MAH SING GROUP BERHAD
Malaysia | 8583.KL | Main
Reference
Report Year: 2023
Source Files: Mah_Sing_Integrated_Annual_Report_2023_Part_1.md, Mah_Sing_Integrated_Annual_Report_2023_Part_2.md, Mah_Sing_Integrated_Annual_Report_2023_Part_3.md, Mah_Sing_Sustainability_Report_2023.md
Sustainability Committee
Board Risk and Sustainability Committee 🟢
- 3 meetings 🟢
- Reviewed risks & sustainability 🟢
Reporting
GRI, TCFD, IFRS S1, IFRS S2, Separate Report 🟢
GHG Accounting
Comprehensive GHG reporting for Scope 1 (4,351 tCO₂e), Scope 2 (28,688 tCO₂e), and partial Scope 3 (1,529.09 tCO₂e) in 2023, demonstrating a strong effort to track emissions across operations. Strengths include alignment with GHG Protocol and IPCC AR5 standards, and detailed boundary coverage. However, lack of third-party verification limits credibility of data. Improvements needed include external validation of emissions data and setting a clear base year for target tracking. Expanding Scope 3 reporting to include more categories could provide a fuller picture of indirect impacts. Overall, Mah Sing shows commitment but must enhance verification and transparency to meet global standards.
Emissions
| Scope | Value | Note |
|---|
Other Details
- Base year: Not specified
- Boundary inventory: Covers Group operations including headquarters, manufacturing facilities (MSPI, PTMSI, MSHC), property investments, sales galleries, offices, and construction sites under operational control.
- Gwp basis: IPCC Fifth Assessment Report (AR5), 100-year timeframe
- Standard: GHG Protocol Corporate Accounting and Reporting Standard
- Data collection approach: Data collected from fuel consumption (Scope 1), purchased electricity (Scope 2), and employee commuting (Scope 3) across all divisions.
- Third party verification: Not verified ⚠️
- Carbon intensity: 12.69 tCO₂e/RM million, not verified ⚠️
Efforts
- Avoided 1,860.1 tCO₂e via solar 🌞
- Recycled 1,793.8 tons of waste 🟢
- Solar panels at MSPI 🌞
- 100% recyclable plastics 🌱
Social Highlights
- 2,189 employees 🟢
- 24,003 training hours 🟢
- RM812,000 donated, 900 impacted 🥗
- 75.1% engagement score 🟢
- Zero fatalities 🟢
Governance
- Salary disclosure: Disclosed 🟢
- Litigation: Can't find ⚠️
Report Quality
Commendable effort by Mah Sing Group Berhad in their 2023 Sustainability Report 🟢. The report provides a robust foundation with detailed metrics on GHG emissions, energy consumption, and social initiatives like training hours (24,003) and community investments (RM812,000). Measurable outcomes such as Scope 1 and Scope 2 emissions data and waste recycling figures (1,793.8 tons) add credibility. The inclusion of forward-looking commitments, like a 20% reduction in Scope 2 emissions intensity by 2025 for Star Avenue Lifestyle Mall, is a positive step 🟢. However, generic statements on sustainability commitment lack specific evidence in some areas, and the absence of third-party verification for GHG data is a notable gap ⚠️. To enhance future reports, Mah Sing could incorporate external assurance for emissions data and provide more granular targets across all scopes. Overall, the report shows dedication but could benefit from greater specificity and validation to strengthen stakeholder trust.
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