Malaysia | 5284.KL | Main

By Sustify.world AI model | 2025-05-24

Lotte Chemical Titan Holding Berhad engages in manufacture and sale of petrochemical products and polyolefin resins in Malaysia, Indonesia, China, Southeast Asia, Northeast Asia, Indian Sub-Continent, and internationally. It offers polyethylene used to manufacture grocery, merchandise, and trash bags; food containers; bottle caps and closures; liners for cereal and cracker boxes; plastic drink cups; dairy crates; bread trays; pails; safety equipment; house wraps for insulation; bottles for household and industrial chemicals; milk and juice bottles; and large tanks for storing liquids. The company provides low-density polyethylene used to manufacture food packaging films; plastic bottles for packaging food and personal care items; dry cleaning bags; ice bags; pallet shrink wraps; heavy-duty bags for mulch and potting soil; boil-in-bag bags; coatings on flexible packaging products; and coatings on paper board such as milk cartons. In addition, it offers linear low-density polyethylene used to manufacture garbage and lawn-leaf bags; industrial can liners; housewares; lids for coffee cans and margarine tubs; dishpans; home plastic storage and kitchen trash containers; outdoor gym sets; drip irrigation tubing products; protective coatings for telephone wires and films; shrink wraps for multi-packaging canned food; bag-in-box bags; produce bags; and pallet stretch wraps. Further, it offers polypropylene to manufacture fiber for carpets, rugs and upholstery, housewares, automotive battery cases, running boards and bumpers, grid-type flooring for sports facilities, fishing tackle boxes, bottle caps and closures, metalized film for food packaging, and thin walled and hot filled containers. It offers olefins and derivatives, including ethylene, propylene, butadiene, tert-butyl alcohol, benzene, and toluene. The company was incorporated in 1991 and is headquartered in Petaling Jaya, Malaysia. Lotte Chemical Titan Holding Berhad is a subsidiary of Lotte Chemical Corporation.

Reference

Report Year: 2024
Source Files: Integrated_Annual_Report_2024_(Part_1).pdf, Integrated_Annual_Report_2024_(Part_2).pdf

Sustainability Committee

Sustainability Working Group (Members Unknown) 🟢

Reviewed Materiality Matrix 🟢
Monitored Sustainability Initiatives 🟢

Reporting

GRI, Integrated Report 🟢

GHG Accounting

LOTTE Chemical Titan's GHG accounting in 2024 shows limited transparency. Scope 2 emissions are reported under GRI 305-2, which is a positive step 🟢, but specific figures are absent from the provided content. However, Scope 1 and Scope 3 emissions are not reported ⚠️, and critical details such as base year, boundary, GWP basis, and verification status are missing. This lack of comprehensive data hinders a full assessment of their carbon footprint. To improve, the company should provide absolute emission figures, establish a clear base year, adopt a recognized standard like GHG Protocol, and pursue third-party verification to enhance credibility. Additionally, disclosing carbon intensity metrics would offer better insight into operational efficiency relative to emissions.

Emissions

Scope	Value	Note
Scope1	Not reported ⚠️	Scope 1 emissions data not explicitly provided in the report.
Scope2	Reported 🟢	Scope 2 emissions mentioned under GRI 305-2, but specific figures not included in the provided content.
Scope3	Not reported ⚠️	Scope 3 emissions data not mentioned in the report.
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

GHG Management Initiatives 🟢
Waste Management Reported 🟢
Circular Economy Exploration 🌱
Sustainable Manufacturing 🟢

Social Highlights

1,456 Employees Supported 🟢
CSR Programs (People, Education, Aid, Community, Environment) 🥗
Limited data available ⚠️
Limited data available ⚠️
Limited data available ⚠️

Governance

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

Report Quality

Commendable Framework Adoption in LOTTE Chemical Titan’s 2024 Integrated Annual Report 🟢, with adherence to the GRI framework providing a structured approach to sustainability reporting. The report highlights key areas like environmental management and occupational safety, and stakeholder engagement is well-documented. However, quantifiable outcomes are limited ⚠️, especially in GHG accounting, where Scope 1 and Scope 3 emissions lack specific figures, and verification status is unclear. Generic commitments such as 'managing GHG emissions' lack depth without measurable targets or timelines. Forward-looking statements, like the 2025 outlook on climate disclosures, are noted but lack concrete commitments (e.g., net-zero targets). To enhance credibility, the company should include absolute emission data, pursue third-party verification, and set specific, time-bound goals. Overall, the report lays a solid foundation but could benefit from greater specificity and transparency in sustainability performance metrics.

Tags:

Energy Industrial Products & Services

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Disclaimer:

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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