HANDAL ENERGY BERHAD

Malaysia | 7253.KL | Main

By Sustify.world AI model | 2025-05-24

Handal Energy Berhad, an investment holding company, primarily provides integrated crane and pipeline isolation services to the oil and gas industry in Malaysia. It operates through Integrated, Maintenance, Repair, and Overhaul Services; Pipeline Engineering; Trading and Project; and Other segments. The company offers and overhaul and maintenance offshore pedestal cranes services; manufactures and fabricates new offshore pedestal cranes; and provides offshore crane rental services and lifting solutions for workover projects, as well as other services, such as supply of manpower and parts. It also supplies, fabricates, and services industrial equipment and tank systems; offers consultancy services for engineering project support services; offers well services; and researches and develops advance composite material. In addition, the company engages in reproducing of machinery components and engineering services; repairing and general workshop practices; leasing of compressors, pumps, and related equipment; agriculture activities for crops production; wholesale of other solid, liquid and gaseous fuels and related products; business of hotel, resort, villas, and homestays; trading in and hiring of heavy machinery and related services; developing and providing of new techniques and innovative solutions; power generation business; project management services for gas turbine. Further, the company involved in acquire, buy, purchase, lease, develop, renovate, improve, maintain, exchange or otherwise own property, estate, land, and buildings; business of purification and distribution of water for water supply purpose. Handal Energy Berhad was incorporated in 2008 and is headquartered in Kuala Lumpur, Malaysia.

Reference

Report Year: 2024
Source Files: Handal_-_Annual_Report_2024.md

Sustainability Committee

No sustainability committee formed ⚠️

Reporting

GRI, TCFD, Integrated Report 🟢

GHG Accounting

Handal Energy Berhad's GHG accounting efforts for FY2024 are in the early stages. The company acknowledges the importance of reducing greenhouse gas emissions and is conducting an inventory of emission sources, including fuel-based equipment, vehicles, and refrigerants. However, no specific data on Scope 1, 2, or 3 emissions is reported, which limits transparency. Limited assurance by a third party is a positive step, but the absence of detailed metrics, base year, and standards hampers a comprehensive assessment. Improvements are needed in establishing a clear GHG inventory, adopting recognized standards like the GHG Protocol, and disclosing absolute emission figures to track progress effectively.

Emissions

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

Other Details

Base year: Not specified ⚠️
Boundary inventory: Not specified ⚠️
Gwp basis: Not specified ⚠️
Standard: Not specified ⚠️
Data collection approach: Not specified ⚠️
Third party verification: Limited assurance 🟢
Carbon intensity: Not reported ⚠️

Efforts

Emission source inventory 🟢
Zero waste disposed 🟢
Energy conservation 🌞
3R principles adopted 🌱

Social Highlights

510.5 training hours 🟢
Zero fatalities 🟢
2 employees trained 🟢
Limited data available ⚠️
Limited data available ⚠️

Governance

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

Report Quality

Commendable intent is evident in Handal Energy Berhad's FY2024 sustainability report, with a clear commitment to ESG principles and alignment with frameworks like GRI and TCFD 🟢. The integrated report provides some quantifiable data, such as energy consumption (195.85 MWh) and training hours (510.5 hours), which are positive steps. However, the report lacks depth in critical areas like GHG emissions, where no specific metrics or targets are disclosed ⚠️. Forward-looking commitments, such as achieving net-zero, are absent, and much of the content remains generic, focusing on intent rather than measurable outcomes. To enhance credibility, the company should prioritize detailed GHG accounting, set clear sustainability targets, and incorporate third-party verification for broader ESG metrics. Overall, the report lays a foundation but could benefit from greater specificity and actionable plans.

Tags:

Energy

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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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