PUNCAK NIAGA HOLDINGS BERHAD
Malaysia | 6807.KL | Main
Reference
Report Year: 2023
Source Files: PUNCAK_-_Annual_Report_2023_-_Cover_page_-_Page_94.pdf
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Strategy oversight 🟢
- Initiative implementation 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
Puncak Niaga's GHG accounting efforts in 2023 are notably underdeveloped. The report lacks specific data on Scope 1, 2, and 3 emissions, with no mention of base years, boundaries, or standards like GHG Protocol or ISO 14064. There is also an absence of third-party verification, which undermines credibility. While the company highlights energy and water usage monitoring, these are not translated into emissions data. A significant gap is the lack of forward-looking targets or commitments to reduce emissions. To improve, Puncak Niaga should establish a clear GHG inventory, adopt international standards, and pursue independent verification to enhance transparency and accountability in its sustainability reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No specific Scope 1 data provided in the report. |
| Scope2 | Not reported ⚠️ | No specific Scope 2 data provided in the report. |
| Scope3 | Not reported ⚠️ | No specific Scope 3 data provided in the report. |
| 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 ⚠️
- Third party verification: Not mentioned ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Limited data ⚠️
- Palm frond recycling 🌱
- Solar power adoption 🌞
- Reduced chemical use 🌱
Social Highlights
- RM257K for communities 🥗
- 603 employees trained 🟢
- 201 local jobs 🥗
- 98.1% satisfaction 🟢
- 22 student internships 🥗
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable intent is evident in Puncak Niaga's 2023 sustainability report, with a structured approach to ESG issues and alignment with GRI standards 🟢. The report highlights quantifiable social impacts, such as RM257,007 invested in community initiatives and training for 603 employees, reflecting a commitment to stakeholder engagement. However, significant gaps exist in environmental reporting, particularly the absence of GHG emissions data and forward-looking commitments like net-zero targets ⚠️. Much of the content on environmental efforts remains generic, lacking measurable outcomes or verification. To strengthen future reports, the company should focus on specific metrics for emissions, incorporate third-party assurance, and outline clear, time-bound sustainability goals. Overall, the report provides a foundation but requires deeper substance to match global reporting expectations.
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