Working on the project we faced several challenges in advancing Shan Poornam’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.

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 accuracy, consistency, and completeness of information. Through a structured materiality assessment, we identified and prioritized the most relevant sustainability issues, 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.