FORMOSA PROSONIC INDUSTRIES BERHAD
Malaysia | 9172.KL | Main
Reference
Report Year: 2022
Source Files: Annual_Report_2022.pdf
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
Integrated Report, No specific frameworks mentioned ⚠️
GHG Accounting
FORMOSA PROSONIC INDUSTRIES BERHAD's 2022 sustainability report lacks detailed GHG accounting. There is no reporting on Scope 1, 2, or 3 emissions, despite electricity and water usage data being provided. No frameworks or standards such as GHG Protocol or ISO 14064 are mentioned, and key details like base year, boundary, and third-party verification are absent. While the report highlights energy consumption (23,552,000 kWh in 2022), it does not translate this into emissions data. Improvements needed include adopting a recognized GHG accounting framework, reporting absolute emissions across all scopes, and seeking third-party verification to enhance credibility. Establishing a base year and clear boundaries would also strengthen tracking and reporting efforts.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data on Scope 1 emissions provided. |
| Scope2 | Not reported ⚠️ | No data on Scope 2 emissions provided. Electricity usage reported but not converted to emissions. |
| 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 specified ⚠️
- Boundary inventory: Not specified ⚠️
- Gwp basis: Not specified ⚠️
- Standard: Not specified ⚠️
- Data collection approach: Not specified ⚠️
- Third party verification: Not mentioned ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- 5S waste reduction 🟢
- Electricity efficiency initiatives 🌞
- Metal scrap recycling 🌱
Social Highlights
- 2,672 staff with diverse representation 🟢
- 3R training for employees 🥗
- Technical skills training 🟢
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Moderate Effort with Significant Gaps 🟢. FORMOSA PROSONIC INDUSTRIES BERHAD's 2022 integrated sustainability report provides a foundation for sustainability disclosure but lacks depth in critical areas. The report includes some quantifiable data like electricity usage (23,552,000 kWh) and water consumption (72,000 m³), which is commendable. However, it fails to translate these into emissions data or adopt recognized frameworks like GRI or TCFD ⚠️. Measurable outcomes and third-party verification are absent, and there are no forward-looking commitments such as net-zero targets. Many statements, such as 'committed to green development,' remain generic and unsupported by evidence ⚠️. To improve, the company should incorporate specific GHG accounting, set measurable targets, and seek external validation. Enhancing social and governance disclosures with concrete impact metrics would also strengthen credibility.
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