CLASSITA HOLDINGS BERHAD
Malaysia | 7154.KL | Main
Reference
Report Year: 2024
Source Files: Classita2024-AR_Final.md
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Sets targets & monitors 🟢
- Implements initiatives 🟢
Reporting
Bursa Malaysia Guide, UNSDGs, UNGC, Integrated Report 🟢
GHG Accounting
Classita Holdings Berhad's GHG accounting efforts in FY2024 are notably limited, with no reporting on Scope 1, 2, or 3 emissions. The absence of data on base year, boundary, GWP basis, or standards hinders a comprehensive assessment of their carbon footprint. While the report mentions a limited assurance exercise on selected indicators by an independent auditor, this does not extend to GHG emissions. Energy consumption data is provided (1,318,031 kWh), but it is not translated into emissions. A key improvement area is to establish a robust GHG inventory with clear scopes and third-party verification. Additionally, adopting international standards like the GHG Protocol would enhance credibility and align with global best practices.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data on Scope 1 emissions provided. |
| Scope2 | Not reported ⚠️ | No data on Scope 2 emissions provided. |
| 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 specified
- Boundary inventory: Not specified
- Gwp basis: Not specified
- Standard: Not specified
- Data collection approach: Not specified
- Third party verification: Limited assurance on selected indicators by Kloo Point Risk Management Services Sdn Bhd
- Carbon intensity: Not reported ⚠️
Efforts
- No reduction efforts ⚠️
- Exploring fabric waste diversion 🟢
- No tech adoption ⚠️
- Using organic materials 🌱
Social Highlights
- 382 employees trained on anti-corruption 🟢
- 2,873 training hours 🟢
- Employed underprivileged groups 🥗
- Blood donation for 114 patients 🥗
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable foundation in Classita Holdings Berhad’s FY2024 sustainability report, with a clear commitment to ESG principles 🟢. The report includes quantifiable metrics such as energy consumption (1,318,031 kWh), water usage (69,796 m³), and training hours (2,873), which provide a measurable basis for assessing performance. Social initiatives like blood donation campaigns and inclusive employment are positive highlights 🟢. However, the report falls short on GHG emissions data and lacks forward-looking commitments like net-zero targets ⚠️. Much of the content remains generic, with statements like 'committed to sustainable practices' unsupported by detailed outcomes or plans. To improve, the company should incorporate GHG inventory reporting, adopt international frameworks like GRI or TCFD, and set specific, time-bound targets. Enhancing third-party verification across all metrics would also boost credibility. Overall, a solid start but with room for deeper substance.
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