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