MGB BERHAD
Malaysia | 7595.KL | Main
Reference
Report Year: 2023
Source Files: MGB_AR2023_Part_1.md, MGB_AR2023_Part_2.md
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Strategic oversight 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
MGB Berhad demonstrates a structured approach to GHG accounting with detailed reporting of Scope 1 (6,587 tCO₂e), Scope 2 (446 tCO₂e), and Scope 3 (2,619 tCO₂e) emissions for 2023, using 2022 as the baseline year. A strength lies in their comprehensive data coverage across all scopes, reflecting a commitment to transparency. However, the absence of third-party verification limits credibility, and the GWP basis is not specified, which could affect comparability. Additionally, while percentage reductions are mentioned (e.g., 19.12% decrease in carbon intensity), absolute targets and detailed methodologies are unclear. Improvements could include obtaining external assurance, clarifying GWP standards, and setting specific reduction targets aligned with their Net Zero 2050 Roadmap.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 6,587 tCO₂e 🟢 | |
| Scope2 | 446 tCO₂e 🟢 | |
| Scope3 | 2,619 tCO₂e 🟢 | |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: 2022
- Boundary inventory: Operational control (Scope 1, 2, 3 reported)
- Gwp basis: Not specified
- Standard: GRI 305
- Third party verification: Not verified
- Carbon intensity: Not specified ⚠️
Efforts
- 19.12% reduction 🟢
- 5.83% waste diverted 🟢
- Solar farming initiative 🌞
- Internal Carbon Pricing 🌱
Social Highlights
- 465 employees trained 🟢
- 9,499 training hours 🟢
- MYR 550,000 community investment 🥗
- 501 employees trained on safety 🟢
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
Report Quality
Commendable transparency in MGB Berhad's 2023 Sustainability Report, with detailed metrics on GHG emissions, energy consumption, and waste diversion 🟢. The integration of frameworks like GRI and TCFD adds credibility to their disclosures. Quantifiable actions, such as a 19.12% reduction in carbon intensity and 5.83% waste diversion, showcase measurable outcomes. Additionally, the Net Zero Carbon Emissions by 2050 Roadmap reflects forward-looking commitments. However, the report lacks third-party verification for emissions data, which could enhance trust ⚠️. Some statements, like 'building a sustainable future,' remain generic without specific evidence of impact. To improve, MGB could incorporate external assurance, provide clearer absolute targets for emissions reduction, and expand on social impact metrics. Overall, the report provides a solid foundation but could benefit from deeper specificity and validation.
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