QL RESOURCES BERHAD
Malaysia | 7084.KL | Main
Reference
Report Year: 2024
Source Files: QL_Resources_Berhad_Integrated_Annual_Report_2024_(Part_1).md, QL_Resources_Berhad_Integrated_Annual_Report_2024_(Part_2).md
Sustainability Committee
Sustainability Steering Committee (SSC) 🟢
- Guides performance 🟢
- Risk integration 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
QL Resources Berhad demonstrates a commitment to GHG emission reduction with a reported 7% decrease in carbon intensity since the 2020 baseline, achieving 34.46 tCO₂e/RM Mil Revenue in FY2024. Scope 1 and Scope 2 emissions are quantified at 36,106 tCO₂e and 117,539 tCO₂e respectively, showing transparency in direct and indirect emissions. However, Scope 3 emissions are not reported, limiting the completeness of the GHG inventory. The absence of third-party verification and unspecified standards (e.g., GHG Protocol) reduces data credibility. Improvement is needed in expanding the inventory to include Scope 3 and seeking external assurance to enhance stakeholder trust. Overall, QL's efforts lay a foundation for climate accountability but require deeper scope and validation.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 36,106 tCO₂e 🟢 | |
| Scope2 | 117,539 tCO₂e 🟢 | |
| Scope3 | Not reported ⚠️ | Scope 3 emissions data not disclosed in the report. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: 2020 (restated to 37.1 tCO₂e/RM Mil Revenue)
- Boundary inventory: Covers all QL companies' operations from 1 April 2023 to 31 March 2024
- Gwp basis: Not specified
- Standard: Not specified
- Third party verification: Not verified
- Carbon intensity: 34.46 tCO₂e/RM Mil Revenue, not verified ⚠️
Efforts
- 7% intensity reduction 🟢
- 202,483 tons diverted 🟢
- Renewable energy adoption 🌞
- 3R principle implemented 🌱
Social Highlights
- Community support 🥗
- Safety training provided 🟢
- 2,800 stakeholders engaged 🟢
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can't find ⚠️
Report Quality
Commendable transparency in QL Resources Berhad's 2024 Integrated Annual Report, with quantifiable metrics such as a 7% reduction in GHG emission intensity and detailed waste management data (202,483 tons diverted) 🟢. The report aligns with the GRI framework, providing a structured approach to sustainability disclosure. However, gaps exist in Scope 3 emission reporting and the lack of third-party verification, which impacts data reliability ⚠️. While forward-looking commitments like a 20% GHG intensity reduction by 2026 are noted, more specific interim targets and measurable outcomes for social initiatives would strengthen credibility. Generic statements on 'responsible practices' lack supporting evidence in some areas. QL could benefit from external assurance, broader GHG inventory coverage, and deeper social impact metrics to elevate the report's robustness. Overall, a solid foundation with room for enhancement.
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