Mindtell Technology Limited
Climate Impact & Sustainability Data (2017-11 to 2018-11, 2018-11 to 2019-11, 2019-11 to 2020-11, 2020-11 to 2021-11, 2021-11 to 2022-11, 2022-11 to 2023-11)
Reporting Period: 2017-11 to 2018-11
Environmental Metrics
ESG Focus Areas
- Environmental Sustainability
- Social Sustainability
- Governance
Environmental Achievements
- Reduced GHG emissions through electricity conservation.
- Implemented measures to reduce, reuse, and recycle materials (e.g., recycling 97% of used paper).
Social Achievements
- Maintained compliance with all relevant employment laws and regulations.
- Organized various employee entertainment activities.
- Provided 10 hours of average training per employee.
Governance Achievements
- Established a robust sustainability governance framework with clear goals and metrics.
- Implemented anti-corruption policies and whistle-blowing procedures.
- Complied with anti-corruption laws and regulations.
Climate Goals & Targets
Environmental Challenges
- Climate change impacts on business models.
- Potential supply chain disruptions.
Mitigation Strategies
- Adoption of TCFD recommendations for climate-related risk analysis and internal risk management system upgrades.
- Proactive maintenance of good relationships with major suppliers.
- Comprehensive investigations to assess subcontractors.
Supply Chain Management
Responsible Procurement
- Compliance with relevant laws and regulations, Group's own standards and specifications.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GEM of the Stock Exchange's Environmental, Social and Governance Reporting Guide
Certifications: ISO 9001:2015, ISO 45001:2018
UN Sustainable Development Goals
- Quality Education
- Reduced Inequalities
- Climate Action
Relevant SDGs incorporated into policies and decision-making process.
Reporting Period: 2018-11 to 2019-11
Environmental Metrics
ESG Focus Areas
- Environmental Sustainability
- Social Sustainability
- Governance
Environmental Achievements
- Reduced air emissions from vehicles by approximately 75% compared to FY2017/2018.
- Reduced GHG emissions to 14.87 tonnes CO2e in FY2018/2019 (62.7% of FY2017/2018).
- Reduced electricity consumption by approximately 12.4% compared to FY2017/2018.
- Reduced gasoline usage by around 75.7% compared with FY2017/2018.
Social Achievements
- Maintained a safe working environment with no work-related fatalities or injuries.
- Provided 10.9 hours of average training per employee (9% increase from FY2017/2018).
- Implemented transparent recruitment and promotion policies.
- Complied with all relevant laws and regulations regarding employment practices.
Governance Achievements
- Established strict internal policies to prevent corruption, extortion, and money laundering.
- No legal cases regarding corrupt practices were brought against the Group or its employees.
- Established an effective grievance mechanism to protect whistle-blowers.
Climate Goals & Targets
Environmental Challenges
- Minimising the environmental and social risks associated with suppliers.
- Maintaining a robust and reliable supply chain.
Mitigation Strategies
- Regular cooperation surveys with suppliers to minimise potential risks.
- Comprehensive investigations to assess the background of subcontractors.
- Standard supplier selection and procurement processes.
Supply Chain Management
Supplier Audits: Policies covered over 90% of suppliers.
Responsible Procurement
- Compliance with relevant laws and regulations regarding quality of supplies.
- Standard supplier selection and procurement processes.
Climate-Related Risks & Opportunities
UN Sustainable Development Goals
- Goal 3 (Good Health and Well-being)
- Goal 11 (Sustainable Cities and Communities)
The Group cares about employee well-being and contributes to the prosperity and harmony of local communities.
Reporting Period: 2019-11 to 2020-11
Environmental Metrics
ESG Focus Areas
- Environmental Sustainability
- Social Sustainability
- Governance
Environmental Achievements
- Reduced paper consumption by around 60% and increased paper recycling by around 35%
- Implemented measures to mitigate emissions and save energy resources (retrofit, sustainability training, etc.)
- Maintained the same amount of solid waste and wastewater discharged as the previous year.
Social Achievements
- Implemented flexible remote working policy during the COVID-19 pandemic to protect staff
- Provided RM50/month per staff to support pandemic prevention material purchases
- Organized various entertainment activities for employees (dinner gatherings, birthday parties)
Governance Achievements
- Established strict safety and health policies in line with relevant laws and regulations
- Formulated and strictly enforced trade and transaction policies to prevent illegal practices (corruption, extortion, money laundering)
- Established an effective grievance mechanism to protect whistle-blowers
Climate Goals & Targets
- Not disclosed
- Not disclosed
- Not disclosed
Environmental Challenges
- COVID-19 pandemic and its impact on business operations
- Global economic recession and social unrest
- Uncertain market environment
Mitigation Strategies
- Implemented flexible remote working policy
- Provided financial support to employees for pandemic prevention materials
- Strictly followed SOPs from Malaysian National Security Council during MCO and CMCO
- Continuously optimizing its supply chain management and satisfying client requirements
Supply Chain Management
Supplier Audits: 80% coverage
Responsible Procurement
- Comprehensive investigations of supplier background
- Standard supplier selection and procurement process
- Green Procurement policy
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GRI, The GHG Protocol Corporate Accounting and Reporting Standard, 2006 IPCC Guidelines for National Greenhouse Gas Inventories
Certifications: ISO 9001:2015, ISO 45001:2018
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- SDG 3
- SDG 4
- SDG 11
The Group's initiatives contribute to these goals through its IT services, training programs, and solutions for sustainable urban development.
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2020-11 to 2021-11
Environmental Metrics
ESG Focus Areas
- Labour Practices
- Intellectual Property Rights
- Product Quality
- Customer Privacy and Data Security
- Critical Incident Risk Responsiveness
Environmental Achievements
- Reduced air emissions (SOx: 25%; NOx: 27%; PM: 27%) compared to FY2019/2020.
- Scope 1 GHG emissions decreased by 27%, Scope 3 decreased by 17% compared to the previous year.
- Maintained non-hazardous solid waste and wastewater discharge at the same level as the previous year.
Social Achievements
- Increased female employee ratio from 38% to 43%.
- Provided 250 hours of training for staff (average 4.2 hours per employee).
- Zero work-related fatalities or injuries in the past three years.
Governance Achievements
- Established stringent policies to prevent illegal practices, including corruption, extortion, and money laundering.
- Circulated anti-corruption training materials to 23 middle and senior management personnel, including Directors.
Climate Goals & Targets
- Maintain air and GHG emissions intensities within a 20% fluctuation from FY2020/2021 baseline.
- Maintain non-hazardous waste discharge intensities within a 20% fluctuation from FY2020/2021 baseline.
- Maintain total energy consumption intensities within a 20% fluctuation from FY2020/2021 baseline.
- Maintain water consumption intensities within a 20% fluctuation from FY2020/2021 baseline.
Environmental Challenges
- COVID-19 pandemic impacting business operations and travel.
- Potential impact of extreme weather events on business operations (though considered minimal).
Mitigation Strategies
- Implemented flexible remote working arrangements.
- Strictly implemented precautionary and control measures imposed by the Malaysian Government.
- Cautious approach to setting ambitious environmental targets due to pandemic disruptions.
Supply Chain Management
Responsible Procurement
- Comprehensive investigations of suppliers based on reputation, credit rating, technical capacity, financial stability, and economic disputes history.
- Prioritizing local business partners and suppliers with “green” products.
Climate-Related Risks & Opportunities
Physical Risks
- Increase in frequency of extreme weather events.
Reporting Standards
Frameworks Used: GRI, GHG Protocol Corporate Accounting and Reporting Standard, 2006 IPCC Guidelines for National Greenhouse Gas Inventories
UN Sustainable Development Goals
- SDG 3
- SDG 4
- SDG 5
- SDG 11
Group's initiatives contribute to these goals through proactive management of internal operations and products/services offered to clients.
Reporting Period: 2021-11 to 2022-11
Environmental Metrics
ESG Focus Areas
- Environmental Sustainability
- Social Sustainability
- Governance
Environmental Achievements
- Complied with relevant environmental laws and regulations in Malaysia and Hong Kong.
- Reduced paper consumption by 4%.
- Maintained a recycling rate of around 30% for paper.
Social Achievements
- Maintained a safe working environment with zero work-related fatalities or injuries.
- Provided 480 hours of training to 14 employees.
- Complied with relevant laws and regulations relating to compensation and dismissal, recruitment and promotion, working hours, rest periods, equal opportunity, diversity, anti-discrimination, and other benefits and welfare.
Governance Achievements
- No concluded legal case regarding corrupt practices brought against the Group or its employees.
- Implemented preventive and whistle-blowing measures effectively.
Climate Goals & Targets
- Net zero emissions
- Reduce air and GHG emissions intensities by 5%
- Reduce non-hazardous waste discharge intensities by 5%
- Reduce total energy consumption intensities by 5%
- Reduce water consumption intensities by 5%
Environmental Challenges
- Economic upheaval impacting business activities.
- Potential long-term risks of climate change.
- Pandemic affecting operations and data collection.
Mitigation Strategies
- Implemented energy-saving practices (e.g., optimizing office devices, sustainability training).
- Developed a transparent and feasible climate strategy.
- Implemented measures to ensure employee health and safety during the pandemic (e.g., remote work, subsidies for disinfection products).
Supply Chain Management
Responsible Procurement
- Green Procurement policy implemented with five suppliers.
- Background assessment of potential suppliers considering reputation, credit rating, technical capacity, financial stability, economic disputes history, and regulatory compliance.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events (typhoons, rainstorms, floods, heatwaves) impacting infrastructure and operations.
Transition Risks
- Tightening environmental regulations requiring additional investments.
Reporting Standards
Frameworks Used: GEM of the Stock Exchange of Hong Kong Limited
Certifications: ISO 9001:2015, ISO 45001:2018
UN Sustainable Development Goals
- SDG 3
- SDG 4
- SDG 11
Initiatives contributing to improved health, quality education, and sustainable cities and communities.
Reporting Period: 2022-11 to 2023-11
Environmental Metrics
ESG Focus Areas
- Climate Change
- Diversity & Inclusion
- Governance
- Product/Service Quality and Safety
- Customer Privacy and Data Security
- Intellectual Property Rights
Environmental Achievements
- Reduced SOx emissions by 0.01kg, NOx emissions by 0.48kg, and PM emissions by 0.04kg compared to FY2021/2022.
- Reduced non-hazardous solid waste disposal by 78.90% compared to the preceding reporting year.
- Reduced electricity consumption by 8.88% compared to FY2021/2022.
- Reduced gasoline consumption by 5.56% compared to FY2021/2022.
- Reduced total energy consumption by 6.47% compared to FY2021/2022.
Social Achievements
- Maintained a respectful and diversified workplace.
- Zero work-related fatalities or injuries among employees over the past three years.
- Organized 293 hours of training for 16 directors and employees in FY2022/2023.
Governance Achievements
- Established stringent internal policies regarding health and safety.
- Implemented comprehensive internal regulations adhering to applicable laws and regulations concerning customer privacy.
- Strictly enacted trade and transaction policies to eradicate any forms of illegal practices, including corruption, extortion and money laundering.
Climate Goals & Targets
- Not disclosed
- Not disclosed
- Reduce air and GHG emissions intensities by 5% by 2024-11.
- Reduce non-hazardous waste discharge intensities by 5% by 2024-11.
- Reduce total energy consumption intensities by 5% by 2024-11.
- Reduce water consumption intensities by 5% by 2024-11.
Environmental Challenges
- Economic instability, climate change and geopolitical disruptions.
- Resumed business travel after the pandemic increased Scope 3 emissions.
- Pandemic-induced disruptions affecting data collection and normal business operations.
Mitigation Strategies
- Implemented internal measures to reduce operational energy consumption.
- Established short-term environmental targets.
- Adopted a flexible remote working policy to mitigate the risk of infection.
- Enhanced fleet management to control business trips and substituted diesel-fuel vehicles with environmentally friendly alternatives.
- Implemented water conservation practices in offices.
- Advocated the transition to a “paperless office” and “office automation”.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Standardized guidelines for selecting suppliers that provide environmentally friendly products and services.
- Prioritizing business partners and suppliers with the same vision, emphasizing social and environmental aspects alongside growth.
Climate-Related Risks & Opportunities
Physical Risks
- Increase in frequency and severity of extreme weather events (typhoons, rainstorms, floods, heatwaves)
- Damages to equipment and buildings
- Disruption of electricity and water supply
- Unstable raw material supply
Transition Risks
- Tightening environmental rules and guidelines
- Upgrade costs for equipment
- Non-compliance fines
- Change in customer preference towards green products
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Appendix C2 – Environmental, Social and Governance Reporting Guide to the Rules Governing the Listing of Securities on GEM of the Stock Exchange of Hong Kong Limited, ISO 26000 (Guidance on Social Responsibility), TCFD (Task Force on Climate-related Financial Disclosures), UN SDGs
Certifications: ISO 9001:2015, ISO 45001:2018
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- SDG 3
- SDG 4
- SDG 8
- SDG 9
- SDG 11
The Group has proactively adjusted its internal operations, products, solutions and services to realize these SDGs.
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed