WONG ENGINEERING CORPORATION BERHAD
Malaysia | 7050.KL | Main
Reference
Report Year: 2024
Source Files: WEC-Annual_Report_2024.pdf
Sustainability Committee
Sustainability Committee (3 pax) 🟢
- 2 meetings 🟢
- Reviewed strategies 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
Wong Engineering Corporation Berhad has initiated steps toward GHG accounting by committing to disclose emissions data in FY2025, as mentioned in their 2024 report. However, no specific data on Scope 1, 2, or 3 emissions is currently available, which limits the transparency of their carbon footprint. The absence of a defined base year, boundary, or standard (e.g., GHG Protocol) further hinders a comprehensive assessment. While the report is prepared to be assurance-ready, the lack of third-party verification is a notable gap. The company shows intent to improve by aligning with frameworks like TCFD, but actionable metrics are needed. A key improvement would be to expedite emissions disclosure and adopt a recognized standard for consistency and credibility.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | Emission data to be disclosed in FY2025 ⚠️ |
| Scope2 | Not reported ⚠️ | Emission data to be disclosed in FY2025 ⚠️ |
| Scope3 | Not reported ⚠️ | Emission data to be disclosed in FY2025 ⚠️ |
| 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
- Energy reduced by 19.8% 🟢
- Waste management 🟢
- Energy-saving tech 🌞
- Solar studies 🌱
Social Highlights
- 90.9% employees trained 🟢
- 2,800+ training hours 🟢
- Turnover reduced by 33% 🟢
- 64% women in executive roles 🟢
- Community support 🥗
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable Foundation in sustainability reporting by Wong Engineering Corporation Berhad for 2024 🟢. The integrated report aligns with recognized frameworks like GRI and TCFD, providing a structured approach to ESG disclosure. Quantifiable actions, such as a 19.8% reduction in energy consumption and 90.9% employee training on health and safety, demonstrate measurable outcomes that add credibility. However, the absence of GHG emissions data and third-party verification is a significant gap ⚠️, limiting transparency on environmental impact. Forward-looking commitments, like disclosing emissions in FY2025, are promising but lack specificity in timelines and targets. Generic statements about 'sustainability commitment' could be strengthened with more evidence-based metrics. The company could benefit from expediting emissions reporting, obtaining assurance, and setting clear, time-bound goals to enhance accountability and stakeholder trust.
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