KUMPULAN FIMA BERHAD
Malaysia | 6491.KL | Main
Reference
Report Year: 2024
Source Files: KFIMA_AR_2024_part_1.md, KFIMA_AR_2024_part_2.md
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Monitors strategy execution 🟢
- Regular updates to ARC 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
KUMPULAN FIMA BERHAD's GHG accounting efforts are limited in the 2024 report. While the company acknowledges climate risks and mentions initiatives like renewable energy adoption (e.g., solar power, biodiesel), specific emissions data for Scope 1, Scope 2, and Scope 3 are not provided. There is no mention of a base year, boundary, GWP basis, or third-party verification, which hinders a comprehensive assessment. Strengths include alignment with TCFD and a focus on resource efficiency. However, the lack of quantifiable emissions data and verification is a significant gap. Improvements needed include detailed GHG inventory reporting, adoption of a recognized standard like GHG Protocol, and engaging third-party verification to enhance credibility.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not specified ⚠️ | Scope 1 emissions data not detailed in report ⚠️ |
| Scope2 | Not specified ⚠️ | Scope 2 emissions data not detailed in report ⚠️ |
| Scope3 | Not reported ⚠️ | Scope 3 emissions not reported ⚠️ |
| 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 mentioned ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Renewable energy adoption 🟢
- Waste management practices 🟢
- Solar power utilization 🌞
- Sustainable agriculture 🌱
Social Highlights
- 524 employees trained on safety 🟢
- MYR 482K community investment 🟢
- 189 beneficiaries 🥗
- 16,992 training hours 🟢
- Limited data available ⚠️ (Additional social impact metrics not reported ⚠️)
Governance
- Salary disclosure: Can't find ⚠️
Report Quality
Commendable framework alignment is evident in KUMPULAN FIMA BERHAD's 2024 sustainability report, with integration of GRI and TCFD standards and a clear focus on materiality assessments 🟢. The report provides quantifiable data on social initiatives, such as training hours (16,992 hours) and community investment (MYR 482,424), which reflect measurable outcomes. However, there are significant gaps in GHG emissions reporting, with no specific data on Scope 1, 2, or 3 emissions, and a lack of third-party verification ⚠️. Forward-looking commitments, such as net-zero targets, are also absent. While the report outlines broad sustainability strategies, it often relies on generic statements like 'commitment to sustainability' without supporting evidence. To improve, the company should incorporate detailed emissions data, pursue third-party verification, and include specific future targets. Overall, the report offers a solid foundation but needs deeper quantitative insights to enhance credibility.
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