CB INDUSTRIAL PRODUCT HOLDING BERHAD
Malaysia | 7076.KL | Main
Reference
Report Year: 2023
Source Files: CBIP_AR2023.1.pdf, CBIP_AR2023.2.pdf
Sustainability Committee
Board Sustainability Committee (Members Unknown) 🟢
- Strategic oversight 🟢
- Performance monitoring 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
CB Industrial Product Holding Berhad demonstrates a comprehensive approach to GHG accounting by reporting Scope 1 (94 tCO₂e), Scope 2 (1,031 tCO₂e), and Scope 3 (96 tCO₂e) emissions for FY2023, adhering to the GHG Protocol. The boundary covers operations at PalmitEco Engineering, with emission factors sourced from credible standards like the UK Government and Malaysia’s National Energy Commission. A strength is the inclusion of all three scopes, showing a commitment to transparency. However, the absence of a base year and third-party verification limits the ability to track progress or validate data accuracy. Improvements could include setting a base year for comparison and engaging external auditors to enhance credibility of the reported figures.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 94 tCO₂e 🟢 | |
| Scope2 | 1,031 tCO₂e 🟢 | |
| Scope3 | 96 tCO₂e 🟢 | |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported for energy production. |
Other Details
- Base year: Not specified
- Boundary inventory: Primary activities of PalmitEco Engineering Sdn Bhd, Teluk Panglima Garang, Selangor, Malaysia
- Gwp basis: UK Government GHG Conversion Factor 2023 (Scope 1 & 3), National Energy Commission GEF Malaysia 2021 (Scope 2)
- Standard: GHG Protocol Corporate Accounting and Reporting Standard
- Data collection approach: Internal data collection and monitoring procedures for credibility
- Third party verification: Not specified
- Carbon intensity: Not reported ⚠️
Efforts
- Diesel usage reduced by 0.67% 🟢
- 70.5 tonnes waste managed 🟢
- Adopted eco-friendly technology 🌞
- Electricity conservation measures 🌱
Social Highlights
- 1,078 employees trained 🟢
- 5,903 training hours 🥗
- RM 13,700 community investment 🥗
- 46 new hires 🟢
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable transparency is evident in CB Industrial Product Holding Berhad’s FY2023 sustainability report, with quantifiable metrics such as GHG emissions across all scopes (94 tCO₂e Scope 1, 1,031 tCO₂e Scope 2, 96 tCO₂e Scope 3) and social impact figures like 1,078 employees trained on safety 🟢. The integration of GRI standards and alignment with UN SDGs reflect a structured approach. However, the report lacks forward-looking commitments, such as net-zero targets or specific future goals ⚠️, and does not mention third-party verification for GHG data, which could enhance credibility. While measurable outcomes are present, some areas like carbon intensity and base year data are missing. To improve, the company could incorporate verifiable forward-looking targets and seek external assurance for data accuracy. Overall, the report provides a solid foundation but could benefit from deeper strategic foresight and validation.
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