Climate Change Data

Green Ocean Corporation Berhad

Climate Impact & Sustainability Data (2023-07 to 2023-09, September 30, 2023)

Reporting Period: 2023-07 to 2023-09

Environmental Metrics

Total Energy Consumption:17,242 kWh (headquarters), 70,462 kWh (warehouse)

ESG Focus Areas

  • Economic
  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Paper recycling initiatives to reduce printing and photocopying.
  • Installation and replacement of lightings with energy saving LED lights.
  • 57.9% reduction in water usage at Green Ocean’s headquarters.

Social Achievements

  • No work-related accidents reported in FPE 2023.
  • No substantiated complaints concerning human rights violations in FPE 2023.
  • Increased percentage of women directors on the board to 20%.

Governance Achievements

  • Established and adopted Anti-Bribery and Corruption Policy.
  • No reported complaints of bribery or corruption in FPE 2023.
  • Regular reviews of the Board’s size, composition and balance.

Climate Goals & Targets

Short-term Goals:
  • Venture into the foodservice business through fast-food chain restaurants within 12 months.

Environmental Challenges

  • Market demand risk due to changing customer needs and competition.
  • Supply risk due to lack of binding contracts with suppliers.
  • People risk related to staff engagement and workplace wellness.
  • Competition risks from existing and new competitors.
Mitigation Strategies
  • Proactive measures to remain competitive (cost efficiency, service quality).
  • Expanding into frozen processed food, alcoholic and non-alcoholic beverages.
  • Cultivating a high-performance culture and robust training and succession plan.
  • Stringent quality assurance procedures and investment in market research.

Supply Chain Management

Responsible Procurement
  • Periodic assessments to ensure product and service quality.
  • New suppliers required to meet customer quality standards.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Bursa Malaysia Securities Berhad’s Sustainability Reporting Guide (2nd Edition), Listing Requirements of Bursa Malaysia Securities Berhad, GRI Standards core option

Reporting Period: September 30, 2023

Environmental Metrics

ESG Focus Areas

  • Sustainability

Governance Achievements

  • Established a Code of Business Conduct and Ethics.
  • Adopted a Whistleblowing Policy.
  • Implemented processes and systems to support compliance with the Code of Business Conduct and Ethics.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities