T7 GLOBAL BERHAD
Malaysia | 7228.KL | Main
Reference
Report Year: 2023
Source Files: T7_Global_Berhad_-_Annual_Report_2023_(Part_1).pdf, T7_Global_Berhad_-_Annual_Report_2023_(Part_2).pdf
Sustainability Committee
Group Sustainability Committee (8 pax) 🟢
- Oversees ESG initiatives 🟢
- Monitors sustainability progress 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
T7 Global Berhad demonstrates initial steps in GHG accounting with a reported 24% reduction in Scope 1 emissions and the initiation of Scope 3 tracking in 2023. The Emissions Management Plan is a positive framework for monitoring emissions. However, the report lacks critical details such as absolute emission figures, base year for reductions, and Scope 2 data. Additionally, the absence of third-party verification and undisclosed standards (e.g., GHG Protocol) limits credibility. Improvements are needed in providing comprehensive data, adopting international standards, and ensuring verification to enhance transparency and accountability in their decarbonization journey.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 24% reduction 🟢 | Non-standard reduction data reported ⚠️ |
| Scope2 | Not reported ⚠️ | No data provided for Scope 2 emissions ⚠️ |
| Scope3 | Initiated tracking 🟢 | Tracking started but no quantifiable data provided ⚠️ |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Covers all divisions 🟢
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Data collection approach: Emissions Management Plan 🟢
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- 24% Scope 1 reduction 🟢
- Scope 3 tracking started 🟢
- Solar panel adoption planned 🌞
- Waste management policy 🟢
- Rig-to-reef biodiversity project 🌱
Social Highlights
- 4M manhours without injury 🟢
- 100% staff trained on ethics 🟢
- Improved employee benefits 🥗
- Boosted training investments 🥗
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable initial steps are evident in T7 Global Berhad’s 2023 sustainability report, with quantifiable actions like a 24% reduction in Scope 1 emissions and 4 million manhours without injury 🟢. The integration of ESG into operations and alignment with UN SDGs reflect a strategic approach. However, the report falls short on measurable outcomes due to non-standard data (e.g., percentage reductions without absolute figures) and missing details like Scope 2 emissions and third-party verification ⚠️. Forward-looking commitments, such as net-zero by 2050 and solar panel installation by 2024, are promising but lack detailed timelines or interim targets. Generic statements like 'committed to sustainability' need backing with concrete evidence. To improve, the company should adopt absolute emission metrics, ensure third-party verification, and provide clearer forecasting. Overall, a solid foundation exists, but deeper granularity and transparency are essential for credibility.
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