LYSAGHT GALVANIZED STEEL BERHAD
Malaysia | 9199.KL | Main
Reference
Report Year: 2023
Source Files: Lysaght_-_Annual_Report_2023.md
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- CEO-chaired Committee 🟢
- Quarterly Board Updates 🟢
Reporting
Bursa Malaysia Guide, Integrated Report 🟢
GHG Accounting
Lysaght Galvanized Steel Berhad's 2023 sustainability report lacks detailed GHG accounting data, with no Scope 1, 2, or 3 emissions reported. While the company acknowledges its role in climate change and mentions a 12% reduction in electricity consumption (4,980 GJ in 2023), there is no structured emissions inventory, base year, or standard (e.g., GHG Protocol) specified. Third-party verification is absent for environmental data, though limited assurance by KPMG PLT covers selected social indicators. Key improvements needed include establishing a comprehensive GHG inventory, adopting international standards, and ensuring verification of environmental metrics to enhance credibility and transparency in reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No specific Scope 1 data provided in the report. |
| Scope2 | Not reported ⚠️ | No specific Scope 2 data provided in the report. |
| Scope3 | Not reported ⚠️ | No specific Scope 3 data 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 ⚠️
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- 12% electricity reduction 🟢
- 210 MT waste diverted 🟢
- LED lighting adoption 🌞
- Durable galvanized products 🌱
Social Highlights
- 47 employees trained 🟢
- RM69,887 community investment 🥗
- 1,071 training hours 🟢
- 90% customer satisfaction 🟢
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
Report Quality
Commendable initiative by Lysaght Galvanized Steel Berhad in integrating sustainability into its 2023 report 🟢. The report showcases quantifiable actions like a 12% reduction in electricity consumption and 210 MT of waste diverted from disposal, alongside social metrics such as training hours and community investment. However, there are significant gaps, particularly in GHG emissions reporting with no Scope 1, 2, or 3 data, base year, or verification ⚠️. Forward-looking commitments, such as specific net-zero targets, are also missing. While the report aligns with Bursa Malaysia guidelines, it contains generic statements like 'commitment to sustainability' without sufficient measurable outcomes. To improve, Lysaght could incorporate a detailed GHG inventory, adopt international frameworks like GRI or TCFD, and seek third-party verification for environmental data. This would enhance credibility and provide a clearer roadmap for stakeholders.
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