TEXCHEM RESOURCES BERHAD
Malaysia | 8702.KL | Main
Reference
Report Year: 2024
Source Files: Texchem_Annual_Report_(part_1).pdf
Sustainability Committee
Sustainability Steering Committee (Members Unknown) 🟢
- Developed strategies 🟢
- Oversight of initiatives 🟢
Reporting
Bursa Malaysia Guideline, UNSDGs, Integrated Report 🟢
GHG Accounting
Texchem Resources Berhad's GHG accounting efforts in 2024 are underdeveloped, with no specific data provided for Scope 1, 2, or 3 emissions. The report mentions a reduction of 1,652 tonnes of CO₂ through renewable energy use (2,585 MWh from solar PV panels), which is a positive step. However, key elements such as base year, boundary, GWP basis, and accounting standards are absent, limiting transparency. There is also no third-party verification, as explicitly stated in the report, reducing credibility. Improvements are needed in comprehensive GHG inventory reporting, adoption of recognized standards like GHG Protocol, and external assurance to validate data. Addressing these gaps will strengthen Texchem's climate accountability and align with global best practices.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | Scope 1 emissions data not provided in the report. |
| Scope2 | Not reported ⚠️ | Scope 2 emissions data not provided in the report. |
| Scope3 | Not reported ⚠️ | Scope 3 emissions data not provided in the report. |
| 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
- 1,652 tonnes CO₂ reduced 🟢
- Solar PV panels 🌞
- Water recycling initiative 💧
Social Highlights
- RM83,667 for 129 beneficiaries 🥗
- 2,089 employees trained 🟢
- 81,631 training hours 🟢
- RM30,000 for patient care 🥗
- Limited data available ⚠️ (Additional social impact metrics not detailed.)
Governance
- Salary disclosure: Can't find ⚠️
Report Quality
Commendable initial steps by Texchem Resources Berhad in their 2024 integrated sustainability report 🟢. The report highlights quantifiable actions like RM83,667 invested in community programs and 1,652 tonnes of CO₂ reduction through renewable energy, demonstrating measurable outcomes. The inclusion of sustainability-linked KPIs for the Board and senior management is a positive move towards accountability. However, significant gaps exist ⚠️, particularly in GHG accounting, where Scope 1, 2, and 3 emissions data are absent, and there is no third-party verification. Forward-looking commitments, such as specific net-zero targets or detailed climate strategies, are vague, with generic statements like 'reducing environmental impact' lacking evidence. Texchem could benefit from adopting global frameworks like GRI or TCFD, incorporating external assurance, and providing clearer, time-bound goals to enhance credibility and transparency in future reports.
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