Climate Change Data

Coraza Integrated Technology Berhad

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:82,911 tCO2e/year
Scope 1 Emissions:80,663 tCO2e/year
Scope 2 Emissions:2,248 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:3,518,323 kWh/year
Water Consumption:18,552 m3/year
Waste Generated:35.67 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Economic
  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Initiated efforts aimed at diverting waste from disposal, including increasing recycling initiatives and reducing single-use materials.
  • Implemented energy-saving practices such as switching off unused lighting and electronic equipment, and installing solar panel lighting in the carpark.
  • Reduced overall energy consumption by 20.42%.

Social Achievements

  • Minimized safety and health-related incidents, with only two cases reported.
  • Conducted 5,947 hours of training with an average of 9 training hours per employee per annum.
  • Decreased employee turnover rate from 6.32% in FY 2022 to 3.46% in FY 2023.
  • Contributed RM12,503 to the community through various CSR programs.

Governance Achievements

  • Established a robust sustainability governance structure, including clearly defined roles and responsibilities and regular reporting and review mechanisms.
  • Implemented various cybersecurity measures to enhance the security of its business model against cyber threats.
  • Adhered to a zero-tolerance policy against all forms of bribery and corruption; no incidents reported.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Further growth in aerospace sector with mass production purchase orders
  • Continue capacity expansion and engineering advancements
Short-term Goals:
  • Reduce water consumption
  • Reconnect solar power system at newly acquired plant

Environmental Challenges

  • Soft market sentiment due to a global cyclical downturn in the Electronics and Electricals industry, leading to a 43.72% decline in revenue and a loss after tax.
  • Construction delays for the new factory.
  • Talent acquisition and retention in a competitive market.
Mitigation Strategies
  • Investing RM31.70 million in acquisitions of a factory building and high-end complex machineries for capacity enhancements.
  • Accelerating its growth strategy by tapping into emerging opportunities in telecommunication, life science, and aerospace segments.
  • Implementing a reward and recognition program and a Long Term Incentive Plan to attract and retain top talent.
  • Pursuing strategies to ascend the value chain and diversify into wider product offerings.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Thorough vendor set-up procedure
  • Prioritising fairness, transparency, and adherence to responsible business practices

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Bursa Malaysia’s Sustainability Reporting Guide 3rd Edition, Guidance Note 11 of Bursa Malaysia’s ACE Market Listing Requirements

Certifications: ISO 9001:2015, AS 9100D, ISO 14001:2015, ISO 45001:2018

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed