TTVISION HOLDINGS BERHAD
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Installed solar panels on rooftops to generate electricity
- Implemented a composting program to reduce landfill waste
- Established a rain catchment area for water conservation
- Set up a vertical hydroponic system for growing vegetables
- Reduced plastic waste by stopping purchases of plastic mineral water bottles
Social Achievements
- Implemented programs to promote diversity and inclusion
- Established partnerships with local organizations to support social causes
- Provided employees with health and wellness programs
- Organized monthly birthday celebrations, annual dinners, sports club activities, and teambuilding events
- Participated in community activities such as blood donation drives, visiting aged care homes and orphanages, and donating to various causes
Governance Achievements
- Established a strong governance framework to ensure ethical and transparent business practices
- Implemented policies and procedures to prevent corruption and bribery
- Promoted responsible corporate citizenship through ethical guidelines
- Adopted the Malaysian Code on Corporate Governance (MCCG) practices
Climate Goals & Targets
Environmental Challenges
- Dependency on certain major customers
- Shortage in the supply of certain materials and disruptions in the global supply chain
- Cost fluctuations due to price increases of materials and/or transportation costs
- Foreign exchange fluctuations
- Disruptions in business operations
Mitigation Strategies
- Developing a more diversified portfolio of customers and markets
- Keeping close contact with key suppliers to monitor supply conditions and using a well-planned inventory management system
- Monitoring and obtaining quotations from suppliers prior to confirming customer purchase orders
- Managing foreign exchange exposure through natural hedging
- Securing insurance coverage against risks such as fire, burglary, etc.