EKOVEST BERHAD

Malaysia | 8877.KL | Main

By Sustify.world AI model | 2025-05-24

Ekovest Berhad, an investment holding company, engages in civil engineering and building works in Malaysia, the United States, Japan, and the People's Republic of China. It operates through Construction Operations, Property Development, Toll Operations, Plantation, Food and Beverages, Property Investment, and Others segments. The company is involved in project management for construction works; property development and investment; renewable energy; trade of quarry stones and commercial goods; and operation of hotel and restaurant, as well as acts as project coordinator and manager for a River of Life project. It constructs, operates, manages, and maintain park and ride building; designs, construct, operates, manages, and maintains, the Duta-Ulu Kelang and Setiawangsa-Pantai expressways; manages and operates a forest plantation, logging, sawmilling, chipping, other downstream manufacturing and related activities, and oil palm plantation, as well as undertakes construction works. In addition, the company engages in owning estate, operating, managing, maintaining, and harvesting of durian, banana, and pineapple plantation; other durian-related business; trade of foods and beverages; design and development of durian investment scheme; planting and cultivation of agriculture products; and forest plantation development and logging-related activities. Further, it trades in fresh and processed fruits; manages contract farming; wholesale of variety goods; and packages, wholesales, trades, and exports, bananas and pineapples. It provides fruit stalls; operates as a durian collection, processing, and packaging center; and manufactures, produces, trades, markets, and exports biomass wood pallets and other wood products, as well as durian and related downstream products. The company was formerly known as Ekovest Bina Sdn. Bhd. and changed its name to Ekovest Berhad in 1992. Ekovest Berhad was incorporated in 1985 and is headquartered in Kuala Lumpur, Malaysia.

Reference

Report Year: 2024
Source Files: Ekovest_Bhd_-_Annual_Report_2024_Part_2_(pg_34-76).pdf

Sustainability Committee

No sustainability committee formed ⚠️

Reporting

Integrated Report, No specific framework mentioned ⚠️

GHG Accounting

EKOVEST BERHAD's sustainability report for 2024 lacks detailed information on GHG emissions accounting. There is no mention of Scope 1, Scope 2, or Scope 3 emissions, nor any data on base year, boundary, or inventory. No third-party verification or adherence to standards like GHG Protocol or ISO 14064 is reported, which limits the credibility of any environmental claims. The report also does not address carbon intensity or specific data collection approaches. A significant improvement is needed in quantifying emissions data and establishing a clear GHG inventory to align with global sustainability standards. Incorporating measurable targets and verification would enhance transparency and accountability in future reports.

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
Data collection approach: Not reported
Third party verification: Not verified ⚠️
Carbon intensity: Not reported ⚠️

Efforts

Social Highlights

Community involvement 🥗 (Specific numbers or impact not provided ⚠️)
Charity efforts 🥗 (Specific numbers or impact not provided ⚠️)
Limited data available ⚠️
Limited data available ⚠️
Limited data available ⚠️

Governance

Salary disclosure: Can't find ⚠️

Report Quality

Room for improvement in EKOVEST BERHAD's 2024 sustainability report. While the report highlights a commitment to ESG matters and mentions initiatives like materiality assessments for specific business segments, it lacks quantifiable actions and measurable outcomes ⚠️. Statements on sustainability governance and green operating approaches are generic, with no specific metrics or verified data to substantiate claims. There is also an absence of forward-looking commitments, such as net-zero targets or emission reduction goals, which are critical for demonstrating long-term vision. The integrated report format is a positive step 🟢, but it could benefit from adopting recognized frameworks like GRI or TCFD for structure and credibility. To enhance future reports, the company should focus on providing specific, verifiable data and incorporating third-party verification to build trust among stakeholders.

Tags:

Construction Property

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