MAGNA PRIMA BERHAD
Malaysia | 7617.KL | Main
Reference
Report Year: 2023
Source Files: Magna_Prima_-_Annual_Report_2023.pdf
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
Integrated Report, No specific framework mentioned ⚠️
GHG Accounting
MAGNA PRIMA BERHAD's GHG accounting in 2023 shows limited detail. Scope 2 emissions are reported at 71.24 tCO₂e based on electricity consumption, with a notable 20.38% reduction from 2022 🟢. However, Scope 1 and Scope 3 emissions are not disclosed, limiting the completeness of the inventory ⚠️. Key elements such as base year specifics, boundary definitions, GWP basis, and data collection approaches are absent. There is no mention of third-party verification, which impacts credibility. The report sets targets like a 40% reduction in Scope 1 and 2 emissions by 2030, but without comprehensive data, progress tracking is challenging. Improvements could include detailed Scope 1 and 3 reporting, adopting a recognized standard like GHG Protocol, and seeking external verification for reliability.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | Scope 1 emissions data not provided in absolute terms. |
| Scope2 | 71.24 tCO₂e 🟢 | Derived from electricity consumption data for 2023. |
| Scope3 | Not reported ⚠️ | Scope 3 emissions data not provided. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: 2023 for some metrics
- Boundary inventory: Not specified
- Gwp basis: Not specified
- Standard: Not specified
- Data collection approach: Not specified
- Third party verification: Not verified
- Carbon intensity: Not reported ⚠️
Efforts
- 20.38% electricity reduction 🟢
- 40% GHG reduction target by 2030 🟢
- 30% paper reduction target by 2025 🟢
- Energy management focus 🌞
Social Highlights
- Zero human rights complaints 🟢
- 10% women in leadership 🟢
- Zero fatalities reported 🟢
- Community programs target by 2030 🥗
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Moderate effort in sustainability reporting by MAGNA PRIMA BERHAD for 2023 🟢. The integrated report provides some quantifiable data, such as a 20.38% reduction in electricity consumption and targets like a 40% GHG emission reduction by 2030. However, the absence of comprehensive GHG data for Scope 1 and Scope 3, along with a lack of third-party verification, limits transparency ⚠️. While social initiatives and governance policies (e.g., PDPA, ABAC) are mentioned, measurable outcomes are scarce beyond basic metrics like zero human rights complaints. Forward-looking commitments are present but lack detailed action plans. The report could benefit from adopting recognized frameworks like GRI or TCFD, enhancing GHG inventory completeness, and providing more specific, evidence-backed outcomes. Overall, it serves as a starting point but requires deeper detail and validation to strengthen credibility.
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