LB ALUMINIUM BERHAD
Malaysia | 9326.KL | Main
Reference
Report Year: 2024
Source Files: LBALUM_Annual_Report_2024.md
Sustainability Committee
Sustainability Management Committee (Members: Unknown) 🟢
- Oversees initiatives 🟢
- Monitors targets 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
LB Aluminium Berhad demonstrates a commendable start in GHG accounting by reporting Scope 1, 2, and partial Scope 3 emissions for FY2024, with a carbon intensity of 1.15 kg CO₂e per kg of aluminium produced. Strengths include detailed emission data and training for accurate reporting. However, Scope 3 data is limited for prior years, and there is no mention of third-party verification, which reduces credibility. Improvements are needed in expanding Scope 3 coverage and obtaining external assurance. The adoption of renewable energy like solar power is a positive step towards reducing emissions. Setting ambitious targets (e.g., 15% GHG reduction by 2027) is promising but requires robust verification mechanisms to ensure accountability.
Emissions
| Scope | Value | Note |
|---|
Other Details
- Base year: FY2024
- Boundary inventory: Covers facilities owned and controlled by the Group (Scope 1), purchased electricity (Scope 2), and employee commuting/business travel (Scope 3).
- Gwp basis: DEFRA Condensed Set 2023 (Scope 1 & 3), SIRIM Electricity Emission Factors (Scope 2)
- Standard: Not explicitly stated
- Data collection approach: GHG calculation tool and training completed in FY2024 for accurate reporting.
- Third party verification: Not verified ⚠️
- Carbon intensity: 1.15 kg CO₂e/kg, not verified ⚠️
Efforts
- 15% reduction target 🟢
- 49.25% waste diverted 🟢
- Solar power at 5.57 MWp 🌞
- 43.7% recycled materials 🌱
Social Highlights
- 90 employees trained 🟢
- MYR 236K for 5,525 beneficiaries 🥗
- 438 employees trained 🟢
- 88% customer satisfaction 🟢
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable Foundation in sustainability reporting by LB Aluminium Berhad for FY2024 🟢. The integrated report aligns with GRI and TCFD frameworks, offering transparency in GHG emissions and material matters. Quantifiable actions like a 49.25% waste diversion rate, 43.7% recycled materials, and specific GHG reduction targets (15% by 2027) are notable strengths. Forward-looking commitments such as carbon neutrality by 2050 add ambition. However, the report lacks third-party verification for emissions data, reducing credibility ⚠️. Some social impact metrics are limited, and governance disclosures (e.g., salary transparency) are missing. While measurable outcomes exist, certain sections rely on generic statements like 'committed to sustainability' without evidence. The company could benefit from external assurance, deeper Scope 3 reporting, and more detailed social impact data to elevate report quality.
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