FITTERS DIVERSIFIED BERHAD
Malaysia | 9318.KL | Main
Reference
Report Year: 2024
Source Files: FITTERS_-_AR_2024_(Part_1).pdf
Sustainability Committee
Sustainability Framework Led by Board 🟢
- Framework Development 🟢
- Implementation Oversight 🟢
Reporting
Bursa Malaysia Guidelines, Integrated Report 🟢
GHG Accounting
FITTERS Diversified Berhad demonstrates initial efforts in GHG accounting by reporting Scope 1 (9,100 MT CO₂e), Scope 2 (349.2 MT CO₂e), and Scope 3 (100 MT CO₂e) emissions for 2024, limited to two subsidiaries. The report sets 2024 as the index year for baseline data, which is a positive step for future benchmarking. However, data collection is not comprehensive across all operations, and there is no third-party verification, reducing credibility. Additionally, carbon intensity metrics and GWP basis are absent, limiting depth. The company plans to expand data coverage in future reports, which is encouraging. Improvement is needed in achieving group-wide reporting, adopting recognized standards like GHG Protocol, and securing external assurance to enhance transparency and reliability.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 9,100 MT CO₂e 🟢 | |
| Scope2 | 349.2 MT CO₂e 🟢 | |
| Scope3 | 100 MT CO₂e 🟢 | |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: 2024 (index year for baseline data)
- Boundary inventory: Limited to subsidiaries Solid Orient Holdings and Future NRG
- Gwp basis: Not specified
- Standard: MS1073 Part 3:1996
- Data collection approach: Limited to specific subsidiaries, plans for comprehensive data next year
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- Subsidiary Emissions Reported 🟢
- 1 MT Hazardous Waste Diverted 🟢
- LED Lighting Adopted 🌞
- 3R Practices Promoted 🌱
Social Highlights
- 68 Employees Trained on Safety 🟢
- RM1,000 Community Investment 🥗
- 719.5 Training Hours 🟢
- Limited Data Available ⚠️
- Limited Data Available ⚠️
Governance
- Salary disclosure: Can’t Find ⚠️
- Litigation: Can’t Find ⚠️
Report Quality
Commendable Initial Steps by FITTERS Diversified Berhad in their 2024 sustainability report 🟢. The integrated report, aligned with Bursa Malaysia Guidelines, provides a structured overview of environmental, social, and governance efforts. Strengths include quantifiable metrics such as Scope 1-3 emissions data, energy consumption (1,157,262 kWh/year), and waste management figures (e.g., 1 MT hazardous waste diverted). However, the report lacks depth in several areas ⚠️, with data limited to specific subsidiaries and no third-party verification for GHG accounting. Social impact reporting is minimal, with modest community investment (RM1,000). Forward-looking commitments are vague, lacking specific targets like net-zero timelines. To improve, FITTERS could incorporate group-wide data collection, pursue external assurance, and set measurable goals for sustainability outcomes. This report serves as a foundation but needs more evidence-based content to avoid generic statements.
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