Climate Change Data

GIIB HOLDINGS BERHAD

Climate Impact & Sustainability Data (2023-07 to 2024-06)

Reporting Period: 2023-07 to 2024-06

Environmental Metrics

Total Energy Consumption:3895 MWh/year
Water Consumption:80,130 m3/year

ESG Focus Areas

  • Ethical Business Practices
  • Employee Development, Diversity and Social Rights
  • Occupational Safety and Health
  • Energy and Resource Management
  • Stakeholder Engagements

Environmental Achievements

  • Reduced water consumption from 88,390㎥ to 80,130㎥ between July 2022-June 2023 and July 2023-June 2024.
  • Zero work-related fatalities in FY2024.
  • Zero Lost Time Incident Rate (LTIR) in FY2024.

Social Achievements

  • Contributed RM4,500 to community initiatives.
  • Provided anti-bribery and anti-corruption training to 80% of employees.
  • Total training hours for employees were 308 hours.

Governance Achievements

  • Zero confirmed incidents of corruption in FY2024.
  • Implemented strong corporate governance practices and ethical standards.

Climate Goals & Targets

Environmental Challenges

  • Disruptions in raw material supply.
  • Fluctuating pricing of raw materials.
  • Logistics challenges due to global economic and security instability.
Mitigation Strategies
  • Focused on preparing more working capital to obtain good economies of scale in its operations.
  • Completed a private placement to raise funds for working capital.
  • Conducted an inventory cost allocation review, optimization, and rationalization.

Supply Chain Management

Responsible Procurement
  • Suppliers’ Code of Business Conduct

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

  • Goal 8: Decent Work and Economic Growth
  • Goal 3: Good Health and Well-being
  • Goal 6: Clean Water and Sanitation
  • Goal 12: Responsible Consumption and Production
  • Goal 17: Partnerships for the Goals

Initiatives contribute to these goals through employment, employee well-being, water conservation, waste reduction, and collaboration with industry stakeholders.

Sustainable Products & Innovation

  • Supercool tyre retreading liners