ANN JOO RESOURCES BERHAD
Malaysia | 6556.KL | Main
Reference
Report Year: 2023
Source Files: AJR_-_AR_2023.md
Sustainability Committee
Sustainability Steering Committee (Members Unknown) 🟢
- Supports Board initiatives 🟢
- Manages material matters 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
Ann Joo Resources Berhad has made commendable progress in GHG emissions tracking, reporting a total of 1,014,390.1 tCO₂e in 2023, down from 1,094,678.1 tCO₂e in 2022. The reduction is attributed to renewable energy adoption and cleaner raw materials. Scope 1 and Scope 2 emissions are reported, with Scope 3 partially disclosed, reflecting a gap in comprehensive accounting. Lack of third-party verification limits data credibility. The absence of a specified base year and GWP basis hinders long-term tracking. Improvements could include external assurance, full Scope 3 reporting, and clearer baseline establishment to strengthen alignment with a low-carbon economy transition.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Reported 🟢 | Measured as tCO₂e per litre of fuel consumption. |
| Scope2 | Reported 🟢 | Measured as tCO₂e per kWh of electricity. |
| Scope3 | Partially reported ⚠️ | Limited data on Scope 3 emissions. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Covers Scope 1 and Scope 2 emissions from business operations; Scope 3 partially reported.
- Gwp basis: Not specified
- Standard: ISO 14064-1:2018
- Data collection approach: Internal data collection with comparison to revenue and production output for carbon intensity.
- Third party verification: Not verified ⚠️
- Carbon intensity: Calculated against revenue and production output 🟢
Efforts
- 7.3% reduction 🟢
- 90% recycling target 🟢
- Solar power adoption 🌞
- Hybrid technology adoption 🌱
Social Highlights
- MYR 356,231 community investment 🟢
- 493 employees trained 🟢
- 10,918 man-hours training 🟢
- 431 lives impacted 🟢
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
Report Quality
Commendable initiative by Ann Joo Resources Berhad in presenting a detailed sustainability report for 2023 🟢. The report excels in providing quantifiable metrics, such as a 7.3% reduction in GHG emissions and specific targets like a 90% waste recycling rate. The adoption of frameworks like GRI and TCFD adds credibility to their disclosures. However, generic statements on future plans, such as 'transition to a low-carbon economy,' lack concrete timelines or measurable outcomes in some areas ⚠️. The absence of third-party verification for GHG data and limited Scope 3 reporting are notable gaps. Forward-looking commitments, like achieving carbon neutrality by 2050, are mentioned but need detailed interim targets. To enhance credibility, Ann Joo could incorporate external assurance for emissions data and provide more granular forecasting for ESG goals. Overall, the report lays a solid foundation but would benefit from deeper specificity and validation.
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