NEW HOONG FATT HOLDINGS BERHAD
Malaysia | 7060.KL | Main
Reference
Report Year: 2023
Source Files: NHFatt_Annual_Report_2023.md
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
Bursa Securities Guide, Integrated Report 🟢
GHG Accounting
The sustainability report of NEW HOONG FATT HOLDINGS BERHAD for 2023 lacks detailed GHG accounting. There is no data on Scope 1, Scope 2, or Scope 3 emissions, nor information on base year, boundary, or inventory. Key elements such as GWP basis, data collection approach, and adherence to standards like GHG Protocol are absent. Additionally, third-party verification is not mentioned, which impacts credibility. A positive note is the intent to conduct an internal review by auditors in FY2024, which could lay the groundwork for improvement. The company should prioritize establishing a comprehensive GHG inventory, adopting recognized standards, and seeking external verification to enhance transparency and accountability in future reports.
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
Social Highlights
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Room for Improvement in Sustainability Reporting ⚠️. The 2023 Sustainability Statement of NEW HOONG FATT HOLDINGS BERHAD provides a basic overview of its commitment to sustainability across economic, environmental, and social pillars. However, the report lacks quantifiable actions and measurable outcomes, relying heavily on generic statements such as 'commitment to operating responsibly' without supporting data or specific metrics. There is no mention of forward-looking commitments like net-zero targets or detailed plans for sustainability enhancement. A positive aspect is the intent to conduct an internal review in FY2024 🟢, which could improve future reporting. To strengthen credibility, the company should incorporate specific, verifiable metrics (e.g., emission reductions, social impact numbers), adopt globally recognized frameworks like GRI or TCFD, and ensure third-party verification. Providing clearer governance disclosures would also enhance transparency.
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