YONG TAI BERHAD
Malaysia | 7066.KL | Main
Reference
Report Year: 2024
Source Files: YTB_Annual_Report_2024_(Part_1).pdf
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Board Oversight 🟢
- ESG Goals Driven by MRC 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
Yong Tai Berhad demonstrates a commitment to tracking GHG emissions across Scope 1, 2, and 3, aligning with national decarbonization goals. Strengths include a clear ambition to achieve carbon neutrality by 2030 and net zero by 2050, supported by operational boundary tracking. However, the report lacks specific emission figures for 2024, detailed methodologies, or third-party verification, limiting transparency. Improvements are needed in providing quantifiable data, specifying GWP basis and standards, and ensuring external validation to enhance credibility. Addressing these gaps will strengthen stakeholder trust and align reporting with global best practices.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Tracked 🟢 | Specific data for 2024 not provided ⚠️ |
| Scope2 | Tracked 🟢 | Specific data for 2024 not provided ⚠️ |
| Scope3 | Tracked 🟢 | Specific data for 2024 not provided ⚠️ |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Operational Boundary 🟢
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Data collection approach: Internal Tracking 🟢
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Carbon Neutral by 2030 🟢
- Recycling Programs 🟢
- Solar Panels 🌞
- Sustainable Materials 🌱
Social Highlights
- Zero LTIFR 🟢
- RM36,000 Employee Training 🟢
- 39% Women Employees 🟢
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable Framework Adoption by Yong Tai Berhad in their 2024 sustainability report 🟢. The integration of GRI and TCFD frameworks, along with alignment to UN SDGs, provides a strong foundation for ESG reporting. The report highlights forward-looking commitments like achieving carbon neutrality by 2030 and net zero by 2050, which are promising. However, it falls short on quantifiable metrics for GHG emissions and lacks third-party verification, reducing the credibility of claims ⚠️. Many statements, such as 'committed to sustainability,' remain generic without measurable outcomes. To improve, the company should include specific emission data, verify data externally, and provide detailed progress on social initiatives. Overall, the report offers a solid starting point but could benefit from greater depth and transparency to meet global reporting standards.
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