EG INDUSTRIES BERHAD
Malaysia | 8907.KL | Main
Reference
Report Year: 2024
Source Files: EG_Annual_Report_2024.md
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Risk Management Committee oversight 🟢
Reporting
GRI, SASB, TCFD, Integrated Report 🟢
GHG Accounting
EG Industries Berhad demonstrates a commendable effort in reporting GHG emissions across Scope 1, 2, and 3, with detailed figures for 2024 (Scope 1: 111 tCO₂e, Scope 2: 12,222 tCO₂e, Scope 3: 5,982 tCO₂e). The company discloses through the CDP platform, enhancing transparency. However, key details such as base year, GWP basis, and third-party verification are missing, limiting the robustness of the data. Strengths include a clear net zero strategy targeting 50% reduction by 2030. Improvements are needed in verifying data externally and specifying standards used for GHG accounting to align with global best practices.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 111 tCO₂e 🟢 | |
| Scope2 | 12,222 tCO₂e 🟢 | |
| Scope3 | 5,982 tCO₂e 🟢 | |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Covers active subsidiaries in Malaysia and Thailand (99% of revenue)
- Gwp basis: Not specified
- Standard: Not specified
- Data collection approach: Monthly monitoring by energy manager
- Third party verification: Not verified
- Carbon intensity: Not reported ⚠️
Efforts
- Solar panels, 320 MWh generated 🌞
- 3,000 shrubs planted, 2 tCO₂e offset 🌱
- 144,239 kg waste recycled 🟢
- Solar panels at 3 sites 🌞
Social Highlights
- 12,616 hours employee training 🟢
- 2,646 employees trained on safety 🟢
- RM 41,430 for community support 🥗
- 10,834 community beneficiaries 🥗
- THB 15,000 for 50 students 🥗
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable transparency in EG Industries Berhad’s 2024 sustainability report, with quantifiable metrics for GHG emissions, waste management, and social initiatives 🟢. The report excels in detailing Scope 1, 2, and 3 emissions and showcasing measurable outcomes like 320 MWh of solar energy generated and 144,239 kg of waste recycled. Forward-looking commitments, such as a 50% net zero target by 2030, add to its credibility. However, gaps remain in third-party verification and specification of GHG accounting standards ⚠️, which could enhance data reliability. Additionally, some sections rely on generic statements like 'committed to sustainability' without deeper evidence of impact. The company could improve by incorporating external assurance for key data and providing more granular forward-looking targets for environmental and social goals.
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