SYARIKAT TAKAFUL MALAYSIA KELUARGA BERHAD
Malaysia | 6139.KL | Main
Reference
Report Year: 2023
Source Files:
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Oversees initiatives 🟢
- Coordinates ESG strategies 🟢
Reporting
Separate Report ⚠️
GHG Accounting
SYARIKAT TAKAFUL MALAYSIA KELUARGA BERHAD's 2023 sustainability report lacks detailed GHG accounting data. There is no reporting on Scope 1, 2, or 3 emissions, nor information on base year, boundary, or third-party verification. While the report acknowledges climate risks and the need for action, it falls short of providing quantifiable metrics or specific reduction targets. A key improvement area is to establish a comprehensive GHG inventory with clear methodologies and standards like the GHG Protocol. Additionally, pursuing third-party verification could enhance credibility. Integrating these elements would strengthen their environmental accountability and align with industry 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
Efforts
- Optimized resource use 🟢
- Eco-friendly processes 🌱
- Green Takaful Products 🌞
Social Highlights
- 1,000 students fed 🥗
- 64 families supported 🥗
- 100 students aided 🥗
- Bakery station setup 🥗
- Limited data available ⚠️ (Additional social impact metrics not provided.)
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable foundation in sustainability governance 🟢. SYARIKAT TAKAFUL MALAYSIA KELUARGA BERHAD's 2023 report demonstrates a structured approach with a dedicated Sustainability Committee and a focus on ESG integration. The social initiatives, such as providing meals to 1,000 students, reflect measurable outcomes and a commitment to community impact. However, the report lacks quantifiable environmental data ⚠️, particularly in GHG emissions accounting, with no metrics for Scope 1, 2, or 3 emissions. Forward-looking commitments, like the 2024 Sustainability Blueprint, are promising but vague without specific targets. Generic statements about climate action lack supporting evidence. To improve, the company should incorporate third-party verification for environmental data, provide detailed emission reduction targets, and expand on measurable outcomes across all ESG pillars. This would elevate the report’s credibility and alignment with global standards.
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