TECHBOND GROUP BERHAD
Malaysia | 5289.KL | Main
Reference
Report Year: 2024
Source Files: Techbond_AR2024.md, Techbond_Sustainability_Report.md
Sustainability Committee
Sustainability Working Group (SWG) formed 🟢
- Weekly meetings 🟢
- Led by Deputy MD 🟢
Reporting
GRI, Separate Report 🟢
GHG Accounting
TECHBOND GROUP BERHAD demonstrates a commendable effort in GHG accounting by reporting Scope 1, Scope 2, and Scope 3 emissions, including business travel data (142,968 kg CO₂e in FY2024). A clear target of 45% carbon emission reduction by 2030 against a 2020 baseline reflects ambition. Strengths include detailed tracking of energy and travel emissions and integration of sustainability into operations across multiple facilities. However, third-party verification is absent, and specifics on GWP basis or adherence to standards like GHG Protocol are unclear, limiting credibility. Improvements could involve external validation of data and explicit reporting of carbon intensity metrics to enhance transparency and accountability in their sustainability journey.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Reported 🟢 | Specific data for Scope 1 provided in report (p/g 33-34). |
| Scope2 | Reported 🟢 | Specific data for Scope 2 provided in report (p/g 33-34). |
| Scope3 | Reported 🟢 | Includes business travel emissions (142,968 kg CO₂e for petrol and diesel in FY2024). |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: 2020 (Carbon Intensity Emission baseline)
- Boundary inventory: Includes Techbond HQ, Vietnam plant, and subsidiary M.A.C.
- Gwp basis: Not specified
- Standard: Not explicitly mentioned (GHG Protocol or ISO 14064)
- Data collection approach: Tracking energy consumption, business travel (mileage, mode of transport), and production processes.
- Third party verification: Not mentioned
- Carbon intensity: Not specified ⚠️
Efforts
- 26.64% reduction 🟢
- 45% target by 2030 🟢
- 960 m³ water saved monthly 🟢
- RM2.65M solar investment 🌞
- Virtual meetings adopted 🌱
Social Highlights
- 200+ children supported 🥗
- Produce donated to orphans 🥗
- 16 lunch boxes provided 🥗
- Education support to Taylor University 🥗
- 261 employees trained 🟢
Governance
- Salary disclosure: Can’t find ⚠️
Report Quality
Commendable initiative by TECHBOND GROUP BERHAD in their 2024 sustainability report 🟢. The report showcases quantifiable actions such as a 26.64% CO₂e reduction at HQ, RM2.65 million investment in solar power, and specific social impacts like supporting over 200 children. The use of the GRI framework adds structure, and forward-looking commitments like a 45% emission reduction by 2030 are promising. However, there are gaps ⚠️: the absence of third-party verification undermines data credibility, and some metrics lack depth (e.g., carbon intensity specifics). Generic statements like 'commitment to sustainability' occasionally lack supporting evidence. To improve, Techbond could incorporate external assurance, provide detailed breakdowns of GHG data, and focus on measurable outcomes over broad claims. Overall, the report lays a solid foundation but can benefit from enhanced rigor and transparency.
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