Climate Change Data

YB VENTURES BERHAD [200001013437 (516043-K)]

Climate Impact & Sustainability Data (2019, 2021-01 to 2022-06)

Reporting Period: 2019

Environmental Metrics

ESG Focus Areas

  • Sustainability (Economic, Environmental, Social)

Social Achievements

  • Established a safety culture and encourages reporting of unsafe acts.

Governance Achievements

  • Established a Code of Conduct and Ethics.
  • Established a whistleblowing policy.
  • Achieved 40% women directors on the Board.

Climate Goals & Targets

Environmental Challenges

  • Highly competitive ceramic tile industry in Malaysia.
  • Slowing property market leading to excess supply capacity.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Malaysian Code on Corporate Governance (MCCG), Corporate Governance Guidelines issued by Bank Negara Malaysia

Reporting Period: 2021-01 to 2022-06

Environmental Metrics

Total Energy Consumption:33 kwh
Water Consumption:39,409 m3

ESG Focus Areas

  • Environmental, Social and Governance (ESG)

Environmental Achievements

  • Installation of a rooftop solar photovoltaic (PV) system at its factory building and warehouse in Kulai near Johor Bahru to reduce utility costs.
  • Zero incidences of environmental non-compliance during the reporting period.
  • Implemented on-site closed-circuit water circulation system to recycle and reuse wastewater.
  • Sourced and harvested rainwater for usage to minimize freshwater extraction.

Social Achievements

  • Investment in learning and training initiatives for employees, covering technical training, safety and health, and soft skills development.
  • Provided 28 training programs with approximately 303.5 training hours (average 0.6 hours per employee).
  • Offered competitive remuneration packages with on-the-job benefits, including annual leaves, medical coverage, and group life insurance.
  • Granted share options to eligible employees under the Employees Share Options Scheme.

Governance Achievements

  • Established and adopted an Anti-Bribery and Corruption (ABC) policy.
  • Enforced a Code of Conduct for Directors and employees.
  • Provided a whistle-blowing channel for reporting unethical behaviors or non-compliance.

Climate Goals & Targets

Long-term Goals:
  • Expand IT services abroad.
  • Tap into opportunities in the rising demand for renewable energy.
  • Generate sustainable recurring income stream from renewable energy business segment.
Medium-term Goals:
  • Continue to invest in the R&D team to develop a new range of innovative products.
  • Explore opportunities to export Talos Living Tiles to other countries.
  • Implement a warehousing management system and a customer relationship management system.
Short-term Goals:
  • Expand production capacity by around 50% by upgrading existing production lines and adding four additional new production lines over the next two years.

Environmental Challenges

  • Prolonged COVID-19 pandemic impacting the economy and property market.
  • Inflationary pressure due to rising commodity and raw material prices and increased labor costs.
  • Global economic slowdown negatively impacting business and consumer sentiment.
  • Political and regulatory risks due to changes in the Malaysian government.
  • Competition from local players and cheaper imports.
  • Rising labour costs following the implementation of the new minimum wage in Malaysia.
  • Shortage in labour following the reopening of the economy.
Mitigation Strategies
  • Disciplined capital management to ensure business sustainability.
  • Close monitoring of operational costs, particularly natural gas usage.
  • Installation of a solar PV system to reduce utility costs.
  • Disciplined expansion strategy.
  • Close tracking and monitoring of policy and regulation changes.
  • Cultivating close relationships with partners and distributors and product innovation.
  • Development of Talos Living Tiles.
  • Enhancing manufacturing efficiency and productivity.
  • Improved inventory management with a higher emphasis on just-in-time production.

Supply Chain Management

Responsible Procurement
  • Encouraging sustainable environmental practices among suppliers.
  • Prioritising local procurement (approximately 80% of total purchases from local suppliers).

Climate-Related Risks & Opportunities

Opportunities
  • Shift towards renewable energy to mitigate rising utility costs.

Reporting Standards

Frameworks Used: GRI Standards, Bursa Malaysia’s Sustainability Reporting Guide, United Nations Sustainability Development Goals, YB Ventures’ Sustainability Framework

Certifications: MS ISO 9001:2008 Quality Management System, MS ISO 13006:2003 for Product Quality Certification, TÜV SÜD (Singapore branch), Gmicro Testing by Guangdong Detection Center of Microbiology

Sustainable Products & Innovation

  • Talos Living Tiles