LAY HONG BERHAD
Malaysia | 9385.KL | Main
Reference
Report Year: 2023
Source Files: Lay_Hong_-_Annual_Report_2023.pdf
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
Bursa Malaysia Guide, Integrated Report 🟢
GHG Accounting
LAY HONG BERHAD's 2023 sustainability report lacks detailed GHG accounting. There is no data on Scope 1, 2, or 3 emissions, nor any mention of a base year, boundary, or inventory. The report does not specify the GWP basis, standards used, or data collection methods. Additionally, there is no indication of third-party verification, which is critical for credibility. While the company mentions energy and water savings as material matters, quantifiable metrics or reduction targets are absent. To improve, the company should establish a comprehensive GHG inventory, adopt recognized standards like the GHG Protocol, and pursue third-party verification for transparency and accountability.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data on Scope 1 emissions provided. |
| Scope2 | Not reported ⚠️ | No data on Scope 2 emissions provided. |
| Scope3 | Not reported ⚠️ | No data on Scope 3 emissions provided. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
Efforts
- No data ⚠️
- Waste management focus 🟢
- No data ⚠️
- No data ⚠️
Social Highlights
- Safe workplace priority 🟢
- Talent development focus 🟢
- Diversity & inclusion 🟢
- Limited data available ⚠️ (Insufficient quantifiable social initiatives reported.)
- Limited data available ⚠️ (Insufficient quantifiable social initiatives reported.)
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Room for improvement in LAY HONG BERHAD's 2023 sustainability report. While the report demonstrates a structured materiality assessment guided by Bursa Malaysia’s Sustainability Reporting Guide 🟢, it lacks depth in quantifiable actions and measurable outcomes. Topics like energy savings, water savings, and waste management are identified as material, but specific metrics or targets are absent ⚠️. There are no forward-looking commitments or forecasts, such as net-zero targets, which could provide strategic direction. The report also misses critical GHG accounting data and third-party verification. To enhance credibility, the company should include specific, verifiable metrics for environmental and social impacts, establish clear sustainability targets, and adopt globally recognized frameworks like GRI or TCFD. Overall, the report provides a foundation but needs more substance to reflect true sustainability performance.
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