Climate Change Data

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.

Supply Chain Management

Climate-Related Risks & Opportunities