Climate Change Data

CN Asia Corporation Bhd

Climate Impact & Sustainability Data (2024)

Reporting Period: 2024

Environmental Metrics

Total Energy Consumption:692,826 kWh
Water Consumption:4,749 m3
Waste Generated:188.3 tons (scrap), 5.1 tons (FRP)

ESG Focus Areas

  • Health, Safety, and Environment (HSE)
  • Social
  • Governance

Environmental Achievements

  • Reduced energy consumption per RM’000 revenue by 8.8% (compared to FYE 2021)
  • Reduced water consumption per RM’000 revenue (compared to FPE 2023)
  • Achieved less than 4% FRP wastage annually
  • Reduced paper consumption by 18% (compared to FPE 2023)

Social Achievements

  • Maintained employee turnover rate of not more than 30%
  • Maintained zero child labour within the Group
  • Achieved zero lost time fatalities annually
  • Offered internship programs and employed interns in permanent positions
  • Organized a “Clean the River” campaign

Governance Achievements

  • Maintained zero substantiated complaints concerning breaches of customer privacy and losses of customer data
  • Implemented Anti-Bribery and Corruption Policy
  • Implemented Whistleblowing Policy

Climate Goals & Targets

Medium-term Goals:
  • Reduce energy consumption per RM’000 revenue by 10% by 2030
  • Achieve 30% female employees by 2030
  • Achieve 30% female director by 2030
  • Ensure all employees receive training on anti-corruption by FYE 2025
  • Ensure continuous increase positive impact in community investment
Short-term Goals:
  • Achieve improved customer satisfaction level annually
  • Maintain a minimum of 70% material sourcing from local suppliers
  • Reduce water consumption per RM’000 revenue by 10% by 2030
  • Achieve not more than 4% FRP wastage annually
  • Maintain employee turnover rate of not more than 30%
  • Maintain zero child labour within the Group
  • Achieve zero lost time fatalities annually
  • Maintain zero substantiated complaint concerning breaches of customer privacy and losses of customer data

Environmental Challenges

  • Continued uncertainty of the global economic and geopolitical environment and the volatility of the Malaysian Ringgit
  • Inflation, foreign currency fluctuations, and interest rate adjustments
  • Challenges in recruiting sufficient local and/or foreign workers
  • Keen competition in the industry
  • Increasing credit risks exposed to the moneylending business
Mitigation Strategies
  • Precautionary measures to manage price competitiveness
  • Strengthening core business in manufacturing segment and exploring new opportunities and markets
  • Strict credit checks on potential borrowers and monitoring existing borrowers
  • Focus on product development, continuous improvement initiatives, and strengthening supply chain
  • Settlement Agreement with SMTRACK Berhad to reduce credit risk exposure

Supply Chain Management

Supplier Audits: Annual evaluations on all active suppliers and contractors

Responsible Procurement
  • Purchasing Procedure
  • Supplier Selection, Evaluation and Re-evaluation Procedure
  • Prioritising procurement of goods and services from local suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: MMLR of Bursa Securities, Sustainability Reporting Guide issued by Bursa Securities

Certifications: ISO 9001:2015