XIN SYNERGY GROUP BERHAD
Malaysia | 7043.KL | Main
Reference
Report Year: 2024
Source Files: Xin_Synergy_-_Annual_Report_2024.md
Sustainability Committee
Sustainability Working Group (Members Unknown) 🟢
- Materiality Assessment 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
Xin Synergy Group Berhad's sustainability report for FY 2024 lacks detailed GHG accounting. There is no data on Scope 1, Scope 2, or Scope 3 emissions, nor information on base year, boundary, or standards used. The absence of third-party verification further limits credibility. While the report mentions environmental conservation efforts, it fails to provide measurable outcomes or specific metrics. A key improvement area is to establish a comprehensive GHG inventory with absolute emission figures and adopt recognized standards like the GHG Protocol. Additionally, seeking external assurance would enhance transparency and reliability of disclosures. The current reporting offers a foundation but needs significant enhancement to meet stakeholder expectations for environmental accountability.
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
Efforts
- No specific efforts ⚠️
- No specific efforts ⚠️
- No specific adoption ⚠️
- No specific changes ⚠️
Social Highlights
- Talent Development 🟢
- Employee Welfare 🟢
- Community Donations 🥗
- Limited data available ⚠️ (Insufficient measurable social impact data.)
- Limited data available ⚠️ (Insufficient measurable social impact data.)
Governance
- Salary disclosure: Can’t find ⚠️
Report Quality
Room for Improvement in Xin Synergy Group Berhad’s FY 2024 sustainability report. The report demonstrates a commitment to sustainability through adherence to GRI Standards and integration with financial reporting 🟢. However, it falls short in providing quantifiable actions and measurable outcomes, particularly in environmental metrics like GHG emissions and waste reduction ⚠️. Vague references to environmental conservation and social initiatives lack specific data or impact numbers, limiting the report’s depth. Forward-looking commitments are mentioned but not detailed with clear targets or timelines. To enhance credibility, the company should include specific metrics (e.g., emission reductions in tCO₂e), seek third-party verification, and outline actionable future plans. While the foundation is promising, greater transparency and evidence-based reporting are needed to meet stakeholder expectations.
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