FARLIM GROUP (MALAYSIA) BHD
Malaysia | 6041.KL | Main
Reference
Report Year: 2023
Source Files: Farlim_AR2023_(Part_1)_Bursa.md
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
Integrated Report, No Specific Framework Mentioned ⚠️
GHG Accounting
FARLIM GROUP's 2023 sustainability report lacks comprehensive GHG accounting. No data is provided for Scope 1, 2, or 3 emissions, base year, boundary, or inventory details. Additionally, there is no mention of standards, GWP basis, data collection approaches, or third-party verification. While the report identifies 'Emissions Management' as a material matter, it fails to provide measurable outcomes or specific metrics. Significant improvement is needed in establishing a structured GHG inventory, adopting recognized standards like GHG Protocol, and ensuring transparency through detailed reporting and verification. Without these, the environmental impact assessment remains incomplete, limiting stakeholder trust and accountability.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data available for Scope 1 emissions. |
| Scope2 | Not reported ⚠️ | No data available for Scope 2 emissions. |
| Scope3 | Not reported ⚠️ | No data available for Scope 3 emissions. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not reported ⚠️
- Boundary inventory: Not reported ⚠️
- Gwp basis: Not reported ⚠️
- Standard: Not reported ⚠️
- Data collection approach: Not reported ⚠️
- Third party verification: Not reported ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- No efforts reported ⚠️
- No efforts reported ⚠️
- No efforts reported ⚠️
- No efforts reported ⚠️
Social Highlights
- Limited data available ⚠️ (No measurable social initiatives mentioned.)
- Limited data available ⚠️ (No measurable social initiatives mentioned.)
- Limited data available ⚠️ (No measurable social initiatives mentioned.)
- Limited data available ⚠️ (No measurable social initiatives mentioned.)
- Limited data available ⚠️ (No measurable social initiatives mentioned.)
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Room for Improvement in FARLIM GROUP's 2023 sustainability report ⚠️. While the report identifies 18 material sustainability topics, including 'Climate Resilience' and 'Biodiversity', it lacks quantifiable actions and measurable outcomes. Generic statements dominate, with minimal evidence of specific metrics or verified data. For instance, while 'Emissions Management' is noted, no GHG data or reduction targets are provided. Forward-looking commitments are vague, with intentions to disclose biodiversity metrics in the future but no concrete timelines or goals 🟢. The integrated report format is a positive step, yet the absence of recognized frameworks like GRI or TCFD limits credibility. To enhance quality, FARLIM should incorporate third-party verification, adopt global reporting standards, and provide detailed, measurable outcomes for environmental and social initiatives. This will strengthen stakeholder trust and accountability.
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