MULTI-USAGE HOLDINGS BERHAD
Malaysia | 9539.KL | Main
Reference
Report Year: 2024
Source Files: MUH_-_Annual_Report_2024.md
Sustainability Committee
No sustainability committee formed ⚠️
Reporting
IFRS S1, IFRS S2, TCFD, Integrated Report 🟢
GHG Accounting
MULTI-USAGE HOLDINGS BERHAD demonstrates a foundational effort in GHG accounting for FY 2024, with Scope 2 (30.26 tCO₂e) and Scope 3 (15.85 tCO₂e) emissions reported and verified through limited assurance by ASAP Advisory PLT, enhancing credibility. However, Scope 1 emissions are not reported, limiting a complete emissions profile. The absence of a base year, GWP basis, and detailed standards hinders comparability and transparency. Energy consumption decreased to 139.67 GJ in 2024, reflecting operational changes. Improvements are needed in reporting Scope 1 data, establishing a base year for tracking progress, and specifying GHG accounting standards. Expanding Scope 3 categories beyond commuting would provide a fuller picture of indirect emissions.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | Scope 1 emissions data not available. |
| Scope2 | 30.26 tCO₂e 🟢 | Verified by independent assurance. |
| Scope3 | 15.85 tCO₂e 🟢 | Limited to business commuting; verified by independent assurance. |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: Not specified
- Boundary inventory: Operations in Malaysia
- Gwp basis: Not specified
- Standard: Not specified
- Data collection approach: Not specified
- Third party verification: Yes, for Scope 2 and Scope 3 (limited assurance by ASAP Advisory PLT)
- Carbon intensity: Not reported ⚠️
Efforts
- Energy reduced to 139.67 GJ 🟢
- Waste monitoring initiated ⚠️
- Eco-friendly materials under review 🌱
- Energy-efficient designs prioritized 🌞
Social Highlights
- RM 24,665 community investment 🥗
- 9 beneficiaries supported 🟢
- 42 training hours (management) 🟢
- Employee engagement event 🥗
- Limited data available ⚠️ (Additional social impact metrics not reported.)
Governance
- Salary disclosure: Can’t find ⚠️
- Litigation: Can’t find ⚠️
Report Quality
Commendable initial steps are evident in MULTI-USAGE HOLDINGS BERHAD’s 2024 Sustainability Statement, with quantifiable metrics like Scope 2 (30.26 tCO₂e) and Scope 3 (15.85 tCO₂e) emissions, energy consumption (139.67 GJ), and community investment (RM 24,665) reported 🟢. The integration of IFRS and TCFD frameworks adds credibility. However, the report lacks depth in key areas, such as Scope 1 emissions and waste management data, limiting a comprehensive ESG assessment ⚠️. Forward-looking commitments, like establishing a Sustainability Committee by FY 2025, are promising but vague without specific timelines or targets. Generic statements on sustainability goals lack measurable outcomes. To improve, the company should prioritize third-party verification for all GHG scopes, expand waste and water metrics, and provide clearer, time-bound targets. This report offers a solid foundation but could benefit from greater specificity and accountability.
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