UZMA BERHAD

Malaysia | 7250.KL | Main

By Sustify.world AI model | 2025-05-25

Uzma Berhad, an investment holding company, operates as an integrated energy, and technology company in Malaysia and internationally. The company operates through O&G Upstream Services, Trading/Other O&G Services, and Others segments. The O&G Upstream Services segment provides well solutions, production solutions, geoscience, reservoir engineering, drilling, project and operation services, and other specialized services for the O&G industry. The Trading/Other O&G Services segment manufactures, markets, distributes, and supplies oilfield chemicals, petrochemical and chemical products, equipment, and services. The Other segment engages in digitalization, tech, energy, and investments related businesses. It is also involved in engineering, procurement, construction, and commissioning contractor for solar photovoltaic, as well as develops software, digital solutions, and geospatial intelligence activities. In addition, the company operates special purpose vehicle, and provides renewable energy, oil and gas extraction, and trades in liquefied natural gas; engages in aerospace business; manufactures satellite related equipment, and provides satellite services. Further, it offers supporting services in oil and gas mining and consumables; and engages in repair and maintenance of petroleum; and is involved in letting machineries and equipment for oil and gas industry. Additionally, the company acts as a general merchant and trader, wholesaler, distributor, importer, exporter, commissioning agent, and dealer in various types of goods and commodities; and artificial lift and pumping solutions; cased holes services; and offers other specialised services. Uzma Berhad was incorporated in 2000 and is based in Petaling Jaya, Malaysia.

Reference

Report Year: 2024
Source Files:

Sustainability Committee

Sustainability Committee (3 pax) 🟢

2+ meetings annually 🟢

Reporting

GRI, TCFD, Integrated Report 🟢

GHG Accounting

Uzma Berhad demonstrates a commendable start in GHG emissions tracking for FY2024, reporting Scope 1 (1,024 tCO₂e) and Scope 2 (325 tCO₂e) emissions with clear data on fuel and electricity usage. The use of MGTC emission factors adds credibility to calculations. However, Scope 3 emissions are unreported, limiting a full view of their carbon footprint. The absence of a base year and third-party verification further weakens reliability. Improvements could include disclosing Scope 3 data, establishing a baseline for target-setting, and seeking external assurance to enhance transparency and accountability in their environmental reporting.

Emissions

Scope	Value	Note

Other Details

Base year: Not specified ⚠️
Boundary inventory: Operational control 🟢
Gwp basis: MGTC factors 🟢
Standard: Not specified ⚠️
Third party verification: Not verified ⚠️
Carbon intensity: Not reported ⚠️

Efforts

83% diesel reduction (FY2023) 🟢
50MWac solar plant 🌞
1,021 kWp solar projects 🌞
0 major spills 🟢

Social Highlights

8.9M man-hours no LTI 🟢
Sponsored UTP award 🥗
Archaeological project 🥗
Limited data available ⚠️
Limited data available ⚠️

Governance

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

Report Quality

Positive Steps in Sustainability Reporting 🟢. Uzma Berhad’s FY2024 Sustainability Statement offers a promising foundation with quantifiable data like Scope 1 and 2 emissions (1,349 tCO₂e total) and safety metrics (8.9 million man-hours without LTI). The energization of a 50MWac solar plant reflects a strong commitment to renewable energy. However, gaps remain ⚠️, such as the absence of Scope 3 emissions, third-party verification, and a clear base year for targets. Forward-looking commitments, while present (e.g., expanding emissions disclosure in FY2025), lack specific timelines or measurable goals beyond general statements like 'reducing ecological footprint.' The report could benefit from less reliance on generic assertions and more focus on detailed, verifiable outcomes. Incorporating external assurance and setting concrete targets would significantly enhance credibility and transparency.

Tags:

Energy Green Tech

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