PHARMANIAGA BERHAD
Malaysia | 7081.KL | Main
Reference
Report Year: 2023
Source Files: PHARMANIAGA_IR2023_PART_1.pdf, PHARMANIAGA_IR2023_PART_2.pdf
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Oversight by Board 🟢
- Policy Implementation 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
Pharmaniaga's GHG accounting shows a commitment to reducing emissions, with a reported carbon intensity of 10.56 tCO₂e/RM Million in 2023, down from 13.30 in 2019. The company has achieved a 4.92% reduction in GHG emissions against the 2019 baseline through renewable energy and energy efficiency initiatives. However, absolute Scope 1 and Scope 2 data are not clearly detailed, and Scope 3 emissions are entirely unreported, limiting the comprehensiveness of the inventory. The lack of third-party verification further reduces credibility. Improvements could include detailed absolute emission figures, Scope 3 inclusion, and external assurance to enhance transparency and accountability in line with global standards.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not specified ⚠️ | Absolute Scope 1 data not reported in detail. |
| Scope2 | Not specified ⚠️ | Absolute Scope 2 data not reported in detail. |
| Scope3 | Not reported ⚠️ | Scope 3 emissions not included in the report. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: 2019
- Boundary inventory: Operational control (Malaysia and Indonesia operations)
- Gwp basis: Not specified
- Standard: Not specified
- Data collection approach: Energy consumption and waste management tracking
- Third party verification: Not verified
Efforts
- 4.92% reduction 🟢
- 157.81 tCO₂e avoided 🟢
- 29.15% waste recycled 🟢
- Solar Project 🌞
- Electric Vehicles ⚡
Social Highlights
- 99.7% local employees 🟢
- 23 training hours 🟢
- 80.2% local procurement 🟢
- 1,000 trees planted 🌳
- 11 new products 🟢
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can’t find ⚠️
Report Quality
Commendable foundation in Pharmaniaga’s 2023 sustainability report with clear integration of ESG principles into business strategy 🟢. The report highlights quantifiable actions such as a 4.92% GHG emission reduction and 29.15% increase in waste recycling, alongside initiatives like the Solar Project and electric vehicle adoption. However, critical gaps exist, including the absence of detailed absolute Scope 1 and 2 emissions and no Scope 3 reporting ⚠️. The lack of third-party verification further undermines data credibility. While forward-looking commitments like net-zero by 2050 are mentioned, they lack specific interim targets or detailed plans. Generic statements about 'sustainability commitment' are present without sufficient measurable outcomes. The report could benefit from enhanced transparency through detailed emission data, external assurance, and clearer forecasting to strengthen stakeholder trust and align with global standards.
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