HARN LEN CORPORATION BHD
Malaysia | 7501.KL | Main
Reference
Report Year: 2024
Source Files: HarnLen_AR24_part1.md, HarnLen_AR24_part2.md
Sustainability Committee
Sustainability and Risk Management Committee (Members Unknown) 🟢
- Quarterly briefings 🟢
- Policy review 🟢
Reporting
GRI, Integrated Report 🟢
GHG Accounting
Harn Len Corporation Bhd demonstrates a commendable effort in GHG accounting for FYE2024, with reported emissions of 2,460 tCO₂e for Scope 1, 42 tCO₂e for Scope 2, and 198 tCO₂e for Scope 3 (covering business travel and employee commuting). The use of the GHG Protocol as a standard and internal data review processes are positive steps. However, significant gaps exist, including the absence of third-party verification, no specified base year for tracking reductions, and lack of clarity on GWP basis. Additionally, biogenic emissions from biomass incineration are not reported despite EFB usage, which is a notable oversight. To improve, the company should pursue third-party verification, establish a base year, and include biogenic emissions in the GHG inventory for a more comprehensive assessment.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 2,460 tCO₂e 🟢 | |
| Scope2 | 42 tCO₂e 🟢 | |
| Scope3 | 198 tCO₂e 🟢 | Covers business travel and employee commuting |
| Biogenic emissions | Not reported despite biomass usage ⚠️ | Biomass incineration mentioned for EFB but emissions not included in GHG inventory. |
Other Details
Efforts
- Boiler upgrade for efficiency 🟢
- 53% hazardous waste reduction 🟢
- Electrostatic precipitator 🌞
- Safer herbicide usage 🌱
Social Highlights
- 248 employees trained 🟢
- 2,022 training hours 🟢
- RM23,534 community investment 🥗
- 21 beneficiaries 🥗
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable transparency in Harn Len Corporation Bhd's FYE2024 sustainability report 🟢, with detailed disclosures on GHG emissions, energy consumption, and social initiatives like training hours and community investments. The integration of quantifiable metrics such as 2,460 tCO₂e for Scope 1 emissions and a 53% reduction in hazardous waste is a strong point. However, the report lacks third-party verification for emissions data and does not address biogenic emissions despite biomass usage ⚠️. Forward-looking commitments are present but vague, with targets like 'establish GHG reduction targets' lacking specificity. Generic statements on sustainability commitment without measurable outcomes dilute the impact. To enhance credibility, the company should incorporate third-party verification, provide detailed future targets with timelines, and ensure comprehensive reporting of all emission sources, including biogenic emissions.
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