CTOS DIGITAL BERHAD
Malaysia | 5301.KL | Main
Reference
Report Year: 2023
Source Files: (Bursa_Part_1)_CTOS_Digital_IAR2023_Final.md, (Bursa_Part_2)_CTOS_Digital_IAR2023_Final.md
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Board oversight 🟢
- ARC reviews 🟢
Reporting
GRI, TCFD, SASB, Integrated Report 🟢
GHG Accounting
CTOS Digital Berhad demonstrates a proactive approach to GHG accounting by reporting Scope 1, Scope 2, and voluntary Scope 3 emissions in 2023. A notable strength is the 9% year-over-year reduction in emissions, surpassing their initial 4% target for Scope 2. However, the report lacks absolute emission figures, limiting transparency. The base year for Scope 2 reduction targets is set at 2022, with a goal of 15% reduction by 2025, showing forward-looking intent. Key gaps include the absence of third-party verification, GWP basis, and detailed data collection methods. To improve, CTOS should provide absolute emission data, seek external verification, and clarify standards used for GHG accounting. This would enhance credibility and align with global best practices.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Reported 🟢 | Absolute data not specified in report. |
| Scope2 | Reported 🟢 | Absolute data not specified; 9% reduction achieved. |
| Scope3 | Reported 🟢 | Voluntary reporting, absolute data not specified. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: 2022 for Scope 2 reduction targets
- Boundary inventory: Operational activities
- Gwp basis: Not specified
- Standard: Not specified
- Data collection approach: Not specified
- Third party verification: Not mentioned
- Carbon intensity: Not reported ⚠️
Efforts
- 9% reduction 🟢
- 15% target by 2025 🟢
- Energy efficiency campaign 🌞
Social Highlights
- 510 roadshows/webinars 🟢
- 2.11M visitors/month 🟢
- 3.64M self-check users 🟢
- RM439M fraud prevented 🟢
- 15,407.5 training hours 🟢
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can’t find ⚠️
Report Quality
Commendable effort by CTOS Digital Berhad in integrating sustainability into their 2023 report 🟢. The report excels with quantifiable actions such as a 9% emission reduction, 510 financial education roadshows, and 15,407.5 employee training hours, showcasing measurable impact. Their alignment with frameworks like GRI, TCFD, and SASB, along with a 4-star FTSE4Good rating, reflects a strong governance structure. Forward-looking commitments, including a 15% Scope 2 reduction by 2025, are promising 🟢. However, the report has gaps, such as lacking absolute GHG emission figures and third-party verification for environmental data ⚠️. Some sections rely on generic statements like 'committed to sustainability' without detailed evidence. To enhance credibility, CTOS should provide specific emission data, pursue external assurance, and elaborate on implementation strategies for targets. Overall, the report provides a solid foundation but could benefit from deeper transparency and specificity.
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.