MK LAND HOLDINGS BERHAD
Malaysia | 8893.KL | Main
Reference
Report Year: 2024
Source Files: MK_Land_AR24_(Part_1).pdf
Sustainability Committee
Sustainability Oversight by Board 🟢
- Board oversight 🟢
- Management support 🟢
Reporting
Bursa Malaysia Guide, UNSDGs, GHG Protocol, Integrated Report 🟢
GHG Accounting
MK Land has made a commendable start in GHG accounting by establishing a baseline for Scope 1 (95 tCO₂e) and Scope 2 (3,030 tCO₂e) emissions in 2024, aligning with the GHG Protocol. The report details fuel and electricity consumption, reflecting transparency in operational data. However, Scope 3 emissions are not reported, limiting a comprehensive view of the carbon footprint. The absence of third-party verification and carbon intensity metrics are notable gaps. To improve, the company should expand its inventory to include Scope 3, pursue external assurance for credibility, and set clear reduction targets with timelines. These steps will strengthen alignment with Malaysia’s net-zero goals by 2050.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 95 tCO₂e 🟢 | |
| Scope2 | 3,030 tCO₂e 🟢 | |
| Scope3 | Not reported ⚠️ | Scope 3 emissions data not disclosed in the report. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: 2024 (Baseline established)
- Boundary inventory: Operational control for Scope 1 and 2 emissions across property, leisure, and renewable energy segments.
- Gwp basis: Not specified
- Standard: GHG Protocol
- Data collection approach: Internal data collection with baseline setting for fuel, electricity, and water consumption.
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Fuel baseline set 🟢
- 5R waste strategy 🟢
- EV charging stations 🌞
- Composting initiative 🌱
Social Highlights
- RM393,000 community investment 🟢
- 4,500+ individuals impacted 🟢
- 92 employees safety trained 🟢
- 92 volunteer hours 🟢
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Positive strides in sustainability reporting are evident in MK Land’s 2024 integrated report 🟢. The establishment of baselines for GHG emissions, energy, and water consumption demonstrates a commitment to quantifiable metrics, providing a foundation for future tracking. Community engagement, with RM393,000 invested and over 4,500 individuals impacted, reflects measurable social outcomes. However, the report lacks depth in forward-looking commitments ⚠️, with limited specific targets for emission reductions or timelines for net-zero alignment. Generic statements about sustainability integration are present but often unsupported by detailed evidence or third-party verification. To enhance credibility, MK Land could incorporate external assurance, expand Scope 3 emissions reporting, and articulate clearer, time-bound goals. Overall, the report offers a solid base but would benefit from greater specificity and accountability measures to match global ESG standards.
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