MESB Berhad

Climate Impact & Sustainability Data (2020-07 to 2021-06)

Total Energy Consumption:75,759

Reduced energy consumption by 8.67% during FYE2020 and FYE2021 due to government-imposed lockdowns.
Implemented various good practices to reduce energy consumption across business operations (e.g., 'Turn off before you take off' campaign).

90% of staff received their first dose of Covid-19 vaccine and 80% received their second dose by 31 August 2021.
100% of employees are local hires.
Implemented various health and safety measures to protect employees from COVID-19 (e.g., standard operating procedures, social distancing, sanitisation).

All Directors completed the Mandatory Accreditation Program (MAP).
Established a Sustainability Committee Workgroup (SCW) chaired by the CEO to oversee sustainability matters.
Adopted an Anti-Corruption and Bribery Policy and a Whistleblowing Policy.

Medium-term Goals:

Streamlining Sustainability Committee Workgroup and management systems to support MESB’s sustainability agenda by 2023.
Conducting Sustainability Workshops on MESB’s Sustainability Policy by 2023.
Developing necessary sustainability procedures in management systems by 2023.
Internal audit by Sustainability Committee Workgroup by 2023.

Short-term Goals:

Incorporating sustainability elements into more sections of MESB’s business by 2023.
Further strengthening governance and processes related to sustainability by 2023.
Enhancing stakeholder engagement process annually.
Developing Supplier Code of Conduct and Supplier Non-Compliance Protocol by 2023.

Third wave of the Covid-19 pandemic significantly distorted trading and operations, particularly in the retailing business.
Widespread temporary retail store closures imposed by the government.
Significant disruptions in the supply chain due to public health restrictions.
Highly competitive and rapidly evolving fashion retail industry.
Seasonal fluctuations in customer spending.
Uncertainties from new investments and ventures.
Risk of information system failures and security breaches.
Financial risks from credit, liquidity, foreign currency exchange rates, and interest rates.
External risks from global and market economic conditions.
Third-party risks from suppliers and intellectual property.
Fluctuations in commodity prices in the waste recycling business.

Implemented various health and safety measures and adapted to the new normal.
Diversified into waste recycling business.
Realigned focus on product offerings and marketing strategies to suit post-coronavirus trends.
Constantly monitoring changes in market conditions and consumer sentiment.
Continuously enhancing product quality and innovating designs.
Improving customer service and collecting customer feedback.
Carrying out proper due diligence and monitoring post-acquisition progress.
Implementing cybersecurity policies.
Putting in place stringent credit control procedures.
Monitoring foreign exchange fluctuations.
Sourcing from multiple suppliers to reduce operational interruptions.
Maintaining close relationships with licensors.
Closely monitoring inventory turnover periods.

Prioritising procurement of goods and services from local suppliers.
Expecting suppliers to legally comply with Human Rights standards (Corruption and Bribery Prohibition, Basic Human Rights, Child Labour, Employee Health & Safety, and Environmental Protection).

Frameworks Used: GRI, Bursa Securities Sustainability Reporting Guide