ORIENTAL INTEREST BERHAD
Malaysia | 5827.KL | Main
Reference
Report Year: 2024
Source Files:
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Strategy oversight 🟢
Reporting
Bursa Malaysia Guide, Integrated Report 🟢
GHG Accounting
Oriental Interest Berhad's GHG accounting in FYE2024 lacks critical data, with no reporting on Scope 1, 2, or 3 emissions. Key elements such as base year, boundary, GWP basis, and standards are undisclosed, limiting transparency. There is also no third-party verification, which undermines credibility. While the company focuses on energy and water intensity, the absence of emissions data is a significant gap. To improve, OIB should establish a GHG inventory, adopt recognized standards like the GHG Protocol, and seek external assurance. Incorporating these elements would enhance accountability and align with industry best practices for environmental impact disclosure.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | Scope 1 emissions data not disclosed in the report. |
| Scope2 | Not reported ⚠️ | Scope 2 emissions data not disclosed in the report. |
| Scope3 | Not reported ⚠️ | Scope 3 emissions data not disclosed 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: Not specified ⚠️
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- No data reported ⚠️
- 0.95 tonnes diverted 🟢
- Solar-ready designs 🌞
- Eco-friendly GGBS concrete 🌱
Social Highlights
- RM705,990 invested 🟢
- 5,248 beneficiaries 🥗
- 156 volunteers 🥗
- 674 hours contributed 🥗
- 75% satisfaction 🟢
Governance
- Salary disclosure: Can’t find ⚠️
Report Quality
Commendable social and environmental efforts are evident in Oriental Interest Berhad’s FYE2024 sustainability report, with quantifiable metrics like RM705,990 invested in community programs and 0.95 tonnes of waste diverted 🟢. The focus on local procurement (100%) and employee training (100% for anti-corruption and data privacy) reflects strong governance. However, the report falls short in GHG emissions disclosure, lacking data on Scope 1, 2, and 3, base year, or verification ⚠️. While forward-looking commitments like solar-ready designs are promising, many environmental claims remain generic without measurable outcomes. To enhance credibility, OIB should prioritize detailed GHG accounting, adopt international frameworks like GRI or TCFD, and seek third-party assurance. Overall, the report provides a solid foundation but could benefit from deeper environmental transparency and specificity in targets.
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