BRITE-TECH BERHAD
Climate Impact & Sustainability Data (2021, 2022, 2023)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Economic
- Environmental
- Social
- Governance
Environmental Achievements
- Initiatives in reducing the impact that our business operations have on the environment
- Optimising resources and reducing waste generation
- Recycling waste where possible and responsible disposal of non-recyclable waste
- Energy conservation initiatives (switching off unused lights and air conditioning, paper management, energy-saving light bulbs)
- Encouraging communication via email to reduce paper usage
Social Achievements
- Commitment to developing employees
- Encouraging employee diversity and providing equal opportunities
- Prioritising employee safety and well-being
- Providing opportunities for employee training
Governance Achievements
- Commitment to good corporate governance practices and transparency
- Establishment of Board Committees (Audit, Remuneration, Nomination)
- Implementation of Directors’ Code of Conduct
- Establishment of Whistleblowing Policy and Anti-Bribery and Anti-Corruption Policy
Climate Goals & Targets
Environmental Challenges
- Competition from numerous companies in the environmental products and services sector
- Dependence on key personnel
- Impact of COVID-19 pandemic and movement control orders
Mitigation Strategies
- Focus on retaining existing customers and securing new ones based on quality, service range, price competitiveness, timely delivery, sales personnel accessibility, and meeting customer requirements
- Attracting and retaining key management personnel through employee benefits and incentives
- Implementing cost-saving measures and stringent cost control
- Exploring and assessing viable business and investment opportunities
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Sustainability
Governance Achievements
- Adopted a Board Charter outlining roles, functions, and responsibilities.
- Adopted the Code of Ethics for Company Directors established by the Companies Commission of Malaysia.
- Established a Whistleblowing policy.
Climate Goals & Targets
Environmental Challenges
- Lack of detailed breakdown of sustainability strategies, priorities, and targets in the Annual Report.
- Board's approach to staying abreast of sustainability issues is not fully aligned with best practices.
- Performance evaluations of the board and senior management did not include a review of their performance in addressing material sustainability risks and opportunities.
Mitigation Strategies
- Directors are encouraged to attend relevant training programs on sustainability issues.
- The Nomination Committee conducts an annual assessment of the Board and senior management.