Tomcare Resources: 2023 Sustainability report (Bursa Malaysia)ESG Reporting, GHG Emissions, and PCF Assessments
Incorporated in 2014, Tomcare Resources is a leading manufacturer and supplier of original equipment manufacturer (OEM) parts and components for well-known car brands in the region, such as Toyota, Perodua, Proton, etc.
Tomcare Resources is highly aware of the challenges posed by global warming and the significant role that business activities play in contributing to greenhouse gas emissions. In response, Tomcare Resources has decided to implement a GHG Management System and build a GHG Inventory to develop strategies for reducing its environmental impact.
SuSciCo collaborated with Tomcare Resources to enhance its sustainability initiatives by developing an ESG Report in compliance with Bursa Malaysia requirements and conducting a comprehensive GHG inventory.
challenge
Working on the project we faced several challenges in advancing Tomcare Resources’s sustainability initiatives, from meeting regulatory requirements and stakeholder expectations to accurately measuring emissions and conducting detailed product assessments. These challenges required tailored solutions to address data complexities, ensure compliance, and demonstrate their environmental commitment effectively:
- Data Collection and Quality: Gathering accurate and comprehensive data across environmental, social, and governance dimensions can be complex, especially when data is dispersed across different departments or lacks standardization.
- Regulatory Compliance: Navigating diverse and evolving regulatory requirements poses a challenge, as organizations must stay updated with local and international standards to ensure compliance.
- Stakeholder Expectations: Balancing the varying expectations of stakeholders, including investors, customers, and regulators, requires transparent and consistent reporting practices.
solution
To address these challenges, SuSciCo provided tailored ESG reporting solutions to align with Bursa Malaysia’s requirements. We streamlined data collection processes across key departments to ensure information accuracy, consistency, and completeness. We identified and prioritized the most relevant sustainability issues through a structured materiality assessment, enabling the report to effectively meet stakeholder expectations.
Our expertise in regulatory frameworks ensured full compliance with Bursa Malaysia’s guidelines, while the development of transparent and structured reporting practices enhanced the company’s ability to communicate its sustainability efforts clearly and effectively. This approach not only fulfilled compliance obligations but also strengthened the organization’s credibility and reputation among investors and stakeholders.
results
Through SuSciCo’s guidance, the company successfully developed a comprehensive ESG report aligned with Bursa Malaysia’s requirements. The structured materiality assessment provided clear priorities for sustainability initiatives, while the streamlined data collection processes ensured accuracy and consistency. The final report met all regulatory standards, enhancing transparency and fulfilling stakeholder expectations. Additionally, the organization’s improved reporting practices bolstered its reputation, positioning it as a credible and responsible entity committed to long-term sustainability.
Key elements:
- Stakeholders Prioritization
- Stakeholders Engagement
- Materiality Assessment
- Risk management
- Current CSR Initiatives
- Short-, Medium-, and Long-term Goals
how can we help you?
Ready to align profitability with impactful ESG strategies? Contact us today to discuss how we can help your business thrive sustainably.
At Zero Waste Earth Store we are incredibly grateful for the exceptional GHG reporting services provided by SuSciCo. Their expertise and dedication played a crucial role in the promotion of our successful recycling campaign. Their accurate measurement and reporting of greenhouse gas emissions allowed us to showcase the significant environmental impact of our recycling efforts. Professionalism, attention to detail, and commitment to sustainability made SuSciCo an invaluable partner in our mission. I highly recommend their services to any organization seeking to make a positive environmental difference. Thank you, Ildar Usmanov, for your outstanding support!
