JOE HOLDING BERHAD
Malaysia | 7096.KL | Main
Reference
Report Year: 2024
Source Files: JOE_-_Annual_Report_2024.md
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Board oversight 🟢
- Risk management review 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
JOE Holding Berhad's GHG accounting in 2024 lacks detailed reporting on emissions across all scopes. No data is provided for Scope 1, 2, or 3 emissions, base year, or boundary details, limiting transparency. However, partial third-party verification by CAS Consulting Services on selected indicators like energy management is a positive step. The report mentions a focus on energy and water management but lacks quantifiable metrics or targets. Improvements are needed in providing absolute emission figures, defining boundaries, and adopting a recognized standard like GHG Protocol. Comprehensive verification across all data points would further enhance credibility. The absence of carbon intensity metrics also hinders benchmarking against industry peers.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No specific data on Scope 1 emissions provided. |
| Scope2 | Not reported ⚠️ | No specific data on Scope 2 emissions provided. |
| Scope3 | Not reported ⚠️ | No specific data on Scope 3 emissions provided. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Not specified ⚠️
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Third party verification: Partial verification 🟢
- Carbon intensity: Not reported ⚠️
Efforts
- Energy management focus 🟢
- Water management 🟢
- Not specified ⚠️
- Not specified ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable framework alignment is evident in JOE Holding Berhad’s 2024 sustainability report, with adherence to GRI standards and integration into their annual report 🟢. The oversight by the Board and structured committees reflects a strong governance foundation. However, the report falls short on quantifiable actions and measurable outcomes ⚠️. Generic statements about energy and water management lack specific metrics or targets, such as percentage reductions or absolute figures. Forward-looking commitments are vague, with no clear timelines or net-zero targets mentioned. While partial third-party verification is a strength, it covers only selected indicators. To improve, the company should provide detailed emission data, set measurable ESG goals, and expand verification scope. Incorporating stakeholder feedback more explicitly could also enhance relevance. Overall, the report provides a foundation but needs deeper substance to demonstrate real impact.
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