MAGNI-TECH INDUSTRIES BERHAD
Malaysia | 7087.KL | Main
Reference
Report Year: 2024
Source Files: Magni_Annual_Report_2024.md
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Strategy formulation support 🟢
- Initiative monitoring 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
MAGNI-TECH INDUSTRIES BERHAD demonstrates a commendable effort in reporting Scope 1 and Scope 2 emissions for FYR 2024, totaling 124.59 tCO₂e and 1,883.90 tCO₂e respectively, with data sourced from electricity and fuel usage at SIG and SIP facilities. The use of IPCC 2006 Guidelines and adherence to the GHG Protocol provide a standardized approach. However, the absence of Scope 3 emissions limits the completeness of the inventory, and there is no mention of third-party verification, which could enhance credibility. Additionally, carbon intensity metrics are missing. To improve, the company should expand reporting to include Scope 3, pursue external verification, and disclose intensity metrics for a more holistic view of its carbon footprint.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 124.59 tCO₂e 🟢 | |
| Scope2 | 1,883.90 tCO₂e 🟢 | |
| Scope3 | Not reported ⚠️ | Scope 3 emissions data not included in the report. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Operational control (SIG and SIP facilities)
- Gwp basis: IPCC 2006 Guidelines
- Standard: GHG Protocol
- Third party verification: Not verified
- Carbon intensity: Not reported ⚠️
Efforts
- 597 tCO₂e reduced via solar at SIG 🟢
- 573 tCO₂e reduced via solar at SIP 🟢
- 433 tonnes recycled 🟢
- Solar PV systems adopted 🌞
- Rainwater harvesting system 🌧️
Social Highlights
- RM0.28M for community relief 🥗
- 3,720 training hours for staff 🟢
- 48% female workforce 🟢
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable foundation in sustainability reporting by MAGNI-TECH INDUSTRIES BERHAD for FYR 2024 🟢. The report provides detailed quantifiable metrics on Scope 1 and Scope 2 emissions, renewable energy adoption (e.g., solar PV systems reducing 1,170 tCO₂e), and waste recycling (433 tonnes). The use of GRI standards adds structure to the disclosure. However, there are notable gaps ⚠️, such as the absence of Scope 3 emissions, third-party verification, and carbon intensity data, which limit the report's comprehensiveness. While forward-looking commitments to net-zero from electricity consumption are mentioned, they lack specific timelines or detailed action plans. Generic statements like 'committed to sustainability' are present without sufficient measurable outcomes to back them. To enhance future reports, the company could incorporate Scope 3 data, pursue external verification, and set clear, time-bound targets for sustainability goals. Overall, a solid start with room for deeper impact.
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