LBS Bina Group Berhad
Malaysia | 5789.KL | Main
Reference
Report Year: 2021
Source Files:
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- 1 meeting 🟢
- 4 discussions 🟢
Reporting
GRI, SASB, Integrated Report 🟢
GHG Accounting
LBS Bina Group Berhad has made initial strides in GHG accounting by publishing Scope 1, 2, and 3 emissions data for 2021, along with emissions intensity data, demonstrating a commitment to transparency. However, the report lacks critical details such as base year, boundary definitions, GWP basis, and specific emission figures, limiting the depth of analysis. No third-party verification for non-financial data is noted, though plans for future assurance are mentioned. A key improvement area is to provide detailed quantitative data and adopt a recognized standard like GHG Protocol or ISO 14064 for consistency. Enhancing verification processes would further strengthen credibility and stakeholder trust in their emissions reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Reported 🟢 | Specific data not detailed in the report. |
| Scope2 | Reported 🟢 | Specific data not detailed in the report. |
| Scope3 | Reported 🟢 | Specific data not detailed in the report. |
| 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: Internal sourcing 🟢
- Third party verification: Not verified ⚠️
- Carbon intensity: Reported 🟢
Efforts
- Emissions data reported 🟢
- 18,243 kg waste recycled 🟢
- 1,846 trees planted 🌱
- 21.31% water reduction 🟢
Social Highlights
- 1,510.75 training hours 🟢
- Zero violations 🟢
- Community support 🥗
- RM74M in benefits 🟢
- 10.6% OSH representation 🟢
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can't find ⚠️
Report Quality
Commendable start by LBS Bina Group Berhad in sustainability reporting for 2021 🟢. The integrated report, aligned with GRI and SASB frameworks, provides a structured overview of ESG performance with quantifiable metrics such as 18,243 kg of waste recycled, 21.31% water consumption reduction, and 1,846 trees planted. Measurable outcomes like zero fatalities and a 0.46 LTI rate in OSH performance add credibility. However, the report lacks depth in GHG accounting details (e.g., base year, specific emission figures) and third-party verification for non-financial data ⚠️. Forward-looking commitments, such as future assurance plans and setting ESG KPIs, are noted but remain vague. While the report avoids excessive generic content, it could benefit from more detailed data and actionable targets. Incorporating third-party verification and clearer forecasting would elevate its quality and stakeholder trust.
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