Y&G CORPORATION BHD
Malaysia | 7003.KL | Main
Reference
Report Year: 2023
Source Files: YG_Annual_Report_2023.md
Sustainability Committee
Sustainability Reporting Working Group (SRWG) 🟢
- Identifies key issues 🟢
- Implements initiatives 🟢
- Monitors & reports 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
Y&G Corporation Bhd's GHG accounting in 2023 lacks critical data, with no reporting on Scope 1, 2, or 3 emissions. Key elements such as base year, boundary, GWP basis, and standards are missing, limiting the ability to assess their carbon footprint. While the report highlights energy and water consumption (e.g., 74,173 kWh electricity), it does not translate these into emissions data. No third-party verification is mentioned, reducing credibility. The company should prioritize comprehensive GHG inventory development, adopt recognized standards like GHG Protocol, and seek external assurance to enhance transparency and accountability in future reports.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data on Scope 1 emissions provided. |
| Scope2 | Not reported ⚠️ | No data on Scope 2 emissions provided. |
| Scope3 | Not reported ⚠️ | No data on Scope 3 emissions provided. |
| 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 ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- No data ⚠️
- Recycling campaign 🟢
- LED lighting adopted 🌞
- Digitalization efforts 🌱
Social Highlights
- RM15,734 community investment 🟢
- Beach cleaning initiative 🥗
- Limited data available ⚠️ (Additional social impact metrics not provided.)
- Limited data available ⚠️ (Additional social impact metrics not provided.)
- Limited data available ⚠️ (Additional social impact metrics not provided.)
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable initial steps by Y&G Corporation Bhd in their 2023 sustainability report 🟢, with a clear governance structure through the Sustainability Reporting Working Group and alignment with GRI standards. The report includes some quantifiable data, such as water (14,259 m³) and electricity (74,173 kWh) consumption, and social investments (RM15,734). However, significant gaps exist ⚠️, particularly in GHG emissions accounting, where no Scope 1, 2, or 3 data is provided, and key metrics like base year or verification status are missing. Much of the content remains generic, with statements like 'committed to sustainability' lacking measurable outcomes or forward-looking targets. To improve, the company should incorporate detailed emissions data, adopt third-party verification, and set specific, time-bound goals (e.g., net-zero targets). This would enhance credibility and provide a clearer roadmap for stakeholders.
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