VELOCITY CAPITAL PARTNER BERHAD
Malaysia | 7165.KL | Main
Reference
Report Year: 2024
Source Files: Velocity_Capital_Partner_Berhad_(f.k.a._CSH_Alliance_Berhad)_-_Annual_Report_2024.pdf
Sustainability Committee
ESG Committee Formed 🟢
- Strategy Development 🟢
- Progress Oversight 🟢
Reporting
Bursa Malaysia Guide, Integrated Report 🟢
GHG Accounting
Velocity Capital Partner Berhad's 2024 sustainability report lacks detailed GHG accounting data. There is no reporting on Scope 1, Scope 2, or Scope 3 emissions, nor are base year, boundaries, or verification status specified. While the company highlights operational efficiencies in logistics (e.g., pallet network concept) as a means to reduce environmental impact, quantifiable emission figures are absent. Strengths include a stated intent to lower carbon emissions through optimized logistics, but the absence of measurable data limits transparency. Improvements needed include establishing a GHG inventory, adopting recognized standards like the GHG Protocol, and pursuing third-party verification to enhance credibility. Incorporating these elements would provide stakeholders with a clearer picture of the Group's environmental impact and progress.
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 ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Optimized Logistics 🟢
- Pallet Network Concept 🌞
Social Highlights
- Financing for Underserved 🥗
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: No ongoing litigation 🟢
Report Quality
Commendable initiative by Velocity Capital Partner Berhad in embedding sustainability into their governance framework 🟢. The 2024 integrated report outlines a clear structure with an ESG Committee and Working Group, demonstrating commitment at the strategic level. However, the report falls short on quantifiable actions and measurable outcomes ⚠️, particularly in GHG emissions and social impact metrics. Statements like 'enhancing sustainability by cutting carbon emissions' lack supporting data or specific targets. While forward-looking commitments are mentioned, such as plans for assurance in 2025, the current report relies heavily on generic content without evidence of progress. Improvements could include providing detailed emission data, setting measurable ESG targets, and incorporating third-party verification to build trust. Overall, the report provides a foundation but needs greater depth and specificity to reflect true sustainability performance.
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