MINETECH RESOURCES BERHAD
Malaysia | 7219.KL | Main
Reference
Report Year: 2024
Source Files: Minetech_-_Annual_Report_2024.md
Sustainability Committee
Sustainability Committee (3 pax) 🟢
- Established in 2024 🟢
- Oversees ESG performance 🟢
Reporting
Bursa Malaysia Guidelines, UNSDG, Integrated Report 🟢
GHG Accounting
Minetech Resources Berhad's GHG accounting in the 2024 report lacks detailed data on Scope 1, 2, and 3 emissions, with no base year, boundary, or standard specified. The absence of third-party verification and detailed methodologies further limits the credibility of their environmental impact reporting. While the company expresses intent to reduce carbon footprint through initiatives like solar panel installations, the lack of quantifiable metrics or targets hinders a comprehensive assessment. Improvements are needed in establishing a robust GHG inventory, adopting recognized standards like the GHG Protocol, and engaging third-party verification to enhance transparency and accountability in their sustainability efforts.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No specific data on Scope 1 emissions provided. |
| Scope2 | Not reported ⚠️ | No specific data on Scope 2 emissions provided. |
| Scope3 | Not reported ⚠️ | No specific 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: Not specified ⚠️
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Solar panel installation planned 🌞
- Waste limited to 1-2 MT/month 🟢
- Energy-efficient machinery adopted 🌱
- RRR approach in production 🌱
Social Highlights
- Employee bonding events 🥗
- Training programs provided 🟢
- Limited data available ⚠️ (Insufficient measurable social impact data provided.)
- Limited data available ⚠️ (Insufficient measurable social impact data provided.)
- Limited data available ⚠️ (Insufficient measurable social impact data provided.)
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable initiative by Minetech Resources Berhad in establishing a Sustainability Committee and integrating sustainability into their 2024 report 🟢. The report outlines a clear governance structure and aligns with Bursa Malaysia Guidelines and UNSDG frameworks. However, it falls short on quantifiable actions and measurable outcomes, particularly in GHG emissions data and social impact metrics ⚠️. Generic statements like 'commitment to sustainability' lack supporting evidence or specific targets. Forward-looking commitments, such as carbon footprint reduction roadmaps, are mentioned but not detailed with timelines or metrics. To enhance credibility, Minetech should incorporate specific, verifiable data, adopt recognized GHG accounting standards, and seek third-party verification. This would transform the report from a foundational document into a robust tool for stakeholder trust and accountability.
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