ARB BERHAD
Malaysia | 7181.KL | Main
Reference
Report Year: 2023
Source Files: ARB_-_Annual_Report_2023.md
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
Bursa Malaysia Framework, Integrated Report 🟢
GHG Accounting
ARB BERHAD's GHG accounting in 2023 shows limited detail. The report highlights a 36% reduction in CO₂ emissions compared to the prior period, which is a positive step. However, there is no breakdown of emissions by Scope 1, 2, or 3, nor specifics on base year, boundary, or standards used. Lack of third-party verification reduces credibility of the reported data. Key metrics like carbon intensity are absent. While initiatives like reduced air conditioning hours and IoT smart farming solutions contribute to environmental goals, the absence of comprehensive GHG data limits transparency. Improvement is needed in detailed emissions reporting, adopting global standards like GHG Protocol, and engaging external assurance to enhance data reliability.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | Specific Scope 1 data not provided. |
| Scope2 | Not reported ⚠️ | Specific Scope 2 data not provided. |
| Scope3 | Not reported ⚠️ | Specific Scope 3 data not 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 ⚠️
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- 36% reduction 🟢
- IoT Smart Farming 🌞
- Energy-efficient operations 🌱
Social Highlights
- 40% female staff 🟢
- 99% OSH training 🟢
- 0% fatality rate 🟢
- RM500,000 community support 🥗
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable initial effort by ARB BERHAD in presenting their first EESG report for 2023 🟢. The report provides quantifiable actions, such as a 36% reduction in CO₂ emissions and RM500,000 in community support, which demonstrate a commitment to sustainability. Highlights like 99% OSH training coverage and gender diversity metrics are positive steps. However, the report lacks depth in GHG accounting, with no breakdown of Scope 1, 2, or 3 emissions, and no third-party verification ⚠️. Generic statements about sustainability goals are present but often lack measurable outcomes or forward-looking commitments. To improve, ARB could adopt international frameworks like GRI or TCFD, provide detailed emissions data, and set clear, time-bound targets (e.g., net-zero by a specific year). Incorporating external assurance would also enhance credibility. Overall, a solid foundation with room for greater transparency and specificity.
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