A-RANK BERHAD
Malaysia | 7214.KL | Main
Reference
Report Year: 2024
Source Files: ARANK-Annual_Report_2024.pdf
Sustainability Committee
Sustainability Management Committee (Members Unknown) 🟢
- Oversees sustainability matters 🟢
- Reports to Board Committees 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
A-Rank Berhad demonstrates a structured approach to GHG accounting with detailed reporting of Scope 1 (29,447.3 tCO₂e), Scope 2 (9,478.05 tCO₂e), and limited Scope 3 (92.99 tCO₂e) emissions for 2024, using IPCC and DEFRA standards. The adoption of a GHG calculation tool and staff training reflects a commitment to accuracy. However, the absence of third-party verification limits credibility, and Scope 3 data is narrow, covering only commuting and travel. Strengths include a clear baseline (2024) and targets like a 15% reduction in emission intensity by 2030. Improvements are needed in expanding Scope 3 coverage and securing external assurance to enhance transparency and stakeholder trust.
Emissions
| Scope | Value | Note |
|---|
Other Details
- Base year: 2024
- Boundary inventory: Operational control (Scope 1: Direct emissions from owned facilities; Scope 2: Purchased electricity; Scope 3: Employee commuting and business travel)
- Gwp basis: IPCC 2006, DEFRA Condensed Set 2023 for Scope 1 and 3; SIRIM Electricity Emission Factors for Scope 2
- Standard: GHG Protocol
- Data collection approach: Empirical quantification using GHG calculation tool and training
- Third party verification: Not verified ⚠️
- Carbon intensity: 0.46 kg CO₂e/kg aluminium billet 🟢
Efforts
- 15% reduction target by 2030 🟢
- 3,283 tonnes recycled 🟢
- 6,442 GJ from solar 🌞
- 10.96% post-consumer scrap 🌱
Social Highlights
- 109 employees trained on safety 🟢
- 66 children supported 🥗
- RM21,000 for 69 beneficiaries 🥗
- 87.6% customer satisfaction 🟢
- 1,993 training hours 🟢
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable foundation in A-Rank Berhad's 2024 sustainability report with detailed metrics on GHG emissions, energy use, and waste management 🟢. The inclusion of quantifiable targets, such as a 15% reduction in emission intensity by 2030 and carbon neutrality by 2050, shows forward-looking commitment. Measurable outcomes like 6,442 GJ of solar energy generation and 93.53% waste recycling rate enhance credibility. However, the report lacks third-party verification for GHG data, reducing reliability ⚠️. Some sections, such as Scope 3 emissions, are limited in scope, and generic statements on sustainability culture lack specific evidence. To improve, A-Rank could incorporate external assurance, expand Scope 3 reporting, and provide deeper insights into governance disclosures like executive remuneration. Overall, the report offers a solid base but needs more depth and validation to meet best practices.
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