Climate Change Data

Environmental Metrics

ESG Focus Areas

• Ethical business practices
• Emission
• Non-discrimination and equal opportunity
• Talent management, training and development
• Talent retention

Environmental Achievements

• Reduced emission from logistics by optimizing delivery quantity and frequency

Social Achievements

• Practiced non-discrimination and equal opportunity in employment
• Provided induction and on-the-job training to upskill employees
• Offered competitive remuneration and benefits packages to retain talent

Governance Achievements

• Implemented Anti-Bribery policies and procedures
• Established a whistleblowing policy

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic and Movement Control Order (MCO) resulting in compulsory closure of departmental stores and boutiques
• Competition in the local retail industry
• Rise in online retail industry
• Government policy changes in minimum wages

Mitigation Strategies

• Reduced operational costs by closing unprofitable counters
• Carried out stock clearance sales
• Controlled purchases to improve stock turnover
• Restructured sales counters to optimize return

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Bursa Malaysia Securities Berhad (Bursa) Paragraph 29, Part A of Appendix 9C and Practice Note 9 of its Main Market Listing Requirements, Sustainability Reporting Guide – 2nd Edition and its accompanying Toolkits issued by Bursa

Environmental Metrics

ESG Focus Areas

• Ethical business practices
• Emissions
• Non-discrimination and equal opportunity
• Talent management, training and development
• Talent retention

Environmental Achievements

• Works together with its outsourced transport companies to reduce and control emission arising from logistics by placing high emphasis on supply chain planning and management.
• Encourages its employees to always consider environmentally friendly practices in their working environment (e.g., paperless, recycle paper).

Social Achievements

• Practices the principle of non-discrimination and evaluates candidates and employees based on merits, qualification, experience and achievements.
• Organises induction training courses for all new joiners and continuously provide on-the-job training to all employees from time-to-time, to upskill them on both the technical and non-technical (such as soft skills) front.
• Rewards its employees with competitive remuneration and benefits packages that commensurate with their roles and job responsibilities.

Governance Achievements

• Put in place Anti-Bribery policies and procedures and has benchmarked its current internal controls against the Guidelines on Adequate Procedures introduced by the Prime Minister’s Department for any gaps, in line with the introduction of the corporate liability set out in Section 17A of the Malaysian Anti-Corruption Commission Act 2009.
• Has a policy on whistleblowing, which facilitates the reporting and management thereof of any misconduct, corruption, integrity concerns or unethical business practices.

Climate Goals & Targets

Environmental Challenges

• Reduce footfall in the departmental stores and shopping malls due to the aftermath of the COVID-19 pandemic.
• Competition Risk: Highly challenging business environment, competition in the local retail garment industry, impacted by penetration of international brands, and rise in online retail garment players.
• Pandemic Risk: Unprecedented COVID-19 pandemic, uncertain and volatile economic outlook.

Mitigation Strategies

• Leverage technology to enhance and improve E-Commerce strategies.
• Improve and enhance its E-Commerce business, improve product design and varieties, explore new product line to target different customers and sourcing new suppliers.
• Provide competitive and attractive remuneration and benefits package, provide internal and external training to employees, succession planning and training.
• Setup Standard Operating Procedure (SOP) to keep office clean and safe (weekly full office sanitisation and bi-weekly saliva test for HQ staffs).

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Bursa Malaysia Securities Berhad (Paragraph 29, Part A of Appendix 9C and Practice Note 9 of its Main Market Listing Requirements)

Environmental Metrics

ESG Focus Areas

• Energy Savings
• 3R Initiatives
• Product Innovation
• Employee Health and Safety
• Product Competitiveness
• Digital Presence
• Corporate Governance and Ethical Business Practices
• Non-discrimination and Equal Opportunity
• Emission

Environmental Achievements

• 54% reduction in electricity cost against FYE 2022
• Recycling bins have been placed in the office.
• Solar-generated energy comprised 52.6% of the Group’s overall electricity consumption in FYE 2023

Social Achievements

• Nil injury cases in FYE 2023
• Established Occupational Health and Safety Committee (OSHC) and reviewed key SOPs incorporating safety and health controls
• Food donation to the Woman’s Aid Organisation

Governance Achievements

• Established ABAC Policy (Anti-Bribery and Anti-Corruption Policy)
• Established Whistleblowing Policy and Procedures (WPP)
• All Directors and most employees communicated on ABAC Policy; training provided for selected high-risk positions

Climate Goals & Targets

Environmental Challenges

• Competition from local and international brands, e-commerce players
• Dependence on key personnel
• Economic uncertainties (inflation, geopolitical instability, interest rates, exchange rates)
• COVID-19 and other infectious diseases
• Higher material costs and transportation charges
• Increased minimum wage

Mitigation Strategies

• Digital adoption, enhanced e-commerce, physical retail locations
• Improved product design, new collaborations, adapting to consumer habits
• Rebranding, collaborations with other brands (Warner Bros., etc.)
• Employee benefits and incentives, succession planning
• Monitoring business plans and strategies
• Prudent cost management
• Better cost control, automation, improved operational efficiency

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Bursa Malaysia Securities Berhad Main Market listing Requirements, Sustainability Reporting Guide – 3rd Edition

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Collaboration with Warner Brothers using sustainable materials

Awards & Recognition

• Not disclosed