MI TECHNOVATION BERHAD
Malaysia | 5286.KL | Main
Reference
Report Year: 2023
Source Files: Mi_Technovation_Berhad_Sustainability_Report_2023_(Part_1).md, Mi_Technovation_Berhad_Sustainability_Report_2023_(Part_2).md, Mi_Technovation_Berhad_Annual_Report_2023.md
Sustainability Committee
Board Sustainability Committee (Members Unknown) 🟢
- Oversees ESG strategies 🟢
Reporting
SDGs, Bursa Listing Requirements, Separate Report 🟢
GHG Accounting
MI Technovation Berhad demonstrates a commitment to GHG accounting by reporting emissions across Scope 1 (1.181 tCO₂e), Scope 2 (1,876.597 tCO₂e), and limited Scope 3 (47.97 tCO₂e, business travel only) for 2023, totaling 1,925.748 tCO₂e. Strengths include detailed Scope 2 reporting and participation in the Green Electricity Tariff (GET) program, offsetting 682.2 tCO₂e. However, Scope 3 coverage is narrow, lacking broader supply chain data, and there is no third-party verification, reducing credibility. Improvement areas include expanding Scope 3 reporting, adopting a recognized standard like GHG Protocol, and securing external assurance for data reliability.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 1.181 tCO₂e (2023) 🟢 | |
| Scope2 | 1,876.597 tCO₂e (2023) 🟢 | |
| Scope3 | 47.97 tCO₂e (Business Travel, 2023) 🟢 | Limited to business travel only ⚠️ |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Covers Scope 1 (owned vehicles), Scope 2 (purchased electricity), Scope 3 (business travel)
- Gwp basis: DEFRA 2023 (Scope 1), Grid Emission Factor (Scope 2)
- Standard: Not specified
- Data collection approach: Based on owned vehicle fuel use (Scope 1), electricity usage (Scope 2), and Singapore Airlines Carbon Offset Programme (Scope 3 business travel)
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- 682.2 tCO₂e offset (GET program) 🟢
- 305 tCO₂e offset (air travel) 🟢
- Waste reduction & recycling 🟢
- 194 MWh solar energy 🌞
- Electronic communication adoption 🌱
Social Highlights
- Sponsored education initiatives 🥗
- Health awareness events 🥗
- Cancer fund sponsorship 🥗
- 3,563.79 training hours 🟢
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
Report Quality
Commendable effort by MI Technovation Berhad in producing a detailed sustainability report for 2023 🟢. The report excels in providing quantifiable actions, such as offsetting 682.2 tCO₂e through the GET program and generating 194 MWh of solar energy. Measurable outcomes, like Scope 1, 2, and partial Scope 3 emissions data, add transparency. However, the report lacks third-party verification and comprehensive Scope 3 coverage, which limits its credibility ⚠️. While forward-looking commitments are implied, such as transitioning to a low-carbon future, specific targets (e.g., net-zero by a certain year) are absent. Some sections include generic statements like 'committed to sustainability' without supporting evidence. To enhance future reports, the company should incorporate external assurance, expand Scope 3 data, and set clear, time-bound sustainability goals for greater accountability.
Tags:
Looking for ESG Strategy & Improvement?
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.
Need Expert help?
Contact us TODAY for sustainability strategy, reporting, and outsourcing services.