TIMBERWELL BERHAD
Malaysia | 7854.KL | Main
Reference
Report Year: 2023
Source Files: TWB_-_Annual_Report_2023_Part_1.pdf
Sustainability Committee
Executive Cum Sustainability Steering Committee 🟢
- Regular meetings 🟢
- Materiality assessment 🟢
Reporting
Bursa Malaysia SRG, Integrated Report 🟢
GHG Accounting
Timberwell Berhad's 2023 report lacks detailed GHG accounting data, with no reporting on Scope 1, 2, or 3 emissions. The company acknowledges the importance of emissions tracking and plans to include Scope 3 data in future reports, which is a positive intent. However, the absence of a base year, boundary definitions, and third-party verification limits transparency. A strength is their focus on energy consumption reduction, achieving a 2.7% decrease in 2023. Improvements are needed in establishing a clear GHG inventory, adopting recognized standards like GHG Protocol, and seeking external verification to enhance credibility. Addressing these gaps will strengthen their climate change mitigation strategy and align with Bursa Malaysia's expectations.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | Scope 1 data not disclosed in 2023 report |
| Scope2 | Not reported ⚠️ | Scope 2 data not disclosed in 2023 report |
| Scope3 | Not reported ⚠️ | Scope 3 data not disclosed; planned for future reporting |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified ⚠️
- 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
- 2.7% energy reduction 🟢
- Adopted solar panels 🌞
- Not reported ⚠️
- Sustainable forestry 🌱
Social Highlights
- RM68,359 community investment 🟢
- 3,500 beneficiaries 🥗
- 41 employees trained 🟢
- 84% customer satisfaction 🟢
- Limited data available ⚠️ (Additional social impact metrics not detailed)
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable foundation in Timberwell Berhad's 2023 Sustainability Statement, with a focus on sustainable forest management and community engagement 🟢. The report provides quantifiable data on energy reduction (2.7% decrease) and social investments (RM68,359 benefiting 3,500 people), which are clear strengths. However, it falls short on measurable outcomes for GHG emissions, lacking Scope 1, 2, and 3 data, and misses third-party verification ⚠️. Forward-looking commitments like a 5% energy reduction by 2027 are noted, but vague statements on climate change mitigation lack specificity. The company could benefit from adopting globally recognized frameworks like GRI or TCFD for structured reporting, incorporating verified emissions data, and detailing actionable plans for future targets. Overall, a solid start, but deeper metrics and transparency are needed for credibility.
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