BARAKAH OFFSHORE PETROLEUM BERHAD
Malaysia | 7251.KL | Main
Reference
Report Year: 2024
Source Files: AR2024_(Part_2).pdf
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Strategy implementation 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
Barakah Offshore Petroleum Berhad demonstrates a foundational approach to GHG accounting by reporting Scope 1 and Scope 2 emissions, with partial Scope 3 coverage for business travel and employee commuting. Strengths include clear boundary definition (operational control) and alignment with TCFD recommendations for climate disclosures. However, significant gaps exist, such as the absence of a specified base year, GWP basis, and accounting standard (e.g., GHG Protocol). Third-party verification is lacking, which undermines data credibility. The company should prioritize establishing a base year, adopting a recognized standard, and seeking independent assurance to enhance transparency. Additionally, expanding Scope 3 reporting beyond limited categories would provide a more comprehensive emissions profile.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Reported 🟢 | Specific data not extractable from provided content. |
| Scope2 | Reported 🟢 | Specific data not extractable from provided content. |
| Scope3 | Partially reported 🟢 | Covers business travel and employee commuting only. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Operational control 🟢
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Data collection approach: Not specified ⚠️
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Energy efficiency focus 🟢
- Renewable energy exploration 🌞
- Waste management focus 🟢
- Climate risk integration 🌱
Social Highlights
- Employee engagement 🥗
- Community CSR programs 🥗
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable initial steps are evident in Barakah Offshore Petroleum Berhad’s 2024 sustainability report, particularly in aligning with GRI and TCFD frameworks 🟢. The report outlines Scope 1, Scope 2, and partial Scope 3 emissions, alongside a clear sustainability governance structure. However, the lack of quantifiable metrics and measurable outcomes for many initiatives is a notable gap ⚠️. Generic statements like 'committed to sustainability' dominate, with limited evidence of specific achievements or forward-looking targets, such as net-zero commitments. Third-party verification is absent, reducing data credibility. The company could enhance its reporting by incorporating detailed metrics (e.g., emission reduction percentages), setting clear targets, and seeking independent assurance. Additionally, more focus on social impact numbers and governance disclosures, like salary transparency, would strengthen the report’s depth. Overall, a solid foundation exists, but greater specificity and accountability are needed.
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