TOP GLOVE CORPORATION BHD
Malaysia | 7113.KL | Main
Reference
Report Year: 2024
Source Files: TopGlove_Sustainability_Report_2024_Part_1.md, TopGlove_Integrated_Annual_Report_2024_Part_1.md, TopGlove_Integrated_Annual_Report_2024_Part_2.md, TopGlove_Sustainability_Report_2024_Part_2.md
Sustainability Committee
Board Sustainability Committee (3 pax) 🟢
- Quarterly meetings 🟢
- Bimonthly SSG meetings 🟢
Reporting
GRI, TCFD, SASB, IFRS S1, IFRS S2, Separate Report 🟢
GHG Accounting
Top Glove demonstrates a strong commitment to GHG accounting with detailed reporting on Scope 1 and Scope 2 emissions for glove manufacturing, achieving a 10% reduction in carbon intensity to 0.0183 tonnes per 1,000 pieces in FY2024. The expansion of Scope 3 reporting to five categories, including purchased goods and services, is a notable strength. Third-party verification by SIRIM QAS International adds credibility to the data. However, the absence of explicit mention of adherence to GHG Protocol or ISO 14064 standards and lack of GWP basis details are gaps. Improvements could include clearer alignment with international standards and comprehensive Scope 3 data to enhance transparency across the supply chain.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Reported 🟢 | |
| Scope2 | Reported 🟢 | |
| Scope3 | 5 categories 🟢 | |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: FY2022 for intensity targets
- Boundary inventory: Glove manufacturing operations for Scope 1 & 2
- Gwp basis: Not specified
- Standard: Not explicitly stated as GHG Protocol or ISO 14064
- Data collection approach: Incorporates latest emission factors
- Third party verification: Verified 🟢
- Carbon intensity: 0.0183 t/1,000 pcs, verified 🟢
Efforts
- 10% reduction 🟢
- 73% waste diverted 🟢
- 572,418 MWh green energy 🌞
- 92% recycled packaging 🌱
Social Highlights
- 16 scholarships 🥗
- 1,756 families supported 🥗
- 371,260 training hours 🥗
- 4,838 volunteer hours 🥗
- RM484,885 to 2,430 beneficiaries 🥗
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can't find ⚠️
Report Quality
Commendable effort by Top Glove in delivering a comprehensive sustainability report for FY2024 🟢. The report excels in providing quantifiable metrics, such as a 10% reduction in carbon intensity and 73% diversion of scheduled waste from landfills, alongside third-party verification by SIRIM QAS International, enhancing credibility. Forward-looking commitments, like achieving Net Zero Carbon by 2050 and the FY2028 Sustainability Blueprint, demonstrate ambition. However, some areas lack depth, with generic statements on environmental stewardship missing detailed action plans ⚠️. The absence of explicit alignment with GHG Protocol or ISO 14064 standards is a gap. To improve, Top Glove could incorporate more granular data on Scope 3 emissions and ensure clearer adherence to global standards. Overall, the report provides a solid foundation but could benefit from deeper specificity and transparency in certain commitments.
Tags:
Looking for ESG Strategy & Improvement?
Disclaimer:
This is AI model generated summary based on certain rules set by Sustify.world perspective. If the reader finds the information is incorrect, they can always approach us by sending email admin@sustify.world.
Need Expert help?
Contact us TODAY for sustainability strategy, reporting, and outsourcing services.