MAGMA GROUP BERHAD
Malaysia | 7243.KL | Main
Reference
Report Year: 2023
Source Files: MGB_-_Annual_Report_2023.md
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Strategy Development 🟢
- Impact Review 🟢
- Performance Monitoring 🟢
Reporting
Bursa Malaysia Guide, Integrated Report 🟢
GHG Accounting
Magma Group Berhad's 2023 sustainability report lacks detailed GHG accounting data, with no information on Scope 1, 2, or 3 emissions, base year, or carbon intensity. The report does not specify boundaries, standards, or data collection methods, and there is no third-party verification, though the company mentions potential future engagement with independent assessors. While the absence of biogenic emissions reporting aligns with no mention of biomass or biofuel usage, the overall lack of quantifiable emissions data is a significant gap. To improve, the company should establish a GHG inventory, adopt recognized standards like the GHG Protocol, and prioritize third-party verification to enhance credibility and transparency in its environmental impact reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | Scope 1 emissions data not provided in the report. |
| Scope2 | Not reported ⚠️ | Scope 2 emissions data not provided in the report. |
| Scope3 | Not reported ⚠️ | Scope 3 emissions data not provided in the report. |
| 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 ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- No data available ⚠️
- Waste minimization focus 🟢
- No data available ⚠️
- No data available ⚠️
Social Highlights
- Safe workplace initiatives 🟢
- Employee well-being focus 🟢
- Limited data available ⚠️ (Insufficient quantifiable social impact data provided.)
- Limited data available ⚠️ (Insufficient quantifiable social impact data provided.)
- Limited data available ⚠️ (Insufficient quantifiable social impact data provided.)
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Constructive Foundation 🟢: Magma Group Berhad’s 2023 sustainability report provides a basic overview of its commitment to sustainable practices, aligning with the Bursa Malaysia Sustainability Reporting Guide. The establishment of a Sustainability Committee and focus on material ESG factors are positive steps. However, the report lacks quantifiable actions and measurable outcomes ⚠️, particularly in GHG emissions data, carbon reduction initiatives, and social impact metrics. Statements such as 'integrating sustainability principles' remain generic without supporting evidence or specific targets. Forward-looking commitments or forecasting are also absent. To enhance credibility, the company should include detailed metrics (e.g., emission reductions in tCO₂e), adopt international frameworks like GRI or TCFD, and pursue third-party verification. This would transform the report from a narrative of intent to a robust demonstration of impact and accountability.
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