LOTUS KFM BERHAD
Malaysia | 8303.KL | Main
Reference
Report Year: 2024
Source Files:
Sustainability Committee
Sustainability Steering Committee (SSC) 🟢
- Reviewed Sustainability Statement 🟢
Reporting
Bursa Malaysia Guide, Integrated Report 🟢
GHG Accounting
LOTUS KFM BERHAD's sustainability report for 2024 lacks detailed information on GHG accounting. There is no reporting on Scope 1, Scope 2, or Scope 3 emissions, and critical elements such as base year, boundary, GWP basis, and verification status are missing. This absence of data hinders a comprehensive assessment of their environmental impact. To improve, the company should establish a GHG inventory, adopt recognized standards like the GHG Protocol, and consider third-party verification for credibility. Additionally, reporting on carbon intensity metrics could provide deeper insights into operational efficiency. Addressing these gaps will strengthen their environmental accountability and align with stakeholder expectations.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data on Scope 1 emissions provided. |
| Scope2 | Not reported ⚠️ | No data on Scope 2 emissions provided. |
| Scope3 | Not reported ⚠️ | No data on Scope 3 emissions provided. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not reported ⚠️
- Boundary inventory: Not reported ⚠️
- Gwp basis: Not reported ⚠️
- Standard: Not reported ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- No data available ⚠️
- No data available ⚠️
- No data available ⚠️
- No data available ⚠️
Social Highlights
- Stakeholder engagement 🥗
- Limited data available ⚠️ (Insufficient quantifiable social initiatives reported.)
- Limited data available ⚠️ (Insufficient quantifiable social initiatives reported.)
- Limited data available ⚠️ (Insufficient quantifiable social initiatives reported.)
- Limited data available ⚠️ (Insufficient quantifiable social initiatives reported.)
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Room for Improvement in LOTUS KFM BERHAD's 2024 sustainability report. While the report acknowledges the importance of sustainability and mentions stakeholder engagement, it lacks quantifiable actions and measurable outcomes ⚠️. There are no specific metrics on emissions, waste reduction, or social impact initiatives, which limits the ability to assess progress. Additionally, the absence of forward-looking commitments or targets (e.g., net-zero goals) reduces transparency on future plans. The content appears generic, with statements like 'continuous sustainability journey' lacking supporting evidence. To enhance credibility, the company could include specific data on environmental and social impacts, adopt globally recognized frameworks like GRI or TCFD, and outline clear, time-bound targets. Third-party verification would also strengthen trust. Overall, the report provides a starting point but needs significant depth to meet stakeholder expectations 🟢.
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