KESM INDUSTRIES BERHAD
Malaysia | 9334.KL | Main
Reference
Report Year: 2024
Source Files: KESMI_Annual_Report_2024.md
Sustainability Committee
Sustainability Committee (2 pax) 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
KESM Industries Berhad demonstrates a structured approach to GHG accounting, reporting Scope 1 emissions at 2,347 tCO₂e, Scope 2 at 52 ktCO₂e, and Scope 3 at 551 tCO₂e for FY2024. A positive step is the initiation of Scope 3 inventory for Business Travel and Employee Commuting, following GHG Protocol methodology. However, data is limited to specific categories, and third-party verification is absent, which impacts credibility. The lack of a defined base year and GWP basis also hinders comparability. KESMI should prioritize external assurance, expand Scope 3 reporting, and clarify base year data to strengthen its GHG accounting framework.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 2,347 tCO₂e 🟢 | |
| Scope2 | 52 ktCO₂e 🟢 | |
| Scope3 | 551 tCO₂e 🟢 | Limited to Business Travel and Employee Commuting categories |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Operational control across all Group companies
- Gwp basis: Not specified
- Standard: GHG Protocol
- Data collection approach: Combination of direct measurement and estimation
- Third party verification: Not verified ⚠️
- Carbon intensity: Not specified ⚠️
Efforts
- 22% Scope 1 reduction 🟢
- 4% Scope 2 reduction 🟢
- 1,740 MWh renewable energy 🌞
- 3% energy reduction 🟢
Social Highlights
- Board training on sustainability 🟢
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable effort by KESM Industries Berhad in integrating sustainability into its FY2024 report 🟢. The report provides detailed metrics on GHG emissions, including Scope 1, 2, and partial Scope 3 data, alongside energy consumption reductions (e.g., 3% decrease in total energy use). The adoption of GRI and TCFD frameworks adds structure to the disclosures. However, key gaps remain ⚠️, such as the absence of third-party verification for emissions data and limited Scope 3 reporting. Social impact metrics are sparse, lacking quantifiable outcomes for employee or community initiatives. Forward-looking commitments are present but lack specificity (e.g., perpetual 2% electricity reduction target). The report could benefit from external assurance, broader Scope 3 coverage, and more measurable social outcomes to enhance credibility and depth. Overall, a solid foundation with room for improvement.
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