ORIENTAL FOOD INDUSTRIES HOLDINGS BERHAD
Malaysia | 7107.KL | Main
Reference
Report Year: 2024
Source Files: OFI_-_Annual_Report_2024_(Amended).md, OFI_-_Annual_Report_2024.md
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Oversees implementation 🟢
Reporting
Integrated Report, No Specific Framework Mentioned ⚠️
GHG Accounting
OFIH Group's GHG accounting in the 2024 report lacks critical data, with no reporting of Scope 1, 2, or 3 emissions. There is no mention of a base year, boundary, inventory, or adherence to standards like GHG Protocol or ISO 14064. Additionally, third-party verification is not indicated, reducing credibility. While the report highlights energy consumption (18,154 MW) and water usage (131.38 ML), these are not linked to emissions data. A key improvement area is to establish a comprehensive GHG inventory with absolute emissions figures, adopt a recognized framework, and pursue verification to enhance transparency and accountability in environmental impact reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | Scope 1 emissions data not provided. |
| Scope2 | Not reported ⚠️ | Scope 2 emissions data not provided. |
| Scope3 | Not reported ⚠️ | Scope 3 emissions data not provided. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
Efforts
- Natural gas adoption 🟢
- Waste minimization 🟢
- Solar energy adoption 🌞
- Sustainable procurement 🌱
Social Highlights
- MYR 37,350 community investment 🟢
- 12 beneficiaries supported 🟢
- 21 employees trained 🟢
- 1,358 training hours 🟢
- Old folks homes support 🥗
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable intent is evident in OFIH Group's 2024 sustainability report, with a clear focus on environmental and social initiatives 🟢. The inclusion of quantifiable metrics, such as MYR 37,350 community investment and 18,154 MW energy consumption, adds credibility to their efforts. However, the report falls short in key areas, notably GHG emissions reporting, lacking data on Scope 1, 2, and 3 emissions, base years, or third-party verification ⚠️. Forward-looking commitments are vague, with no specific targets like net-zero timelines. Social and governance disclosures are stronger, with detailed diversity and anti-corruption training data. To improve, OFIH should adopt a recognized reporting framework (e.g., GRI), provide absolute emissions data, and set measurable future goals. This would transform a foundational report into a robust tool for stakeholder trust and accountability.
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