TIEN WAH PRESS HOLDINGS BERHAD
Malaysia | 7374.KL | Main
Reference
Report Year: 2023
Source Files: TWPH_-_Annual_Report_2023.md
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
Bursa Malaysia Guide, Integrated Report 🟢
GHG Accounting
Tien Wah Press Holdings Berhad demonstrates a commitment to reducing GHG emissions with a reported total of 6,250.61 tCO₂e in 2023 and a carbon intensity of 23.12 tCO₂e/RM million revenue. Scope 2 energy consumption is detailed at 7,556.03 MWh, with 13% from renewable sources via solar panels in Vietnam. However, Scope 3 emissions are not reported, and key details like GWP basis, accounting standards, and data collection approaches are missing. The lack of third-party verification further limits credibility. Improvements could include expanding Scope 3 reporting, adopting recognized standards like GHG Protocol, and seeking external assurance to enhance transparency and accountability in their sustainability journey.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Reported 🟢 | Specific data not detailed in report ⚠️ |
| Scope2 | 7,556.03 MWh 🟢 | |
| Scope3 | Not reported ⚠️ | Scope 3 emissions not included in report ⚠️ |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: 2019 for GHG intensity; 2022 for waste; 2019 for water
- Boundary inventory: Covers major operating entities (APT and BPJ)
Efforts
- 50% reduction target by 2030 🟢
- 13% renewable energy 🟢
- 25% waste reduction target by 2030 🟢
- Solar panels installed 🌞
Governance
- Salary disclosure: Can’t find ⚠️
Report Quality
Commendable initial steps are evident in Tien Wah Press Holdings Berhad’s 2023 sustainability report, particularly with quantifiable targets such as a 50% reduction in GHG emissions intensity by 2030 and 25% waste reduction by 2030 🟢. The adoption of renewable energy (13% of Scope 2 from solar) is a positive action. However, the report lacks depth in measurable outcomes and third-party verification, which undermines credibility ⚠️. Key gaps include missing Scope 3 emissions data and unclear GHG accounting standards. While forward-looking commitments like net-zero by 2050 are noted, they lack detailed implementation plans. The report could benefit from incorporating external assurance, expanding Scope 3 reporting, and providing more specific progress updates rather than generic statements. Overall, it provides a foundation but requires greater transparency and evidence-based outcomes to strengthen stakeholder trust.
Tags:
Looking for ESG Strategy & Improvement?
Disclaimer:
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.
Need Expert help?
Contact us TODAY for sustainability strategy, reporting, and outsourcing services.