PARAGON UNION BERHAD
Malaysia | 9407.KL | Main
Reference
Report Year: 2023
Source Files: Paragon-_Annual_Report_2023.md, Paragon_-_Annual_Report_2023.md
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
Integrated Report, No Specific Framework Mentioned ⚠️
GHG Accounting
PARAGON UNION BERHAD's 2023 sustainability report lacks detailed information on GHG accounting. No data is provided for Scope 1, Scope 2, or Scope 3 emissions, and critical elements such as base year, boundary, GWP basis, and verification status are absent. While the report mentions energy and water management as material matters, it fails to quantify emissions or reduction efforts. Significant improvements are needed, including establishing a GHG inventory, adopting recognized standards like the GHG Protocol, and ensuring transparency through third-party verification. Without measurable data, the environmental impact of the Group's operations remains unclear, limiting stakeholder trust 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
- Base year: Not reported ⚠️
- Boundary inventory: Not reported ⚠️
- Gwp basis: Not reported ⚠️
- Standard: Not reported ⚠️
- Data collection approach: Not reported ⚠️
- Third party verification: Not reported ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- No efforts reported ⚠️
- Waste management commitment 🟢
- No adoption reported ⚠️
- No changes reported ⚠️
Social Highlights
- Zero accidents target 🟢
- Talent retention focus 🟢
- Community support 🥗
- Limited data available ⚠️
- Limited data available ⚠️
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Room for Improvement in PARAGON UNION BERHAD's 2023 sustainability report. While the report identifies material matters such as energy, waste management, and social contributions, it lacks quantifiable actions and measurable outcomes ⚠️. Generic statements like 'adopt efficiency in fossil fuel' are present, but without specific metrics or verified data, the impact remains unclear. There are no forward-looking commitments, such as net-zero targets or emission reduction goals, which are critical for demonstrating long-term vision. The integrated report format is a positive step 🟢, but adopting recognized frameworks like GRI or TCFD would enhance credibility. To improve, the Group should include detailed GHG data, third-party verification, and specific, time-bound targets. This would provide stakeholders with a clearer understanding of the company's sustainability progress and accountability.
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