ITMAX SYSTEM BERHAD
Malaysia | 5309.KL | Main
Reference
Report Year: 2023
Source Files: AR_2023_(Part_I).pdf
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Board oversight 🟢
Reporting
Bursa ESG Reporting Platform, Integrated Report 🟢
GHG Accounting
ITMAX System Berhad's GHG accounting in 2023 is underdeveloped, with no reporting of Scope 1, 2, or 3 emissions. While the report mentions energy consumption (221 MW) and water usage (119 ML), it lacks critical details such as base year, boundary, GWP basis, and adherence to standards like the GHG Protocol. No third-party verification is evident, which undermines data credibility. The focus on sustainable IT practices and decarbonization is noted, but without quantifiable emission data, progress tracking is impossible. Improvements are needed in comprehensive GHG inventory development, adoption of recognized standards, and external verification to enhance transparency and accountability in environmental reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data on Scope 1 emissions provided. |
| Scope2 | Not reported ⚠️ | No data on Scope 2 emissions provided. |
| Scope3 | Not reported ⚠️ | No data on Scope 3 emissions provided. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Not specified ⚠️
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Data collection approach: Internally sourced 🟢
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Energy-efficient IT 🌱
- Not reported ⚠️
- Digital carbon reduction 🌞
- 90% local sourcing 🚚
Social Highlights
- 20% more interns 🟢
- RM100,000 donation 🥗
- 14 beneficiaries 🟢
- Limited data available ⚠️ (Insufficient social impact metrics provided.)
- Limited data available ⚠️ (Insufficient social impact metrics provided.)
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable intent is evident in ITMAX System Berhad's 2023 sustainability report, with a clear commitment to ESG principles and integration into business strategy 🟢. The report highlights forward-looking statements and stakeholder engagement efforts, which provide a foundation for sustainable growth. However, the lack of quantifiable data on GHG emissions and limited measurable outcomes for environmental and social initiatives are significant gaps ⚠️. Generic statements like 'commitment to decarbonization' lack supporting metrics or timelines. While awards and community investments are noted, deeper impact analysis is needed. To improve, ITMAX should prioritize detailed emission reporting, adopt recognized frameworks like GRI or TCFD, incorporate third-party verification, and set specific, time-bound targets. This would transform a promising narrative into a robust, evidence-based sustainability disclosure.
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