GOLDEN PHAROS BERHAD
Malaysia | 5649.KL | Main
Reference
Report Year: 2023
Source Files:
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- 1+ meeting 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
Golden Pharos Berhad demonstrates a commendable start in GHG accounting by reporting Scope 1, 2, and 3 emissions for 2023, as detailed on pages 122-124 of their report. The boundary covers operations and subsidiaries in Malaysia, ensuring relevance to their operational control. However, critical elements such as the base year, GWP basis, and standard used (e.g., GHG Protocol) are not specified, limiting comparability and transparency. Additionally, there is no mention of third-party verification, which undermines data credibility. To improve, the company should establish a clear base year, adopt a recognized standard, and pursue external assurance for emissions data. These steps would strengthen stakeholder trust and align reporting with best practices.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Reported 🟢 | Specific data for Scope 1 emissions provided in report (page 122-124). |
| Scope2 | Reported 🟢 | Specific data for Scope 2 emissions provided in report (page 122-124). |
| Scope3 | Reported 🟢 | Specific data for Scope 3 emissions provided in report (page 122-124). |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Operational control in Malaysia 🟢
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Carbon intensity: Emission intensity reported (page 125) 🟢
Efforts
- Climate change initiatives (page 126-129) 🟢
- Zero waste in timber division 🟢
- Solar panels at sawmills 🌞
- SFM for sustainable harvesting 🌱
Social Highlights
- RM576,925 CSR contribution 🟢
- Community development & jobs 🥗
- Education & sports programs 🥗
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can’t find ⚠️
Report Quality
Commendable foundation in sustainability reporting by Golden Pharos Berhad 🟢. The 2023 integrated report aligns with the GRI framework and provides quantifiable actions such as CSR contributions (RM576,925) and emissions data for Scopes 1, 2, and 3. The inclusion of initiatives like solar panel adoption and zero waste culture in the timber division reflects measurable outcomes. However, the report lacks depth in critical areas ⚠️, such as third-party verification for GHG data, specification of base year, and detailed forward-looking commitments beyond general decarbonization goals. While the commitment to Sustainable Forest Management is noted, many statements remain generic, lacking specific targets or timelines (e.g., 'shifting towards decarbonisation'). To enhance credibility, the company should incorporate external assurance, set clear measurable targets, and provide more detailed forecasting for sustainability goals. Overall, the report provides a solid base but could benefit from greater specificity and accountability.
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