CHOO BEE METAL INDUSTRIES BHD
Malaysia | 5797.KL | Main
Reference
Report Year: 2023
Source Files: CBMI-Annual_Report_2023.md
Sustainability Committee
Sustainability Working Group (SWG) 🟢
- Led by CEO 🟢
- Middle & Senior Management Involved 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
CHOO BEE METAL INDUSTRIES BHD demonstrates a commendable effort in GHG accounting by reporting reductions in Scope 1 and Scope 2 emissions, achieving a 15% reduction in Scope 1 and 40% reduction in Scope 2 from the 2019 baseline ahead of their 2030 targets. The integration of TCFD recommendations is a positive step towards aligning with climate-related disclosures. However, Scope 3 emissions are not reported, which limits the completeness of their GHG inventory. Additionally, key details such as GWP basis, data collection approach, and third-party verification status are lacking. To enhance credibility, the company should consider third-party verification and include Scope 3 emissions in future reports for a comprehensive overview of their carbon footprint.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 15% reduction from 2019 🟢 | Achieved ahead in 2020 🟢 |
| Scope2 | 40% reduction from 2019 🟢 | Achieved ahead in 2021 🟢 |
| Scope3 | Not reported ⚠️ | Scope 3 data missing ⚠️ |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: 2019
- Boundary inventory: Malaysia operations
- Gwp basis: Not specified
- Standard: Not specified
- Data collection approach: Not specified
- Third party verification: Internal review by auditors
- Carbon intensity: Not reported ⚠️
Efforts
- 15% Scope 1 reduction 🟢
- 40% Scope 2 reduction 🟢
- 35% waste recycled 🟢
- Solar technology adopted 🌞
- Low carbon steel products 🌱
Social Highlights
- Employees trained on safety 🟢
- Customer satisfaction measured 🟢
- Anti-corruption training 🟢
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable initiative by CHOO BEE METAL INDUSTRIES BHD in integrating sustainability into their corporate governance framework 🟢. The report highlights quantifiable targets such as a 15% reduction in Scope 1 and 40% in Scope 2 emissions from the 2019 baseline, alongside achievements in waste recycling and energy consumption reduction. The adoption of TCFD recommendations and alignment with GRI standards demonstrate a forward-looking approach. However, the report lacks depth in Scope 3 emissions data and third-party verification, which could enhance credibility ⚠️. Additionally, social and governance disclosures are limited, with minimal measurable outcomes for employee and community impact. The company could benefit from incorporating third-party assurance and providing more detailed forward-looking commitments to strengthen stakeholder trust. Overall, this report provides a solid foundation but has room for improvement in completeness and transparency.
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