ASTRAL ASIA BERHAD
Malaysia | 7054.KL | Main
Reference
Report Year: 2023
Source Files: Annual_Report_2023.pdf
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Reviewed sustainability risks 🟢
- Reported to Audit Committee 🟢
Reporting
Integrated Report, No Specific Framework Identified ⚠️
GHG Accounting
Astral Asia Berhad has initiated GHG accounting by establishing a baseline for Scope 1 and Scope 2 emissions in 2023, with targets to reduce emissions by 10% by 2030 and achieve carbon neutrality by 2050. However, specific emission figures, data collection approaches, and third-party verification are missing, limiting transparency. Scope 3 emissions are not reported, and despite mentions of exploring biomass energy, biogenic emissions are not included in the inventory, which is a significant gap. The company should focus on detailed reporting of absolute emissions, include Scope 3 and biogenic emissions, and pursue third-party verification to enhance credibility.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Baseline (2023) 🟢 | Specific emission data not provided. |
| Scope2 | Baseline (2023) 🟢 | Specific emission data not provided. |
| Scope3 | Not reported ⚠️ | Scope 3 emissions not mentioned in the report. |
| Biogenic emissions | Not reported despite biomass usage ⚠️ | Biomass energy exploration mentioned, but emissions not accounted. |
Other Details
Efforts
- 10% reduction target by 2030 🟢
- Exploring biomass energy 🌱
- Waste management measures 🟢
Social Highlights
- LTIR at 0.43 🟢
- 1 workplace fatality 🔴
- Health & safety training 🥗
- Worker incentive programs 🥗
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
Report Quality
Commendable initial steps by Astral Asia Berhad in integrating sustainability into their 2023 report 🟢. The establishment of a baseline for Scope 1 and 2 emissions and setting reduction targets (10% by 2030) demonstrate a commitment to environmental accountability. Social metrics like LTIR at 0.43 and health & safety training are positive highlights 🟢. However, the report lacks depth in quantifiable outcomes and third-party verification for GHG data ⚠️. Generic statements on governance and compliance are present but lack measurable evidence. Forward-looking commitments like carbon neutrality by 2050 are noted, yet without detailed plans, they remain aspirational. The company could improve by incorporating specific emission figures, Scope 3 and biogenic emissions data, and clearer governance disclosures. Overall, a solid foundation, but greater specificity and validation are needed for credibility.
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