SIME DARBY PROPERTY BERHAD
Malaysia | 5288.KL | Main
Reference
Report Year: 2024
Source Files: Not specified in provided metadata
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Regular engagements 🟢
- Sustainability Day event 🟢
Reporting
GRI, TCFD, Separate Report 🟢
GHG Accounting
Sime Darby Property demonstrates a structured approach to GHG accounting with a focus on Scope 1 and 2 emissions, achieving a total of 14,253.78 tCO₂e in 2022, with external verification enhancing credibility 🟢. The company has set ambitious targets for a 40% reduction in Scope 1 and 2 by 2030 and Net Zero by 2050, using the Science Based Targets initiative (SBTi). However, Scope 3 reporting remains underdeveloped, limiting a full emissions profile ⚠️. Strengths include detailed segmentation of emissions by business units and renewable energy integration. Improvements are needed in comprehensive Scope 3 data collection and clearer timelines for interim targets to ensure alignment with long-term goals.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 743.83 tCO₂e (2022) 🟢 | |
| Scope2 | 13,509.95 tCO₂e (2022) 🟢 | |
| Scope3 | Not fully reported ⚠️ | Scope 3 data in early stages of tracking |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: 2020 (revised baseline for water and waste intensity)
- Boundary inventory: Operational control for Scope 1 and 2; excludes non-operational control assets and contractors from 2020 onwards
- Gwp basis: IPCC Guidelines
- Standard: GHG Protocol
- Data collection approach: Metered data for Scope 1 and 2; external assurance for key metrics
- Third party verification: Verified for Scope 1 and 2 data (2022)
- Carbon intensity: Segment-specific intensity reported, verified 🟢
Efforts
- 3.3% reduction 🟢
- 29% recycling increase 🟢
- 1,026 kWp solar energy 🌞
- Green concrete adoption 🌱
Social Highlights
- 265 affordable homes 🟢
- 10,775 engaged in conservation 🟢
- Relief for 899 families 🥗
- RM11.4M for 50,000+ beneficiaries 🟢
- 2,219.5 volunteer hours 🟢
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable effort by Sime Darby Property in producing a detailed sustainability report for 2022 🟢. The report showcases quantifiable actions such as a 3.3% reduction in carbon emissions and installation of solar PV systems generating 1,026 kWp, supported by third-party verification. Measurable outcomes are evident in social initiatives, with over 50,000 beneficiaries from community investments. However, the lack of comprehensive Scope 3 emissions data and forward-looking commitments for interim targets are notable gaps ⚠️. While the report aligns with GRI and TCFD frameworks, some sections contain generic statements like 'committed to sustainability' without specific evidence. The company could benefit from incorporating detailed Scope 3 reporting and clearer timelines for Net Zero goals to enhance transparency and accountability. Overall, the report provides a solid foundation but requires deeper specificity in certain areas.
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