ATLAN HOLDINGS BHD
Malaysia | 7048.KL | Main
Reference
Report Year: 2024
Source Files: Atlan_-_AR_2024_(Part_1).pdf
Sustainability Committee
Sustainability Working Group (Members Unknown) 🟢
- Monitors implementation 🟢
- Facilitates processes 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
Atlan Holdings Bhd demonstrates a foundational approach to GHG accounting by reporting Scope 1, 2, and 3 emissions for FY2024, using 2024 as the base year. The boundary covers group-wide operations, excluding recent acquisitions like Belle Isle Hotels. However, the report lacks absolute emission figures, specific standards (e.g., GHG Protocol), and GWP basis, limiting transparency. No third-party verification is mentioned, which could undermine data credibility. A key strength is their commitment to developing carbon reduction targets, though specifics are pending. Improvements are needed in disclosing detailed emission data, adopting recognized standards, and seeking external verification to enhance reliability and stakeholder trust.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Reported 🟢 | Specific data not provided in absolute terms. |
| Scope2 | Reported 🟢 | Specific data not provided in absolute terms. |
| Scope3 | Reported 🟢 | Specific data not provided in absolute terms. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Base Year: 2024 🟢
- Boundary inventory: Group-wide (excl. recent acquisitions) 🟢
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Data collection approach: Internal tracking 🟢
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Developing targets 🟢
- Biodegradable bags by 2027 🌱
- Solar power adoption 🌞
- Exploring renewables 🌱
Social Highlights
- 30% female employee target 🟢
- 5-8 training hours/employee 🟢
- Zero data breaches 🟢
- Anti-bribery training 🥗
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable foundation in sustainability reporting by Atlan Holdings Bhd for FY2024 🟢. The integrated report aligns with GRI and TCFD frameworks, providing a structured approach to disclosing ESG factors. Strengths include quantifiable targets like a 3% reduction in water and energy intensity by FY2026 and a 30% female employee ratio goal. Forward-looking commitments, such as developing carbon reduction targets and adopting biodegradable packaging by FY2027, are promising. However, the report lacks absolute emission data and third-party verification for GHG accounting, reducing credibility ⚠️. Many statements, such as 'commitment to sustainability,' remain generic without measurable outcomes. Atlan could improve by providing detailed metrics, ensuring external validation, and elaborating on social impact initiatives to strengthen stakeholder trust and transparency.
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