AEON CO. (M) BHD
Malaysia | 6599.KL | Main
Reference
Report Year: 2023
Source Files:
Sustainability Committee
Sustainability and Risk Management Committee (SRMC) 🟢
- Oversees ESG strategies 🟢
- Regular meetings 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
AEON CO. (M) BHD demonstrates a commitment to reducing its carbon footprint with a reported 51% emission intensity reduction in 2023 compared to the 2019 baseline, aligning with its carbon-neutral goal by 2040. The company supports renewable energy through solar PV installations and GET subscriptions. However, absolute GHG data for Scope 1 and 2 is not provided, limiting transparency. Scope 3 reporting is restricted to business travel and commuting, missing broader value chain impacts. No third-party verification is mentioned, which could enhance credibility. Improvements include disclosing absolute emission figures, expanding Scope 3 assessment, and pursuing external validation of data.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not specified ⚠️ | Absolute Scope 1 data not reported in absolute terms |
| Scope2 | Not specified ⚠️ | Absolute Scope 2 data not reported in absolute terms |
| Scope3 | Limited (travel & commuting) ⚠️ | Scope 3 data limited to business travel and commuting; full value chain not assessed |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: 2019
- Boundary inventory: Operational control for Scope 1 and 2; limited Scope 3 (business travel and employee commuting)
- Gwp basis: Not specified
- Standard: Not specified
- Data collection approach: Not specified
- Third party verification: Not verified ⚠️
- Carbon intensity: 0.1 tCO2e/MWh increase ⚠️
Efforts
- 51% intensity reduction 🟢
- Solar PV systems 🌞
- EV charging stations ⚡
- 11% recycling rate 🟢
Social Highlights
- 40% women on Board 🟢
- 58% women in leadership 🟢
- 184 PWD staff hired 🟢
- RM1.1M community investment 🥗
- 29 training hours/employee 🟢
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable efforts by AEON CO. (M) BHD in integrating sustainability into its operations, with quantifiable metrics such as a 51% emission intensity reduction and an 11% recycling rate 🟢. The report highlights forward-looking commitments like carbon neutrality by 2040 and a 30% electricity reduction by 2030, which provide clear direction. However, key gaps exist in absolute GHG data reporting for Scope 1 and 2, limiting transparency ⚠️. Scope 3 coverage is narrow, and the absence of third-party verification reduces credibility. While social initiatives like women representation (40% on Board) and community investment (RM1.1M) are well-documented, governance disclosures lack depth on executive remuneration. The report could benefit from absolute emission figures, broader Scope 3 data, and external validation to strengthen trust and accountability.
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