FSBM HOLDINGS BERHAD
Malaysia | 9377.KL | Main
Reference
Report Year: 2023
Source Files: FSBM_Annual_Report_2023_-_Part_2.pdf
Sustainability Committee
Sustainability Committee (Unknown pax) 🟢
- Oversight of initiatives 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
FSBM Holdings Berhad demonstrates a foundational approach to GHG accounting by reporting Scope 1 (7.46 tCO₂e) and Scope 2 (8.72 tCO₂e) emissions for 2023, primarily from fuel and electricity consumption. The data benefits from third-party verification for selected indicators, enhancing credibility. However, Scope 3 emissions are not reported, limiting the completeness of the inventory. Additionally, critical details such as base year, GWP basis, and specific standards (e.g., GHG Protocol) are missing, which hinders comparability. The company should prioritize comprehensive Scope 3 reporting and adopt standardized frameworks to improve transparency and align with global best practices.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 7.46 tCO₂e 🟢 | |
| Scope2 | 8.72 tCO₂e 🟢 | |
| Scope3 | Not reported ⚠️ | Scope 3 emissions not disclosed ⚠️ |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Operational control (Malaysia)
- Gwp basis: Not specified
- Standard: Not specified
- Data collection approach: Fuel consumption and electricity usage data
- Third party verification: Yes (selected indicators)
- Carbon intensity: Not reported ⚠️
Efforts
- 40% reduction target by 2030 🟢
- 30% paper reduction target 🟢
- R&D for industrial efficiency 🌞
- Industry 4.0 adoption 🌱
Social Highlights
- RM3,000 CSR donation 🟢
- 22 employees in team-building 🟢
- Cash benefits to employees 🟢
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable start by FSBM Holdings Berhad in integrating sustainability into its 2023 report 🟢. The use of GRI and TCFD frameworks provides a structured approach, and third-party verification of selected indicators adds credibility. Quantifiable actions, such as a 40% GHG reduction target by 2030 and paper usage reduction goals, are positive steps. However, the report lacks depth in measurable outcomes for social initiatives and forward-looking commitments beyond environmental targets ⚠️. Generic statements like 'commitment to sustainability' are present without sufficient evidence of impact. To enhance future reports, FSBM could incorporate Scope 3 emissions data, provide detailed governance disclosures (e.g., executive salaries), and set measurable social impact goals. Overall, the report lays a solid foundation but would benefit from greater specificity and transparency.
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