TOMEI CONSOLIDATED BERHAD

Malaysia | 7230.KL | Main

By Sustify.world AI model | 2025-05-25
Tomei Consolidated Berhad, an investment holding company, engages in manufacturing, retailing, and wholesale of gold ornaments and jewelry in Malaysia. It operates in two segments, Retail, and Manufacturing and Wholesale. The company offers various jewellery, such as classic yellow gold and diamonds, as well as platinum, white gold, and exquisite precious and semi-precious stones; customary Chinese wedding jewellery; jewellery collections centered around gemstones, such as jade, sapphire, ruby, emerald, and pearl; investment-grade precious metal products; Twin Tower wafer and Dinar coin; and numismatic collection products. It is also involved distribution of jewellery; moneylending and pawnbroking business; trading of bullion; refining and assaying of precious metals; and provision of training and laboratory services. The company sells its products under the Tomei, Goldheart, and Le Lumiere brands through a network of retail outlets. It also exports its products to Singapore, Brunei, and Germany. Tomei Consolidated Berhad was founded in 1968 and is headquartered in Kuala Lumpur, Malaysia.

Reference

Report Year: 2023
Source Files:

Sustainability Committee

Sustainability Steering Committee (Unknown pax) 🟢

  • Led by senior management 🟢

Reporting

Integrated Report, No specific framework mentioned ⚠️

GHG Accounting

TOMEI CONSOLIDATED BERHAD's sustainability report for 2023 lacks detailed information on GHG accounting. There is no reporting of Scope 1, 2, or 3 emissions, and critical elements such as base year, boundary, or third-party verification are absent. The report does not mention any standards like the GHG Protocol or ISO 14064. While the company expresses a commitment to sustainability, there is a significant gap in quantifiable environmental data. To improve, TOMEI should establish a comprehensive GHG inventory, adopt recognized frameworks, and consider third-party verification to enhance credibility. This would provide stakeholders with a clearer understanding of the company's environmental impact.

Emissions

Scope Value Note
Scope1 Not reported ⚠️ No data on Scope 1 emissions provided.
Scope2 Not reported ⚠️ No data on Scope 2 emissions provided.
Scope3 Not reported ⚠️ No data on Scope 3 emissions provided.
Biogenic emissions Not applicable → No biomass or biofuel usage reported.

Other Details

  • Base year: Not reported ⚠️
  • Boundary inventory: Not reported ⚠️
  • Gwp basis: Not reported ⚠️
  • Standard: Not reported ⚠️
  • Data collection approach: Not reported ⚠️
  • Third party verification: Not reported ⚠️
  • Carbon intensity: Not reported ⚠️

Efforts

  • No data ⚠️
  • No data ⚠️
  • No data ⚠️
  • No data ⚠️

Social Highlights

  • Employee engagement activities 🥗
  • Customer feedback programs 🥗
  • Limited data available ⚠️ (Insufficient quantifiable social impact data.)
  • Limited data available ⚠️ (Insufficient quantifiable social impact data.)
  • Limited data available ⚠️ (Insufficient quantifiable social impact data.)

Governance

  • Salary disclosure: Can't find ⚠️
  • Litigation: Can't find ⚠️

Report Quality

Room for Improvement in TOMEI CONSOLIDATED BERHAD's 2023 sustainability report. While the company demonstrates a commitment to Environmental, Social, and Governance (ESG) practices and has established a Sustainability Steering Committee 🟢, the report lacks depth in quantifiable data and measurable outcomes ⚠️. Generic statements about stakeholder engagement and sustainability vision are present, but there are no specific metrics, such as emission reductions or waste management figures, to substantiate these claims. Additionally, the absence of a recognized reporting framework (e.g., GRI or TCFD) limits transparency. Forward-looking commitments or targets, such as net-zero goals, are also missing. To enhance future reports, TOMEI should incorporate quantifiable actions, adopt global sustainability standards, and provide detailed forecasting. This would offer stakeholders a clearer picture of the company’s progress and dedication to sustainability.

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This is AI model generated summary based on certain rules set by Sustify.world perspective. If the reader finds the information is incorrect, they can always approach us by sending email admin@sustify.world.

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