GIIB HOLDINGS BERHAD
Malaysia | 7192.KL | Main
Reference
Report Year: 2024
Source Files: GIIB_AR2024.md
Sustainability Committee
Sustainability Task Force (Members Unknown) 🟢
- Manages ESG initiatives 🟢
Reporting
Integrated Report, No Specific Framework Mentioned ⚠️
GHG Accounting
GIIB Holdings Berhad's GHG accounting in FY 2024 is notably underdeveloped. No data on Scope 1, 2, or 3 emissions is reported, and critical elements such as base year, boundary, GWP basis, and standards are absent. While the report mentions internal data collection, there is no third-party verification, which limits credibility. The company focuses on resource optimization (e.g., energy and water consumption), but these efforts are not translated into GHG metrics. A significant gap is the lack of a structured emissions inventory. To improve, GIIB should establish a baseline for emissions, adopt recognized standards like the GHG Protocol, and seek external assurance for transparency and accountability.
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 specified ⚠️
- Boundary inventory: Not specified ⚠️
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Data collection approach: Internal data collection →
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Tyre retreads for emission reduction 🟢
- Waste segregation & recycling 🟢
- Water filtration system 🌱
- Low-carbon ingredients 🌱
Social Highlights
- 80% employees trained on anti-corruption 🟢
- 308 training hours 🟢
- RM4,500 for community support 🥗
- Zero fatalities & LTIR 🟢
- Limited data available ⚠️ (Insufficient additional quantifiable social initiatives reported.)
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable intent is evident in GIIB Holdings Berhad’s 2024 sustainability report, with a clear focus on integrating ESG principles into operations 🟢. The report highlights quantifiable actions such as 80% employee anti-corruption training and 308 hours of professional development, alongside environmental efforts like waste recycling and water filtration systems. However, significant gaps exist in GHG accounting, with no emission data or adoption of recognized frameworks like GRI or TCFD ⚠️. Measurable outcomes for environmental impact are limited, and forward-looking commitments lack specificity beyond general statements of intent. To enhance credibility, GIIB should prioritize detailed emissions reporting, adopt global sustainability standards, and include third-party verification. Incorporating specific targets, such as net-zero timelines, would strengthen the report. Overall, this integrated report provides a foundation but needs deeper metrics and transparency to align with best practices.
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