PARKSON HOLDINGS BERHAD
Malaysia | 5657.KL | Main
Reference
Report Year: 2023
Source Files: Parkson_-_2023_Annual_Report.md
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- MSC assists Board 🟢
- SWC implementation 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
Parkson Holdings Berhad's GHG accounting in 2023 lacks critical details, with no Scope 1, 2, or 3 emissions data reported in the sustainability statement. Key elements such as base year, boundary, GWP basis, and standards (e.g., GHG Protocol) are absent, limiting transparency. While energy consumption (43,257.85 MW) and water usage (130.74 ML) are disclosed, these are not linked to emissions. No third-party verification is mentioned, which undermines credibility. The report could improve by establishing a clear GHG inventory, adopting recognized standards, and ensuring external validation. Addressing these gaps would strengthen accountability and align with global best practices.
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 ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- 80% LED lighting 🟢
- No single-use plastics 🟢
- Energy-saving tech 🌞
- Reusable bag initiative 🌱
Social Highlights
- 2,142 employees trained 🟢
- RM688K community investment 🥗
- 197 beneficiaries supported 🥗
- RM350K scholarships 🥗
- RM270K medical aid 🥗
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can’t find ⚠️
Report Quality
Commendable social and environmental initiatives are evident in Parkson Holdings Berhad’s 2023 sustainability report, with quantifiable actions like training 2,142 employees on safety standards and investing RM688,082 in community programs 🟢. Energy-saving measures, such as 80% LED lighting conversion, reflect practical environmental efforts. However, the report falls short on GHG emissions data, lacking Scope 1, 2, or 3 metrics and third-party verification ⚠️. While aligned with GRI standards, much of the content on climate action remains generic, missing measurable outcomes or specific targets. Forward-looking commitments, like adopting TCFD by FY2025, are noted but lack detail. The report could benefit from comprehensive emissions reporting, verified data, and clearer net-zero or reduction goals. Overall, it provides a foundation but needs deeper substance on environmental accountability.
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.