FIAMMA HOLDINGS BERHAD
Malaysia | 6939.KL | Main
Reference
Report Year: 2023
Source Files: Fiamma_Holdings_Berhad_AR2023.md
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Materiality assessment 🟢
- Annual RMC review 🟢
Reporting
Bursa Malaysia Listing Requirements, Integrated Report 🟢
GHG Accounting
Fiamma Holdings Berhad demonstrates a commendable start in GHG accounting by reporting Scope 1 (74.92 tCO₂e), Scope 2 (720.52 tCO₂e), and partial Scope 3 emissions (1,500.53 tCO₂e) for FPE2023, using Peninsular Malaysia’s Grid Emission Factor. Data is collected from fuel and electricity records, covering trading, services, and property segments. However, lack of third-party verification and an unspecified GHG standard (e.g., GHG Protocol) limit credibility. Scope 3 reporting, while present, lacks completeness beyond business travel and commuting. Improvement is needed in adopting a recognized standard, expanding Scope 3 inventory, and engaging external assurance to enhance data reliability. Establishing carbon intensity metrics would also provide deeper insights into efficiency.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 74.92 tCO₂e 🟢 | |
| Scope2 | 720.52 tCO₂e 🟢 | |
| Scope3 | 1,500.53 tCO₂e 🟢 | Includes business travel and employee commuting |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: 2022
- Boundary inventory: Operational control across trading, services, and property development segments
- Gwp basis: Peninsular Malaysia Grid Emission Factor (0.758 Gg CO2e/GWh for FY2021)
- Standard: Not specified
- Carbon intensity: Not reported ⚠️
Efforts
- Energy-efficient products 🟢
- 80.9 tonnes recycled 🟢
- Paperless operations 🌞
- 24% local sourcing 🌱
Social Highlights
- 296 employees trained 🟢
- 3,710 training hours 🟢
- RM10,000 community investment 🥗
- 4 employees safety trained 🟢
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable foundation in sustainability reporting by Fiamma Holdings Berhad 🟢. The integrated report for FPE2023 provides quantifiable metrics such as GHG emissions (795.45 tCO₂e for Scope 1 & 2), waste recycling (80.9 tonnes), and training hours (3,710 hours), reflecting a data-driven approach. However, the absence of third-party verification and limited forward-looking commitments (e.g., net-zero targets) are notable gaps ⚠️. While efforts like energy-efficient products and local sourcing are highlighted, generic statements on environmental protection lack specific outcomes or timelines. To strengthen credibility, the company should incorporate external assurance, adopt globally recognized frameworks like GRI or TCFD, and outline measurable future goals. Enhancing Scope 3 reporting and carbon intensity metrics would also elevate the report’s depth and usefulness for stakeholders.
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