Climate Change Data

Keck Seng (Malaysia) Berhad

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Renewable Energy Share:44.67% (Manufacturing Segment)
Total Energy Consumption:48,470.03 MWh/year
Water Consumption:672.23 ML/year
Waste Generated:1,049.08 tons/year

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced power cost by more than 40% through renewable energy from methane gas captured from POME treatment process in the Manufacturing Segment.
  • Achieved 100% waste diversion from disposal in the Plantations Segment.
  • Installed a new dust particulate arrestor system in the Manufacturing Segment to reduce dust particulate emission.

Social Achievements

  • Invested RM92,818,12 in community projects.
  • Conducted Social Impact Assessments for Plantations and Manufacturing Segments.
  • Provided 10,699 hours of employee training.

Governance Achievements

  • Established a standard operating procedure to govern the Anti-Bribery & Anti-Corruption Policy.
  • Established a Responsible Sourcing Team to achieve NDPE commitments and 100% traceability to plantation rate.
  • Maintained various certifications (RSPO, MSPO, ISCC, HACCP, GMP, ISO 9001, Kosher, Halal).

Climate Goals & Targets

Long-term Goals:
  • Reduce carbon footprint across all segments.
Medium-term Goals:
  • Achieve 50% FFB sourced in accordance to certified environmental or sustainable standards in Manufacturing.
Short-term Goals:
  • Reduce water consumption by 3% in Property Development and Manufacturing.
  • Reduce power consumption by 3% in Manufacturing and Property Development.

Environmental Challenges

  • Intense competition and fluctuating commodity prices impacting Plantations and Manufacturing Segments.
  • Downtrend in the market for RSPO-certified oils impacting Refinery performance.
  • Higher interest rates impacting property sales in the Property Development Segment.
Mitigation Strategies
  • Conservative marketing strategy to mitigate foreign exchange volatility.
  • Adjusting buying strategy of inputs (FFB) in the Manufacturing Segment.
  • Focusing on efficiency and competitive positioning in Plantations and Manufacturing.
  • Capitalizing on improved consumer sentiment and strategic projects in Property Development.

Supply Chain Management

Supplier Audits: 58 suppliers assessed for environmental and social impacts (Manufacturing)

Responsible Procurement
  • Sourcing supplies locally where practical and quality/pricing are comparable.
  • Vetting new suppliers for environmental and social impacts.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Bursa Securities' Sustainability Reporting Guide (3rd edition)

Certifications: RSPO, MSPO, ISCC, HACCP, GMP, ISO 9001, Kosher, Halal

Third-party Assurance: Internal Audit Department