INNOPRISE PLANTATIONS BERHAD
Malaysia | 6262.KL | Main
Reference
Report Year: 2023
Source Files: IPB_AR_2023.md
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Board oversight 🟢
- Dedicated Sustainability Manager 🟢
Reporting
GRI, Bursa Malaysia Guide, FTSE4Good 🟢, Integrated Report 🟢
GHG Accounting
INNOPRISE PLANTATIONS BERHAD demonstrates a commitment to GHG accounting by reporting Scope 1 emissions from mobile combustion and initiating Scope 3 tracking for employee commuting and business travel in 2023. A notable strength is the use of biomass and biogas plants for electricity, resulting in no Scope 2 emissions. However, the absence of biogenic emissions reporting despite biomass usage is a gap, as is the lack of third-party verification and a clear GHG standard. Improvements are needed in comprehensive Scope 3 coverage and verification of data. Including biogenic emissions in the GHG inventory and adopting a recognized standard like GHG Protocol would enhance credibility and transparency in their climate impact assessment.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Reported 🟢 | From mobile combustion (vehicles and equipment) |
| Scope2 | Not applicable → | Electricity from biomass/biogas plants, no grid usage |
| Scope3 | Partially reported ⚠️ | Limited to employee commuting and business travel |
| Biogenic emissions | Not reported despite biomass usage ⚠️ | Biomass used for energy, but emissions not included in GHG inventory |
Other Details
- Base year: Not specified
- Boundary inventory: Operational control (plantations and mills)
- Carbon intensity: Not reported ⚠️
Efforts
- Biogas generator for energy 🟢
- 1M tree planting target 🌳
- 360 kg waste recycled 🟢
- 100% biomass repurposed 🟢
- Solar panels for lighting 🌞
- Organic fertilizer from waste 🌱
Social Highlights
- 9,000+ training hours 🟢
- RM283,500 community investment 🥗
- 15 organizations supported 🥗
- 3,807 employees trained on safety 🟢
- Zero fatalities 🟢
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable Effort by INNOPRISE PLANTATIONS BERHAD in their 2023 integrated sustainability report 🟢. The report provides a solid foundation with quantifiable actions such as recycling 360 kg of waste, repurposing 100% of biomass waste, and setting a target to plant 1 million trees by 2027. Measurable outcomes are evident in social metrics like 9,000+ training hours and zero fatalities. However, there are gaps in GHG accounting, notably the absence of biogenic emissions data despite biomass usage and lack of third-party verification ⚠️. Forward-looking commitments like reforestation targets are promising, but generic statements on sustainability lack depth without detailed action plans. To improve, the company should incorporate third-party verification, report biogenic emissions, and provide clearer timelines for environmental targets. Overall, a good start with room for enhanced transparency and specificity.
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