KOSSAN RUBBER INDUSTRIES BHD.
Malaysia | 7153.KL | Main
Reference
Report Year: 2023
Source Files: Kossan_IAR_2023_(Part_1).md, Kossan_IAR_2023_(Part_2).md
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Oversees initiatives 🟢
- Coordinates remediation 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
KOSSAN demonstrates a structured approach to GHG accounting with a digitalized Carbon Intelligence System enhancing data accuracy for Scope 1 and 2 emissions, and partial Scope 3 reporting. Scope 2 emissions are externally assured, reflecting credibility in electricity-related data. However, Scope 3 remains incomplete, missing categories like migrant worker travel. The adoption of GHG Protocol standards and multiple emission factor sources (UK BEIS, US EPA) is a strength. Areas for improvement include full Scope 3 disclosure and verification of Scope 1 and 3 data to bolster transparency. Expanding lifecycle assessments, as planned, will further refine their inventory. Overall, their efforts show commitment but require deeper coverage and assurance for comprehensive climate impact reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Reported 🟢 | Covers stationary and mobile combustion |
| Scope2 | Reported 🟢 | Covers purchased electricity, externally assured |
| Scope3 | Partially reported ⚠️ | Includes business travel, employee commuting, and waste generation; excludes some categories like migrant worker travel |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Covers Gloves and Technical Rubber Products divisions in Malaysia
- Gwp basis: UK BEIS, US EPA, Malaysia Energy Information Hub
- Standard: GHG Protocol
- Data collection approach: Digitalized Carbon Intelligence System for automated calculations and error detection
- Third party verification: Scope 2 verified 🟢
- Carbon intensity: Reported, partially verified 🟢
Efforts
- 11% reduction 🟢
- 58% waste recycled 🟢
- Solar capacity up 36% 🌞
- Sustainable packaging 🌱
Social Highlights
- 122,392 training hours 🟢
- 75 promotions 🟢
- 130 trees planted 🥗
- 310.91kg rubbish collected 🥗
- Community support 🥗
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can’t find ⚠️
Report Quality
Commendable effort by KOSSAN in producing a detailed sustainability report with quantifiable metrics such as an 11% reduction in Scope 1 and 2 emissions and 58% waste recycling 🟢. The integration of digital tools like the Carbon Intelligence System for emissions tracking and external assurance of Scope 2 data reflects a commitment to credibility. Measurable social outcomes, including 122,392 training hours, further enhance the report’s depth. However, generic statements on long-term goals like carbon neutrality by 2050 lack specific interim targets or timelines ⚠️. Forward-looking commitments, such as adopting TCFD recommendations, are noted but need actionable plans. To improve, KOSSAN should incorporate full Scope 3 emissions data, ensure broader third-party verification, and provide detailed forecasts with milestones. Overall, the report provides a solid foundation but could benefit from greater specificity and evidence-backed ambitions.
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