TOYO VENTURES HOLDINGS BERHAD
Malaysia | 7173.KL | Main
Reference
Report Year: 2023
Source Files: AR_2023_Part_2(65-188).pdf
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- ARMC oversees sustainability 🟢
Reporting
Integrated Report, No Specific Framework Mentioned ⚠️
GHG Accounting
TOYO VENTURES HOLDINGS BERHAD's 2023 sustainability report lacks detailed GHG accounting. There is no data on Scope 1, 2, or 3 emissions, base year, or boundary definitions, which are critical for transparency. The report acknowledges challenges in data collection but does not specify methodologies or standards like the GHG Protocol. Third-party verification is also absent, reducing credibility. While energy management is mentioned with a focus on renewable sources, quantifiable metrics are missing. Improvements are needed in establishing a robust emissions tracking system, adopting recognized frameworks, and ensuring verification to enhance accountability and align with global standards.
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 reported ⚠️
- Boundary inventory: Not reported ⚠️
- Gwp basis: Not reported ⚠️
- Standard: Not reported ⚠️
- Third party verification: Not reported ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- No specific efforts ⚠️
- Waste reduction initiatives 🟢
- Renewable energy adoption 🌞
- No changes reported ⚠️
Social Highlights
- Employee training programs 🟢
- Fair employment practices 🟢
- Community development initiatives 🥗
- Limited data available ⚠️ (Insufficient quantifiable social impact data.)
- Limited data available ⚠️ (Insufficient quantifiable social impact data.)
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Constructive Foundation 🟢. TOYO VENTURES HOLDINGS BERHAD's 2023 integrated sustainability report provides a starting point by addressing key areas like energy management and stakeholder engagement. The inclusion of material matters such as occupational health and safety and fair employment practices is commendable. However, the report lacks quantifiable actions and measurable outcomes ⚠️, particularly in GHG emissions data and specific impact metrics. Statements like 'committed to sustainability' remain generic without supporting evidence. There are no forward-looking commitments or targets (e.g., net-zero goals) mentioned. To improve, the company should adopt recognized frameworks like GRI or TCFD, provide detailed emissions data, and incorporate third-party verification for credibility. Setting clear, time-bound sustainability targets would further strengthen the report's impact and transparency.
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