Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic
• Environmental
• Social

Environmental Achievements

• Reduced CO2 emissions by 1,488.92 tCO2e through solar energy projects (2021 & 2022)
• Initiatives to reduce energy consumption (continuous maintenance, equipment upgrades, efficient utilization of stationeries, light-off during lunch hour)
• Waste water management in compliance with local regulations

Social Achievements

• Provided more than 30 panel clinics for employee healthcare
• Implemented workplace safety measures (frequent inspections, experienced contractors, job orientation and training)
• Offered various employee benefits (uniform, meal allowance, group medical and PA insurance, long service awards)
• Implemented work-life balance culture
• Provided training and development opportunities for employees
• Made donations amounting to RM91,000 to local communities

Governance Achievements

• Established a clear governance structure for sustainability, overseen by the Risk Management Committee
• Adopted a Code of Conduct and Ethics
• Implemented a Whistle Blowing Policy
• Adopted an Anti-Corruption and Bribery Policy
• Annual performance evaluation and assessment on the independence of directors

Climate Goals & Targets

Environmental Challenges

• Challenging economic conditions due to global factors (Russia's aggression in Ukraine, cost-of-living crisis, high inflation, rising interest rates)
• Potential for inventories to become slow-moving or obsolete
• Risk of impairment of trade receivables

Mitigation Strategies

• Focus on core business of valves, instruments and fittings, geographical expansion, widening product range, improved market penetration
• Cost saving measures to enhance profitability, streamlining operations
• Regular review of estimated useful lives of assets
• Assessment of recoverable amount for impaired assets
• Use of a provision matrix to calculate expected credit loss for trade receivables

Supply Chain Management

Responsible Procurement

• Assessment procedure for supplier selection (site visits, evaluation of company background and financial status)
• Sampling checks on goods purchased

Climate-Related Risks & Opportunities

Opportunities

• Renewable energy business activities through joint venture

Reporting Standards

Frameworks Used: Bursa Malaysia Sustainability Reporting Guidelines, Malaysian Code on Corporate Governance 2021

Certifications: ISO 9001, 5S Certification

UN Sustainable Development Goals

• SDG 1: No Poverty
• SDG 2: Zero Hunger
• SDG 13: Climate Action

Donations to local communities, renewable energy initiatives

Environmental Metrics

ESG Focus Areas

• Sustainability

Environmental Achievements

• Installed 237.2kWp capacity solar panels to reduce electricity consumption and CO2 emissions.
• Minimising reliance on non-renewable energy sources and waste reduction.

Social Achievements

• Contributed RM80,000.00 to local communities.
• Provided more than thirty (30) panel clinics for staff.
• Offered attractive long-term service awards.

Governance Achievements

• Established a Code of Conduct and Ethics.
• Established a Whistle-Blowing Policy.
• Established a Risk Management Committee.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Assessment procedure for supplier selection including site visits, background checks, and financial status evaluation.
• Sampling checks on purchased goods.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Solar energy investment and PPA/leasing services.

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001 (manufacturing subsidiary), 5S certification (some subsidiaries)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Solar energy solutions

Awards & Recognition

• Not disclosed