Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic Sustainability
• Environmental Sustainability
• Social Sustainability

Environmental Achievements

• Reduced electricity consumption by 11,633 kWh from 95,334 kWh in 2019 to 83,701 kWh in 2020.
• Reduced Scope 1 CO2-e emissions from 32.6 tonnes in 2019 to 30.1 tonnes in 2020.
• Reduced Scope 2 CO2-e emissions from 55.8 tonnes in 2019 to 49.0 tonnes in 2020.
• Reduced Scope 3 CO2-e emissions from 4.4 tonnes in 2019 to 1.2 tonnes in 2020.
• Implemented an online document submission system to minimize paper waste.

Social Achievements

• Increased workforce from 169 in 2019 to 186 in 2020.
• Maintained a zero accident rate.
• Implemented various safety training and initiatives.
• Provided monetary and in-kind donations to various charitable organizations.
• 100% local hiring including engineers and supervisors at all projects

Governance Achievements

• Established and adopted an Anti-Bribery and Corruption Policy.
• Implemented an Ethics and Compliance Whistleblowing Policy and Procedures.
• No major incidences of non-compliance with regards to unethical conduct.

Climate Goals & Targets

Environmental Challenges

• Significant economic uncertainty due to the COVID-19 pandemic.
• Temporary suspension of project operations and supply chain disruptions.

Mitigation Strategies

• Focus on plans and business strategies for future growth and business expansion.
• Expanding beyond the Klang Valley and entering neighboring ASEAN markets.
• Supporting the building and financing of energy-efficiency systems.
• Diversifying its service base to offer customized energy efficiency solutions.

Supply Chain Management

Supplier Audits: Biannual supplier evaluations

Responsible Procurement

• Purchasing materials from local suppliers whenever possible; 100% of suppliers for mechanical and electrical business are local.
• Supplier sourcing assessment processes include social and environmental elements.
• Suppliers must abide by standards of quality, operational excellence, social and environmental responsibility, and business ethics.
• Suppliers must comply with Malaysian Labour Law and ILO standards.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: Global Reporting Initiative (GRI) Standards, Bursa Malaysia Sustainability Reporting Guide (2nd edition), FTSE4Good Sustainability Index Series, ISO 26000:2010, United Nations Sustainable Development Goals (UNSDGs)

Certifications: ISO 9001:2015, Class A Energy Commission certification, Grade 7 CIDB registration

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Customisable Energy Service Solutions (Zero CapEx Scheme), Cogeneration and Waste Heat Recovery systems, Solar Photovoltaics (PV) Systems, Building Management Systems (BMS)

Awards & Recognition

• Class A Energy Commission certification; Grade 7 CIDB registration; ISO 9001:2015

Environmental Metrics

ESG Focus Areas

• Occupational Health and Safety
• Business Ethics and Corporate Governance
• Anti-corruption
• Economic Performance
• Human Rights, Rights of Employees/Workers and Labour Issues
• Energy and GHG Emissions

Environmental Achievements

• Reduced energy consumption by 1,768,570 kWh through chiller optimization, avoiding 1,034 tCO2e emissions.
• Reduced energy consumption of 847,908 kWh and reduced CO2 emissions of 496 tCO2e at BMC Mall.
• Co-generation plant generated 3,328,891 kWh of electricity.
• Waste heat recovery project generated 7,254,829 kWh, avoiding 4,244 tCO2e emissions.
• Solar PV project generated 214,572.94 kWh, avoiding 126 tCO2e emissions.

Social Achievements

• Developed a more holistic approach to stakeholder engagement.
• Conducted sustainability training for employees and board members.
• Published inaugural Sustainability Handbook for employees.
• Implemented Human Rights Policy and Diversity Policy.

Governance Achievements

• Established a Sustainability Team to manage sustainability matters.
• Developed 4 new and updated sustainability-related policies.
• Published inaugural TCFD Report.
• Established whistleblowing and grievance mechanisms.

Climate Goals & Targets

Environmental Challenges

• Data fluctuations due to the COVID-19 pandemic in 2020.
• Identifying and managing Scope 3 emissions.

Mitigation Strategies

• Using 2021 as the base year for emissions tracking.
• Focusing initially on Scope 1 and 2 emissions, with plans to expand to Scope 3 in later stages.
• Transitioning to virtual engagements to reduce business travel emissions.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Contract provisions requiring subcontractors to prepare and implement safety plans.

Climate-Related Risks & Opportunities

Physical Risks

• Severe weather

Transition Risks

• Regulatory changes

Opportunities

• Development of energy-efficient products and renewable energy solutions

Reporting Standards

Frameworks Used: GRI Standards: Core option, GHG Protocol Corporate Accounting and Reporting Standard, TCFD recommendations

Certifications: ISO 45001:2018 (to be certified by 2022)

Third-party Assurance: Board of Directors approval

UN Sustainable Development Goals

• Goal 3
• Goal 5
• Goal 7
• Goal 8
• Goal 9
• Goal 12
• Goal 13
• Goal 14
• Goal 15
• Goal 16

Various initiatives contribute to these goals as detailed throughout the report.

Sustainable Products & Innovation

• Chiller optimization solutions
• Co-generation
• Waste heat recovery
• Solar photovoltaic systems

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Governance
• Human Rights
• Waste Management
• Occupational Health and Safety
• Sustainable Energy Solutions

Environmental Achievements

• Reduced carbon dioxide emissions through renewable energy generation (2,955 tCO2e avoided)
• Avoided emissions from chiller optimization (722.19 tCO2e)
• Avoided emissions from waste heat recovery (5,797.32 tCO2e)
• Increased solar photovoltaic energy generation by more than twenty times from 2021 to 2022
• Implemented environmentally sound material and waste management practices
• Implemented construction waste management plan across all project sites
• Reduced paper consumption through digitization initiatives
• Utilized remanufactured carbon-neutral computers to reduce e-waste

Social Achievements

• Launched employee well-being programs, including annual medical expenses and insurance plans
• Provided parental leave to employees
• Conducted multiple sustainability training programs (TCFD, GRI standards, greenhouse gas and net zero commitment)
• 105 hours of volunteering service contributed in 2022
• Donated MYR40,994.47 to the community in 2022
• 100% local hiring including engineers and supervisors at all projects

Governance Achievements

• Established a Board Sustainability Committee with clear terms of reference
• Implemented the Taskforce on Climate-related Financial Disclosures (TCFD) recommendations
• Established and adopted the Group’s Ethics and Compliance Whistleblowing Policy and Procedures
• Implemented an Integrated Management System (IMS) incorporating ISO 9001, ISO 14001, and ISO 45001
• Complied with the Malaysian Code of Corporate Governance (MCCG) and Main Market Listing Requirements (MMLR)

Climate Goals & Targets

Environmental Challenges

• Increase in Scope 1 and Scope 2 emissions due to expansion of co-generation business
• High paper consumption in business operations
• Significant amount of materials consumed and waste generated during operations

Mitigation Strategies

• Exploring Renewable Energy Certificates (REC) to reduce Scope 2 emissions
• Implementing digitization targets to reduce paper consumption
• Implementing environmentally sound material and waste management practices
• Utilizing remanufactured carbon-neutral computers to reduce e-waste
• Implementing construction waste management plan across all project sites

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Compliance with government regulations
• Strict compliance to safety and health standards
• Communication of anti-corruption policies

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI Standards 2021, GHG Protocol

Certifications: ISO 9001, ISO 14001, ISO 45001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 5
• Goal 6
• Goal 7
• Goal 8
• Goal 9
• Goal 11
• Goal 12
• Goal 13
• Goal 15
• Goal 17

The Group's initiatives contribute to these goals through various environmental, social, and governance programs.

Sustainable Products & Innovation

• Chiller optimization
• Co-generation
• Waste heat recovery
• Solar photovoltaic systems

Awards & Recognition

• Listed on FTSE4Good Index