ECO WORLD DEVELOPMENT GROUP BERHAD
Malaysia | 8206.KL | Main
Reference
Report Year: 2024
Source Files: Eco_World_-_Integrated_Annual_Report_2024.md, Eco_World_-_Sustainability_Report_2024.md
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Biannual Board Reports 🟢
- Initiative Oversight 🟢
Reporting
GRI, TCFD, IFRS S2, Separate Report 🟢
GHG Accounting
EcoWorld demonstrates a strong commitment to GHG accounting with detailed reporting of Scope 1 (1,254 tCO₂e), Scope 2 (4,478 tCO₂e), and limited Scope 3 (90,190 tCO₂e) emissions for 2024, using a 2019 baseline. Partial third-party verification adds credibility to electricity, waste, and water data. The adoption of renewable energy (e.g., solar PV systems avoiding 627 tCO₂e) is commendable. However, Scope 3 reporting is limited to specific categories, missing broader supply chain impacts. Improvement is needed in expanding Scope 3 coverage and disclosing carbon intensity metrics per revenue or other denominators for comparability. A clearer GWP basis would also enhance transparency.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 1,254 tCO₂e 🟢 | |
| Scope2 | 4,478 tCO₂e 🟢 | |
| Scope3 | 90,190 tCO₂e (limited categories) 🟢 | Includes Categories 5, 6, 7, and 13 ⚠️ |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: 2019
- Boundary inventory: Operational control across developments
- Gwp basis: Not specified
- Standard: GHG Protocol
- Data collection approach: Calculated based on occupied floor space for intensity metrics
- Third party verification: Partially verified (electricity, water, waste, health & safety data)
- Carbon intensity: Not reported ⚠️
Efforts
- 24% Scope 2 Reduction 🟢
- 627 tCO₂e Avoided 🟢
- 9% Waste Recycled 🟢
- Solar PV Systems (1,955 kWp) 🌞
- REC Auction Participation 🌱
Social Highlights
- RM1.56M Training Investment 🟢
- 1,987 Students Supported 🥗
- RM2.34M CSR Investment 🥗
- 45% Women in Workforce 🟢
- Zero Incidents (46.96M Hours) 🟢
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable effort by EcoWorld in their 2024 Sustainability Report 🟢. The report showcases quantifiable actions such as a 24% reduction in Scope 2 emissions and recycling 9% of construction waste, supported by partial third-party verification for key metrics. Forward-looking commitments like the Net Zero by 2050 Roadmap demonstrate ambition. However, there are gaps ⚠️: Scope 3 emissions reporting is limited to select categories, lacking comprehensive supply chain data. Generic statements about 'sustainability commitment' occasionally lack specific outcomes or timelines. To enhance credibility, EcoWorld could expand Scope 3 coverage, provide carbon intensity metrics, and ensure broader third-party assurance across all ESG data. Overall, the report provides a solid foundation but would benefit from deeper granularity and transparency in these areas.
Tags:
Looking for ESG Strategy & Improvement?
Disclaimer:
This is AI model generated summary based on certain rules set by Sustify.world perspective. If the reader finds the information is incorrect, they can always approach us by sending email admin@sustify.world.
Need Expert help?
Contact us TODAY for sustainability strategy, reporting, and outsourcing services.