FM GLOBAL LOGISTICS HOLDINGS BERHAD
Malaysia | 7210.KL | Main
Reference
Report Year: 2024
Source Files:
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Governance Structure Established 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
FM Global Logistics has initiated efforts in GHG accounting by calculating Scope 1 and Scope 2 emissions for 2024, reflecting a commitment to addressing climate impact. The adoption of a carbon reduction strategy and evaluation of climate risks under the TCFD framework are positive steps. However, the report lacks absolute emission figures, base year data, and details on Scope 3 emissions, limiting transparency. Key aspects like boundary, GWP basis, and third-party verification are also missing, which are critical for credibility. To improve, the company should provide quantifiable emission data, include Scope 3 in its inventory, and pursue third-party verification to enhance trust and accountability in its sustainability reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Scope 1 Reported 🟢 | Specific data not provided in absolute terms. |
| Scope2 | Scope 2 Reported 🟢 | Specific data not provided in absolute terms. |
| Scope3 | Not reported ⚠️ | Scope 3 emissions not included in the report. |
| 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: Not specified ⚠️
- Third party verification: Not mentioned ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Carbon Reduction Initiatives 🟢
- E-Platform Adoption 🌞
Social Highlights
- 1,756 Employees 🟢
- 212 New Hires 🟢
- RM256,171 Training Investment 🟢
- CSR Education Sponsorships 🥗
- Limited Data Available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable Foundation in sustainability reporting by FM Global Logistics 🟢. The 2024 integrated report aligns with GRI and TCFD frameworks, showcasing a structured approach with a Sustainability Committee and governance structure. Quantifiable actions, such as Scope 1 and Scope 2 emission calculations and a workforce of 1,756, add credibility. Forward-looking commitments like carbon reduction strategies and alignment with UNSDGs are promising. However, the report lacks measurable outcomes for emissions (no absolute figures) and misses critical details like third-party verification and Scope 3 data ⚠️. Generic statements on environmental safeguarding need specific metrics to substantiate claims. To enhance future reports, the company should include detailed GHG data, pursue verification, and provide clearer social impact metrics. This will strengthen transparency and stakeholder trust in their sustainability journey.
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