UPA CORPORATION BHD
Malaysia | 7757.KL | Main
Reference
Report Year: 2023
Source Files: UPA_-_Annual_Report_2023.pdf
Sustainability Committee
Risks Management & Sustainability Committee (6 pax) 🟢
- Oversees 4 divisions 🟢
Reporting
Bursa Malaysia Guidelines, Integrated Report 🟢
GHG Accounting
UPA Corporation BHD demonstrates a commitment to tracking total CO₂ emissions, with a reported reduction from 5,876 MT in 2021 to 3,043 MT in 2023, largely attributed to renewable energy adoption. Strengths include the integration of solar panels and a focus on energy efficiency. However, the report lacks critical details such as Scope 1, 2, and 3 breakdowns, base year specification, and third-party verification, limiting its credibility. Improvements needed include adopting a recognized GHG accounting standard, disclosing scope-specific data, and engaging external auditors for verification to enhance transparency and align with global best practices.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | Scope 1 emissions not individually reported. |
| Scope2 | Not reported ⚠️ | Scope 2 emissions not individually reported. |
| Scope3 | Not reported ⚠️ | Scope 3 emissions not reported. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- Boundary inventory: Malaysia operations only 🟢
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Data collection approach: Internal data collection 🟢
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- 40% reduction 🟢
- Recycled plastic pallets 🟢
- Solar panels installed 🌞
- 80% LED lighting 🌱
Social Highlights
- 3,964 training hours 🟢
- RM8,100 community support 🥗
- 6 safety trainings 🟢
- Internship programs 🥗
- Long Service Awards 🟢
Governance
- Salary disclosure: Can't find ⚠️
Report Quality
Commendable initiatives are evident in UPA Corporation BHD's 2023 sustainability report, particularly with quantifiable actions like a 40% reduction in CO₂ emissions since 2021 and the adoption of solar panels 🟢. The integration of sustainability into the Risks Management Committee and detailed social initiatives, such as 3,964 training hours, reflect a structured approach. However, the report falls short in several areas ⚠️. GHG accounting lacks granularity with no Scope 1, 2, or 3 breakdowns, and the absence of third-party verification undermines credibility. Forward-looking commitments are vague, with no specific targets like net-zero timelines. Recommendations include adopting international frameworks like GRI or TCFD, providing detailed emission scopes, and incorporating external assurance for data reliability. Overall, the report offers a foundation but needs deeper specificity and measurable future goals to align with global standards.
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