WCT HOLDINGS BERHAD
Malaysia | 9679.KL | Main
Reference
Report Year: 2023
Source Files: WCT_AR_2023_(page_38_-_end).pdf
Sustainability Committee
Sustainability Committee (5 pax) 🟢
- Quarterly meetings 🟢
Reporting
GRI, TCFD, Integrated Report 🟢
GHG Accounting
WCT Holdings Berhad demonstrates a structured approach to GHG accounting, reporting Scope 1 (16.4k tCO₂e), Scope 2 (45.8k tCO₂e), and Scope 3 (126.1k tCO₂e) emissions for 2023, following the GHG Protocol. The strength lies in comprehensive data collection across Malaysian operations, with a clear boundary covering all business divisions. However, third-party verification is absent, which limits credibility. Scope 3 reporting includes business travel and employee commuting, a positive step, but lacks depth in other categories. The company has set a target to reduce Scope 1 and 2 emissions intensity by 30% by 2030 (baseline 2022), showing commitment. Improvement is needed in obtaining external assurance and expanding Scope 3 disclosures for a holistic view.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 16.4k tCO₂e 🟢 | |
| Scope2 | 45.8k tCO₂e 🟢 | |
| Scope3 | 126.1k tCO₂e 🟢 | Includes business travel and employee commuting |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported. |
Other Details
- Base year: 2022
- Boundary inventory: Covers operations in Malaysia across Engineering & Construction, Property Development, and Property Investment & Management divisions
- Gwp basis: IPCC AR6 (100-year timeframe)
- Standard: GHG Protocol Corporate Accounting and Reporting Standard
- Data collection approach: Sourced from official records and stakeholder data (e.g., contractors)
- Third party verification: Not verified ⚠️
- Carbon intensity: Not reported ⚠️
Efforts
- 10% electricity intensity reduction target 🟢
- 4,408.3 kg waste diverted 🟢
- Solar tower lights 🌞
- Green Energy Tariff Programme 🌱
Social Highlights
- 480 beneficiaries impacted 🟢
- 5,264 training hours 🟢
- 354 new hires 🟢
- RM3.36M for community 🟢
- 253 volunteering hours 🟢
Governance
- Salary disclosure: Can't find ⚠️
Report Quality
Commendable effort by WCT Holdings Berhad in producing a detailed sustainability report for 2023 🟢. The report excels in providing quantifiable actions such as specific GHG emission figures (e.g., Scope 1: 16.4k tCO₂e) and waste diversion metrics (4,408.3 kg), alongside clear targets like a 30% reduction in emissions intensity by 2030. Forward-looking commitments are evident with plans for green financing and expanded Scope 3 disclosures. However, the lack of third-party verification for GHG data is a notable gap ⚠️, reducing credibility. Additionally, while social initiatives are well-documented, some areas like governance disclosures (e.g., salary transparency) remain vague. The report could benefit from reducing generic statements and incorporating external assurance for emissions data to enhance trust. Overall, it provides a solid foundation but needs sharper focus on measurable outcomes and verification.
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