IJM Inches Up The ESG Ladder With Improvements In Data Collection
IJM Inches Up The ESG Ladder With Improvements In Data Collection
The Industry Division's notable achievement in FY24 includes reducing cement content in concrete spun piles by 12.8%, which has led to a 5.7% decrease in the group's greenhouse gas emissions. This division remains the largest contributor to IJM's GHG emissions, accounting for 65% of the total in FY24.IJM Corporation has updated its ESG score to 68 out of 100, reflecting improvements in data collection, governance, and climate strategy implementation. This score is a notable increase from the previous rating of 63 and indicates that IJM is performing above average in its environmental, social, and governance practices.
IJM公司已將其ESG評分更新至100分中的68分，反映了在數據收集、治理和氣候策略實施方面的改進。這一分數較上次63分的評級有顯着提高，並表明IJM在其環境、社會和治理實踐中表現優異。
The company's recent FY24 Annual & Corporate Governance Reports reveal significant strides in sustainability. Notably, IJM has expanded its sustainability reporting to include 130 operational sites and entities across Malaysia and India, up from 126 sites in FY23. Additionally, IJM has refined its emissions reporting by segregating emissions from subcontractors' construction activities under Scope 3, which were previously included under Scope 1 and 2. This adjustment resulted in a minor increase in total emissions by 0.9% year-on-year, with Scope 1 and 2 emissions accounting for 7.7% of the total, down from 10.1% in FY23.
公司最近的FY24年度及公司治理報告顯示，在可持續性方面取得了顯著進展。值得注意的是，IJM已將其可持續性報告擴大至包括130個馬來西亞和印度地區的營運地點和實體，比FY23年的126個地點增加。此外，IJM通過將分包商施工活動的排放分隔到第三範圍下，而非之前的第一和第二範圍，優化了其排放報告。這一調整導致年同比總排放量輕微增加了0.9%，其中第一和第二範圍的排放佔總量的7.7%，低於FY23年的10.1%。
In terms of governance, IJM established the Risk Management & Sustainability Committee in November 2023. This committee is tasked with overseeing the group's Sustainability Framework and directing sustainability initiatives, including climate change matters. The introduction of IJM's Climate Strategy, R2O, in April 2023, demonstrates a commitment to reducing emissions and adapting to climate change. R2O outlines ambitious net-zero targets: Scope 1 by 2050, Scope 2 by 2035, and Scope 3 emissions (operational and embodied) with various deadlines up to 2027.
在治理方面，IJM於2023年11月成立了風險管理和可持續性委員會。該委員會負責監督集團的可持續性框架，並指導包括氣候變化在內的可持續發展舉措。IJM於2023年4月推出了其氣候策略R2O，展示了減少排放和適應氣候變化的承諾。R2O制定了雄心勃勃的零淨排放目標：到2050年實現第一範圍的零淨排放，到2035年實現第二範圍的零淨排放，以及到2027年各種最後期限的第三範圍排放（操作和實體）。
The Industry Division's notable achievement in FY24 includes reducing cement content in concrete spun piles by 12.8%, which has led to a 5.7% decrease in the group's greenhouse gas emissions. This division remains the largest contributor to IJM's GHG emissions, accounting for 65% of the total in FY24.
行業部門在FY24年取得的顯著成就包括混凝土樁中水泥含量的減少12.8％，導致集團溫室氣體排放減少了5.7％。該部門仍是IJM溫室氣體排放的主要貢獻者，佔FY24年總量的65％。
Despite these advancements, Maybank Stock Broking House maintained a BUY recommendation on IJM Corporation with a revised RNAV-based target price of MYR3.70. The current share price stands at MYR2.98, suggesting a potential upside of 27% based on the target price.
儘管取得了這些進展，馬來亞銀行證券經紀公司仍維持對IJM公司的買入建議，並將基於修正的RNAV設定目標價調整爲MYR3.70。當前股價爲MYR2.98，根據目標價，可能的上漲空間爲27％。