LFE CORPORATION BERHAD
Malaysia | 7170.KL | Main
Reference
Report Year: 2023
Source Files: LFE-Annual_Report_2023.md
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
Reporting
Integrated Report →
GHG Accounting
LFE Corporation Berhad's 2023 sustainability report lacks comprehensive data on GHG emissions. No Scope 1, 2, or 3 emissions are reported, and critical details such as base year, boundary, GWP basis, and verification status are absent. While the report mentions energy consumption (21 MW), it does not translate this into emissions data. Significant improvements are needed, including establishing a GHG inventory, adopting a recognized standard like the GHG Protocol, and ensuring third-party verification for credibility. Addressing these gaps will enhance transparency and align LFE with best practices in sustainability reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data available on Scope 1 emissions ⚠️ |
| Scope2 | Not reported ⚠️ | No data available on Scope 2 emissions ⚠️ |
| Scope3 | Not reported ⚠️ | No data available on Scope 3 emissions ⚠️ |
| 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 ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Recycling initiatives 🟢
- Paperless initiatives 🌱
Social Highlights
- MYR 30,000 for community 🥗
- 4 initiatives supported 🥗
- 22 employees trained 🟢
- 139 training hours 🟢
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Appreciable Effort with Room for Growth 🟢. LFE Corporation Berhad's 2023 sustainability report demonstrates a commitment to integrating sustainability into operations, with notable efforts in community investment (MYR 30,000) and employee training (139 hours). The inclusion of performance data from Bursa ESG Reporting Platform adds some measurable outcomes. However, the report falls short on quantifiable environmental metrics ⚠️, particularly GHG emissions, where no data on Scope 1, 2, or 3 is provided. Generic statements like 'committed to sustainability' lack supporting evidence or forward-looking targets. To improve, LFE should incorporate specific emission reduction goals, adopt recognized frameworks like GRI or TCFD, and ensure third-party verification for credibility. Enhancing transparency on governance disclosures, such as executive salaries, would also strengthen trust. Overall, the report provides a foundation but needs deeper detail and actionable commitments.
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