PRG HOLDINGS BERHAD
Malaysia | 7168.KL | Main
Reference
Report Year: 2023
Source Files: PRG_Annual_Report_2023_-_Part_2.md, PRG_Annual_Report_2023_-_Part_3.md
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Oversees ESG initiatives 🟢
Reporting
TCFD, Bursa Malaysia Guide, Integrated Report 🟢
GHG Accounting
PRG Holdings Berhad demonstrates a commitment to GHG accounting by reporting Scope 1 and Scope 2 emissions, totaling 4,835 tCO₂e in FY2023, with a 3% reduction compared to FY2022. Strengths include detailed breakdowns of Scope 1 (15%) and Scope 2 (85%) emissions and transparency in emission factors used. However, Scope 3 emissions are not yet reported, though planned for future inclusion, which limits the comprehensiveness of their carbon footprint. The lack of third-party verification and carbon intensity metrics are notable gaps. Improvements could include accelerating Scope 3 reporting, seeking external assurance for data credibility, and disclosing carbon intensity to benchmark performance. Overall, PRG shows a promising start but needs deeper granularity and validation in GHG accounting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 726 tCO₂e (15% of total) 🟢 | |
| Scope2 | 4,109 tCO₂e (85% of total) 🟢 | |
| Scope3 | Not reported ⚠️ | Scope 3 reporting to be initiated in upcoming year |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Operational control
- Gwp basis: UK Government GHG Conversion Factors (Scope 1), CDM Electricity Baseline for Malaysia (Scope 2)
- Standard: Not specified
- Data collection approach: Direct measurement for fuel and electricity consumption
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- 3% GHG reduction 🟢
- 41.6% energy reduction (project) 🟢
- Waste management system 🟢
- Energy-efficient upgrades 🌞
- Recycled packaging exploration 🌱
Social Highlights
- Safe working environment 🟢
- Employee training programs 🟢
- Emergency Response Team 🟢
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable foundation in sustainability reporting by PRG Holdings Berhad 🟢. The 2023 integrated report showcases quantifiable actions, such as a 3% reduction in GHG emissions and a 41.6% energy reduction in specific projects, reflecting a data-driven approach. The adoption of TCFD recommendations and alignment with Bursa Malaysia guidelines demonstrate a structured framework. However, measurable outcomes are limited ⚠️, with gaps in third-party verification and Scope 3 emissions reporting. Forward-looking commitments, like initiating Scope 3 next year, are positive but lack detailed targets (e.g., net-zero timelines). Generic statements, such as 'commitment to sustainability,' need more evidence through metrics. Improvements could include external assurance for credibility, comprehensive Scope 3 data, and clearer long-term goals. Overall, the report provides a solid base but would benefit from deeper specificity and validation to enhance stakeholder trust.
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