61 MANAGING OUR KEY ESG RISKS GOOD GOVERNANCE SUSTAINABLE ECONOMIC GROWTH ENVIRONMENTAL STEWARDSHIP EMPOWERING PEOPLE AND COMMUNITIES APPENDIX ENVIRONMENTAL STEWARDSHIP Total Fuel Consumption & Scope 1 - Direct GHG Emissions In 2023, we observed a 6.7% rise in fuel consumption compared to FY2022 resulting an increase in our Scope 1 direct GHG emission. This increase can be attributed to increased corporate travels in recent years, as business activities resumed to pre-pandemic normalcy. Notes: 1. Total energy consumption data is converted from kilowatt per hour (kWh) to Gigajoule to align with sustainability reporting requirement with Bursa Malaysia, conversion metric is guided by energy conversion calculator from the US Government’s Energy Information Administration. The reported total energy consumption in gigajoules includes fuel and purchased electricity consumptions. 2. Operational GHG emissions refers to direct emissions, where the source of emissions is from KIBB owned and/ or controlled vehicles and building premises. These refer to Scope 1 and Scope 2 of GHG Emissions. Notes: 1. The fuel consumption data consists of petrol consumption data as all KIBB-owned vehicles use petrol. 2. Scope 1 emissions are calculated based on fuel consumption from KIBB-owned vehicles, converted using emission factors sourced from the 2006 Intergovernmental Panel on Climate Change (“IPCC”) Guidelines for National Greenhouse Gas Inventories. Total Energy Consumption1 (GJ) Total Fuel Consumption1 (litres) 19,389.9 17,890.3 12,520.6 18,209.1 17,059.1 12,291.5 Total Operational GHG Emission2 - Scope 1 & 2 (tCO 2e) – Kenanga Tower & Branches Total Fuel Consumption (GJ) 3,639.5 610.0 3,325.4 571.5 2,578.9 411.8 29.3 40.6 43.4 Scope 1 Direct GHG Emissions2 (tCO 2e) FY2023 FY2022 FY2021 FY2023 FY2022 FY2021 FY2023 FY2022 FY2021 FY2023 FY2022 FY2021 FY2021 FY2022 FY2023 Energy Management & Greenhouse Gas Emissions (“GHG Emissions”) We continuously monitor our energy management which includes electricity and fuel consumption to identify opportunities to improve our energy efficiency. Following the completion of the enhancements made to the AC and AHU systems, we transitioned into the monitoring phase in 2023. As we continue to track and monitor the Group’s GHG emissions, we derived our Scope 1 GHG emissions from fuel consumption data of company-owned vehicles, while our Scope 2 emissions calculations for 2023 are based on purchased electricity consumption throughout Kenanga Tower (“KT”) and our branch offices. For Scope 3, we continue to monitor our GHG emissions to track emissions generated from business travel, employing the spend-based method. Aligned with our Sustainability Roadmap 2023-2025, we have expanded our Scope 3 GHG emissions data to also include emissions generated from employee commuting, measured using a distance-based method. Following sections showcases our energy consumption and GHG emissions data: Summary of Total Energy Consumption & Operational GHG Emission Scope 1 & Scope 2
RkJQdWJsaXNoZXIy MTc1ODMy