MILUX CORPORATION BERHAD
Malaysia | 7935.KL | Main
Reference
Report Year: 2023
Source Files: MILUX_AR_FY2023.md
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Coordinates activities 🟢
- Value chain integration 🟢
Reporting
IFRS S1, IFRS S2, TCFD, Integrated Report 🟢
GHG Accounting
Milux Corporation Berhad shows an initial commitment to environmental sustainability by reporting energy consumption (979.78 GJ and 272.16 MWh in 2023) with independent assurance for this data 🟢. However, GHG emissions data for Scopes 1, 2, and 3 are not disclosed, which limits a comprehensive assessment of their carbon footprint ⚠️. The company plans to report scope emissions starting FY 2024, indicating a step forward. Key improvements needed include establishing a base year, defining boundaries, and adopting a recognized GHG accounting standard. Enhancing data collection and extending third-party verification to emissions data will further strengthen credibility.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | Scope 1 emissions data not disclosed for 2023. |
| Scope2 | Not reported ⚠️ | Scope 2 emissions data not disclosed for 2023. |
| Scope3 | Not reported ⚠️ | Scope 3 emissions data not disclosed for 2023. |
| 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: Partial (Energy data verified) 🟢
- Carbon intensity: Not reported ⚠️
Efforts
- Energy-saving initiatives 🟢
- Waste management focus 🟢
- Electricity reduction 🌞
- Waste monitoring plan 🌱
Social Highlights
- 2 employees trained 🟢
- RM 1,224 community investment 🥗
- 240 training hours 🟢
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable initial steps by Milux Corporation Berhad in their 2023 Sustainability Statement, with a structured governance framework and alignment to international standards like IFRS and TCFD 🟢. The report includes quantifiable metrics such as energy consumption (979.78 GJ) and water usage (8.58 megalitres), alongside verified data for energy use. However, critical gaps exist, including the absence of GHG emissions data for Scopes 1, 2, and 3, which limits a full assessment of environmental impact ⚠️. Social and governance disclosures, while present, lack depth in measurable outcomes beyond basic training and community investment figures. Forward-looking commitments, such as starting emissions reporting in FY 2024, are promising but need specificity. The report could benefit from reducing generic statements and incorporating third-party verification for broader metrics, alongside detailed targets and outcomes to enhance credibility and transparency.
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