ASTRO MALAYSIA HOLDINGS BERHAD
Malaysia | 6399.KL | Main
Reference
Report Year: 2024
Source Files: Astro_IAR2024_Part_1.pdf, Astro_IAR2024_Part_2.pdf
Sustainability Committee
Sustainability Committee (ESG AMC, Members Unknown) 🟢
- Bi-monthly meetings 🟢
Reporting
FTSE4Good Bursa Malaysia Index, Integrated Report 🟢
GHG Accounting
ASTRO Malaysia Holdings Berhad has outlined a Climate Roadmap targeting carbon neutrality by 2040, with a specific goal to reduce Scope 1 and 2 emissions by 10% by FY26 from an FY20 baseline. However, the report lacks detailed GHG accounting data, including absolute figures for Scope 1, 2, and 3 emissions, as well as specifics on boundary, inventory, and verification processes. This gap limits transparency on their current environmental impact. A key strength is their long-term commitment to decarbonization, but improvements are needed in providing quantifiable data and third-party verification to enhance credibility and track progress effectively.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | Specific Scope 1 data not provided in the report. |
| Scope2 | Not reported ⚠️ | Specific Scope 2 data not provided in the report. |
| Scope3 | Not reported ⚠️ | Specific Scope 3 data not provided in the report. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: FY20 (for reduction targets)
- Boundary inventory: Not specified
- Gwp basis: Not specified
- Standard: Not specified
- Data collection approach: Not specified
- Third party verification: Not mentioned
- Carbon intensity: Not reported ⚠️
Efforts
- 10% reduction target 🟢
- Carbon neutral by 2040 🌞
- Mindful resource use 🌱
Social Highlights
- 20,000 children trained 🟢
- 7,700 PSA hours 🟢
- 2,000 ESG content hours 🟢
- B40 scholarships 🥗
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable vision is evident in ASTRO Malaysia Holdings Berhad’s sustainability report for 2024, with a clear Climate Roadmap aiming for carbon neutrality by 2040 and a 10% reduction in Scope 1 and 2 emissions by FY26 🟢. The report also highlights impactful social initiatives, such as training 20,000 children through Astro Kem Badminton and delivering 7,700 hours of public service announcements. However, the lack of quantifiable GHG data and details on verification processes is a significant gap ⚠️, reducing transparency on environmental impact. Forward-looking commitments are strong, but generic statements like 'committed to a greener planet' lack measurable outcomes. ASTRO could enhance credibility by incorporating third-party verification, detailed emission inventories, and specific progress metrics in future reports. Overall, the report provides a promising foundation but needs deeper data-driven insights to substantiate claims.
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