LOTUS CIRCULAR BERHAD
Malaysia | 7234.KL | Main
Reference
Report Year: 2024
Source Files:
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Enhanced governance structure 🟢
- Data collection templates established 🟢
Reporting
Bursa Malaysia Guide, Integrated Report 🟢
GHG Accounting
LOTUS CIRCULAR BERHAD's GHG accounting in the 2024 report is notably underdeveloped. No data is provided for Scope 1, Scope 2, or Scope 3 emissions, and critical details such as base year, boundary, GWP basis, and standards are absent. The lack of third-party verification further undermines credibility. While the report mentions energy consumption (737.84 MW in 2024), it does not translate this into emissions data. A significant improvement is needed, including comprehensive GHG inventory reporting, adoption of recognized standards like GHG Protocol, and external assurance to enhance transparency. Without these, the environmental impact assessment remains incomplete.
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 verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- No specific efforts ⚠️
- No specific efforts ⚠️
- No adoption ⚠️
- No changes ⚠️
Social Highlights
- 28 employees trained on safety 🟢
- 105 training hours (Senior Mgmt) 🟢
- 118 training hours (Managerial) 🟢
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable initial steps are evident in LOTUS CIRCULAR BERHAD's 2024 sustainability report, with a clear commitment to integrating sustainability into business practices 🟢. The establishment of a Sustainability Committee and governance structures is a positive move. However, the report lacks quantifiable actions and measurable outcomes in critical areas like GHG emissions and waste reduction ⚠️. Generic statements about sustainability commitment are present, but they are not backed by specific metrics or verified data. Forward-looking commitments, such as future assurance plans, are noted but remain vague. To improve, the company should incorporate detailed emissions data, set measurable targets (e.g., 'reduce energy use by 10% by 2026'), and seek third-party verification for credibility. This would transform the report from a foundational document into a robust accountability tool.
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