TAFI INDUSTRIES BERHAD
Malaysia | 7211.KL | Main
Reference
Report Year: 2023
Source Files: TAFI-Annual_Report_2023.md
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Board oversight 🟢
- Senior Management implementation 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
TAFI Industries Berhad has initiated GHG accounting with Scope 1 (98.8 tCO₂e) and Scope 2 (819.9 tCO₂e) emissions reported for FY2023, establishing a baseline for future reductions. The company monitors fuel and electricity usage across its operations in Malaysia, aligning with national guidelines. However, Scope 3 emissions are unreported, limiting a comprehensive view of its carbon footprint. The lack of third-party verification and carbon intensity metrics suggests room for improvement in credibility and transparency. TAFI aims for carbon neutrality by 2050, supported by initiatives like solar energy adoption. Enhancing data collection, including Scope 3, and pursuing external assurance would strengthen its GHG reporting framework and align with global standards.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 98.8 tCO₂e 🟢 | |
| Scope2 | 819.9 tCO₂e 🟢 | |
| Scope3 | Not reported ⚠️ | Scope 3 emissions data unavailable ⚠️ |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: 2023 (baseline established)
- Boundary inventory: Covers operations in Malaysia, including subsidiaries
- Gwp basis: Asian Development Bank Guidelines (Scope 1), MGTC 2017 CDM Baseline (Scope 2)
- Standard: Not explicitly mentioned
- Third party verification: Not verified
- Carbon intensity: Not reported ⚠️
Efforts
- 43% solar energy 🟢
- 5% diesel reduction target 🟢
- 7% waste diverted 🟢
- Solar panels installed 🌞
- Optimized routes 🌱
Social Highlights
- RM82,840 on training 🟢
- RM1,000 community donation 🥗
- 2 community projects 🥗
- 100% anti-corruption training 🟢
- Limited data available ⚠️
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can’t find ⚠️
Report Quality
Commendable start by TAFI Industries Berhad in sustainability reporting for FY2023 with an integrated report aligned to GRI and TCFD frameworks 🟢. The report includes quantifiable metrics such as Scope 1 (98.8 tCO₂e) and Scope 2 (819.9 tCO₂e) emissions, 43% solar energy usage, and waste diversion (7%) 🟢. Forward-looking commitments like carbon neutrality by 2050 and a 5% reduction in diesel consumption by FY2024 demonstrate ambition. However, gaps exist with Scope 3 emissions unreported and no third-party verification, reducing data credibility ⚠️. Some statements, such as 'commitment to sustainability,' lack specific evidence or measurable outcomes ⚠️. TAFI could enhance its report by incorporating Scope 3 data, seeking external assurance, and providing detailed action plans for targets. Overall, the report lays a solid foundation but would benefit from deeper specificity and validation.
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