XL HOLDINGS BERHAD
Malaysia | 7121.KL | Main
Reference
Report Year: 2024
Source Files: XLHB_-_Annual_Report_2024.pdf
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
Integrated Report, No specific framework mentioned ⚠️
GHG Accounting
XL Holdings Berhad's GHG accounting efforts are significantly underdeveloped. While the company acknowledges its role in contributing to climate change through energy consumption, there is no detailed reporting of Scope 1, 2, or 3 emissions, nor any mention of a base year, boundary, or inventory. Electricity consumption is reported at 1,221.9 MWh, but this is not translated into emissions data. Additionally, there is no mention of standards like GHG Protocol or third-party verification, which limits credibility. The company could improve by establishing a comprehensive GHG inventory, adopting recognized standards, setting reduction targets, and seeking external validation of data to enhance transparency and accountability in its sustainability efforts.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data on Scope 1 emissions provided. |
| Scope2 | Not reported ⚠️ | No data on Scope 2 emissions provided, though electricity consumption reported as 1,221.9 MWh. |
| Scope3 | Not reported ⚠️ | No data on Scope 3 emissions provided. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not reported ⚠️
- Boundary inventory: Not reported ⚠️
- Gwp basis: Not reported ⚠️
- Standard: Not reported ⚠️
- Data collection approach: Not reported ⚠️
- Third party verification: Not reported ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Solar panels installed, 165.1 MWh generated 🌞
- LED lighting adopted 🌱
- Energy-efficient air conditioners 🌱
- Seaweed farming initiated 🌊
Social Highlights
- Job creation via seaweed farming 🥗
- Enhanced food security 🥗
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Initial steps taken by XL Holdings Berhad in sustainability reporting are noted, with efforts like solar panel installation and seaweed farming showing promise 🟢. However, the report lacks depth in quantifiable actions and measurable outcomes ⚠️. GHG emissions data is absent across all scopes, and there are no specific frameworks or third-party validations mentioned. Forward-looking commitments, such as potential seaweed processing and R&D collaborations, are positive but vague without timelines or targets. The report relies on generic statements like 'committed to minimizing carbon footprint' without supporting evidence. To improve, the company should quantify emissions data, adopt recognized reporting standards (e.g., GRI or TCFD), set clear targets, and incorporate third-party verification for credibility. Enhancing social impact metrics would also strengthen the report's overall quality.
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