IGB BERHAD
Malaysia | 5606.KL | Main
Reference
Report Year: 2023
Source Files: IGB_Berhad_AR23_Part_1.pdf, IGB_Berhad_AR23_Part_2.pdf
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Quarterly Board reporting 🟢
Reporting
Bursa Malaysia's Sustainability Reporting Guide, Integrated Report 🟢
GHG Accounting
IGB Berhad demonstrates a structured approach to GHG accounting by tracking Scope 1 (3,322 tCO₂e), Scope 2 (98,864 tCO₂e), and Scope 3 (95,875 tCO₂e) emissions for 2023, using the GHG Protocol with an operational control boundary. Data is sourced from company operations, with emission factors from DEFRA and MGTC. However, the lack of third-party verification raises concerns about data reliability. Strengths include comprehensive Scope 3 reporting, covering diverse categories like business travel and downstream assets. A key gap is the absence of carbon intensity metrics, limiting comparability. Improvement is needed in securing external assurance and setting clearer net-zero targets beyond the national 2050 goal. Enhancing transparency on data methodologies would further strengthen credibility.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 3,322 tCO₂e 🟢 | |
| Scope2 | 98,864 tCO₂e 🟢 | |
| Scope3 | 95,875 tCO₂e 🟢 | |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: 2019
- Boundary inventory: Operational control consolidation approach
- Gwp basis: DEFRA, MGTC for electricity grids in Malaysia
- Standard: GHG Protocol Corporate Accounting and Reporting Standard
- Data collection approach: Tracking emissions from company vehicles, fuel combustion, fugitive emissions (Scope 1); purchased electricity (Scope 2); employee commute, business travel, waste, district energy cooling, downstream leased assets (Scope 3)
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Avoided 89 tCO₂e 🟢
- 5.13% waste diversion 🟢
- 12,152 m³ rainwater harvested 🌧️
- EUI reduction targets by 2030 🌱
Social Highlights
- 5,827 beneficiaries impacted 🥗
- 24,977 blood bags collected 🥗
- 31,603 training hours 🟢
- 99.59% local supplier spending 🟢
- 360 villagers supported 🥗
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable transparency in IGB Berhad's 2023 sustainability report, with detailed metrics on GHG emissions, waste diversion (5.13%), and community impact (5,827 beneficiaries) 🟢. The integrated report aligns with Bursa Malaysia's guidelines, providing a clear view of material matters and stakeholder engagement. Measurable outcomes, such as 12,152 m³ of rainwater harvested, reflect actionable efforts. However, the absence of third-party verification for GHG data and lack of carbon intensity metrics are notable gaps ⚠️. Forward-looking commitments, like net-zero alignment by 2050, lack specificity on interim targets. While the report avoids overly generic content, deeper insights into governance disclosures (e.g., executive salaries) are needed. IGB could enhance credibility by incorporating external assurance, setting granular targets, and expanding on social impact forecasting. Overall, a solid foundation with room for refinement.
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