CHUAN HUAT RESOURCES BHD
Malaysia | 7016.KL | Main
Reference
Report Year: 2024
Source Files: CHRB_AR2024.md
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
Bursa Malaysia Guide, Integrated Report 🟢
GHG Accounting
CHRB's GHG accounting in 2024 is notably underdeveloped, with no data on Scope 1, 2, or 3 emissions, base year, or inventory boundaries. The report lacks critical details such as GWP basis, standards, or data collection methods, and there is no third-party verification, as explicitly stated. While the company expresses a commitment to reducing its carbon footprint through energy efficiency and logistics optimization, the absence of measurable emission figures limits the credibility of these efforts. A key improvement area is to establish a comprehensive GHG inventory with absolute emission data and adopt recognized standards like the GHG Protocol. Additionally, engaging third-party verification would enhance transparency and trust in reported figures, aligning CHRB with industry best practices for environmental accountability.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data provided in the report. |
| Scope2 | Not reported ⚠️ | No data provided in the report. |
| Scope3 | Not reported ⚠️ | No data provided in the report. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
Efforts
- Optimized logistics 🟢
- Solar panels (550 kWh) 🌞
- Energy-efficient upgrades ⚡
- Waste reduction efforts 🗑️
Social Highlights
- MYR 20,000 community investment 🟢
- 120 beneficiaries 🟢
- 50 employees trained on safety 🟢
- 5,724 training hours (management) 🟢
- Donations to welfare groups 🥗
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable initiative by CHRB in presenting an integrated sustainability report for 2024, with a clear focus on economic, environmental, and social (EES) pillars 🟢. The report includes quantifiable actions such as a MYR 20,000 community investment and a 550 kWh solar installation, demonstrating tangible efforts. However, the lack of specific GHG emission data and third-party verification undermines the credibility of environmental claims ⚠️. Measurable outcomes are limited, especially in carbon accounting, where vague commitments like 'reducing carbon footprint' lack supporting metrics. Forward-looking commitments are also minimal, with no clear targets like net-zero timelines. While stakeholder engagement and social initiatives are well-documented, the report could benefit from incorporating absolute emission figures, adopting global frameworks like GRI or TCFD, and engaging external assurance to enhance transparency. This would elevate CHRB's sustainability reporting to align with industry standards.
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