TEO GUAN LEE CORPORATION BERHAD
Malaysia | 9369.KL | Main
Reference
Report Year: 2024
Source Files: TGL_Annual_Report_2024.md
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Board Oversight 🟢
- Stakeholder Engagement 🟢
Reporting
TCFD, Integrated Report 🟢
GHG Accounting
Teo Guan Lee Corporation Berhad's GHG accounting in 2024 shows limited progress, with only electricity usage data (251,219 kWh) reported, likely reflecting Scope 2 emissions. However, there is no explicit quantification in tCO₂e, and Scope 1 and Scope 3 emissions are entirely unreported. Key elements such as base year, boundary, GWP basis, and verification status are missing, indicating a significant gap in comprehensive GHG reporting. While the company demonstrates intent to reduce energy consumption through initiatives like LED lighting, the lack of standardized metrics and third-party verification limits credibility. Improvement is needed in adopting frameworks like the GHG Protocol, setting clear targets, and ensuring third-party verification to enhance transparency and accountability in emissions reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data on Scope 1 emissions provided. |
| Scope2 | 251,219 kWh (2024) 🟢 | Scope 2 emissions inferred from electricity usage, not explicitly quantified as tCO₂e. |
| 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
- AC set to 24°C 🟢
- Mindful lighting usage 🟢
- 2,009 kg waste paper recycled 🟢
- Adopted LED lights 🌞
- Used carton packaging 🌱
Social Highlights
- 885 training hours 🟢
- 674 trained on anti-bribery 🟢
- RM2,096 donation 🥗
- 100 sets donated 🥗
- ESG staff outing 🥗
Governance
- Salary disclosure: Can’t find ⚠️
Report Quality
Commendable initial steps are evident in Teo Guan Lee Corporation Berhad’s 2024 sustainability report, with quantifiable data on electricity usage (251,219 kWh) and waste recycling (2,009 kg) 🟢. The integrated report highlights social initiatives like employee training (885 hours) and community donations, reflecting measurable outcomes. However, the report lacks depth in GHG accounting, with no explicit Scope 1 or 3 emissions data and missing details on base year or verification ⚠️. Forward-looking commitments, such as net-zero targets, are absent, and some statements remain generic, e.g., 'committed to sustainability,' without supporting evidence. To improve, the company should adopt standardized frameworks like the GHG Protocol, incorporate third-party verification, and set clear, time-bound sustainability goals. This would elevate the report from a foundational effort to a robust, actionable plan.
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