LAGENDA PROPERTIES BERHAD
Malaysia | 7179.KL | Main
Reference
Report Year: 2023
Source Files: LAGENDA_-_Annual_Report_2023.md
Sustainability Committee
Sustainability Steering Committee (SSC) 🟢
- Periodic ESG reviews 🟢
- Team expansion 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
Lagenda Properties Berhad has made commendable progress in GHG accounting by reporting Scope 1, Scope 2, and limited Scope 3 emissions (employee commuting) for 2023. The company’s carbon intensity of 0.001 kgCO₂e/RM million for Scopes 1 and 2 reflects a starting point for tracking. Strengths include the development of a GHG inventory and setting reduction targets (10% by 2025, 45% by 2030). However, critical gaps remain, such as the lack of a specified base year, GWP basis, and adherence to recognized standards like GHG Protocol. Third-party verification is absent, reducing data credibility. Improvements are needed in expanding Scope 3 coverage, clarifying methodologies, and obtaining external assurance to enhance transparency and reliability of emissions reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Reported 🟢 | Specific values provided in report |
| Scope2 | Reported 🟢 | Specific values provided in report |
| Scope3 | Reported (limited categories) 🟢 | Includes employee commuting |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Operational focus 🟢
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Data collection approach: Inventory developed 🟢
- Third party verification: Not verified ⚠️
- Carbon intensity: 0.001 kgCO₂e/RM million 🟢
Efforts
- 10% reduction target 🟢
- 3,000 kg waste diverted 🟢
- Solar PV adoption 🌞
- Decarbonisation initiative 🌱
Social Highlights
- RM277,689 community investment 🥗
- 2,400 beneficiaries 🥗
- 80% satisfaction score 🟢
- 522 training hours 🟢
- 141 jobs created 🟢
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable foundation in sustainability reporting by Lagenda Properties Berhad for 2023 🟢. The integrated report, aligned with GRI Standards, provides a structured overview of ESG efforts with quantifiable metrics such as GHG emissions intensity (0.001 kgCO₂e/RM million), waste diversion (3,000 kg), and community investment (RM277,689). Measurable outcomes like an 80% customer satisfaction score and zero lost time injuries add credibility. Forward-looking commitments, including a 10% GHG reduction by 2025 and solar PV adoption, are promising 🟢. However, the report lacks depth in critical areas ⚠️, such as third-party verification of emissions data and detailed methodologies for GHG accounting. Generic statements like 'embracing sustainability' need more evidence of impact. To improve, Lagenda could incorporate external assurance, expand Scope 3 emissions coverage, and provide clearer timelines for net-zero targets. Overall, a solid start with room for enhanced transparency.
Tags:
Looking for ESG Strategy & Improvement?
Disclaimer:
This is AI model generated summary based on certain rules set by Sustify.world perspective. If the reader finds the information is incorrect, they can always approach us by sending email admin@sustify.world.
Need Expert help?
Contact us TODAY for sustainability strategy, reporting, and outsourcing services.