FARM FRESH BERHAD
Malaysia | 5306.KL | Main
Reference
Report Year: 2024
Source Files: Farm_Fresh_Berhad_-_Integrated_Annual_Report_2024_(Part_1).md, Farm_Fresh_Berhad_-_Integrated_Annual_Report_2024_(Part_2).md, Farm_Fresh_Berhad_-_Integrated_Annual_Report_2024_(Part_3).md, Farm_Fresh_Berhad_-_Integrated_Annual_Report_2024_(Part_4).md
Sustainability Committee
Sustainability Governance by Board 🟢
- Board oversight 🟢
- Annual review 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
Farm Fresh Berhad demonstrates a commendable effort in GHG accounting with regular carbon inventory exercises and third-party verification by SIRIM QAS International. Their carbon intensity is notably lower than regional peers since 2019, reflecting effective emission management. The operational boundary covers farms, with a focus on Scope 1, 2, and 3 emissions, though absolute figures are not disclosed. A key gap is the lack of reporting on biogenic emissions despite biogas plant operations at Muadzam Shah. Improvements are needed in specifying the GHG accounting standard and GWP basis. Including biogenic emissions in the inventory and providing absolute emission data would enhance transparency and align with best practices, strengthening their position as a sustainability leader in the dairy sector.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Reported 🟢 | Specific data not provided in absolute terms. |
| Scope2 | Reported 🟢 | Specific data not provided in absolute terms. |
| Scope3 | Reported 🟢 | Specific data not provided in absolute terms. |
| Biogenic emissions | Not reported despite biomass usage ⚠️ | Biogas plant operational but emissions not quantified in GHG inventory. |
Other Details
Efforts
- 670k litres diesel saved 🟢
- 9,800 tCO₂e reduction 🟢
- Solar PV: 2,239.12 kWp 🌞
- 375.5k bottles saved 🟢
- 33.6% recyclable packaging 🌱
Social Highlights
- 1,791 participants empowered 🥗
- RM2.7M to farmers 🥗
- 67% local hiring 🥗
- Indigenous scholarships 🥗
- School milk program 🥗
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable strides in sustainability reporting are evident in Farm Fresh Berhad’s 2024 Integrated Annual Report 🟢. The report offers a structured overview of ESG initiatives, with quantifiable actions such as a biogas plant reducing diesel usage by 670,000 litres annually and solar PV systems generating clean energy at a peak capacity of 2,239.12 kWp. Third-party verification by SIRIM QAS International adds credibility to the data. However, gaps remain, including the absence of absolute GHG emission figures and limited forward-looking commitments beyond a 5% annual emission intensity reduction target ⚠️. Generic statements like 'committed to sustainability' lack depth without specific timelines or detailed metrics. To enhance impact, the company should incorporate absolute emission data, report biogenic emissions from biogas operations, and outline clearer long-term goals. Overall, the report lays a solid foundation but could benefit from greater specificity and ambition.
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