Climate Change Data

GLOSTREXT BERHAD

Climate Impact & Sustainability Data (2024)

Reporting Period: 2024

Environmental Metrics

Renewable Energy Share:16.18% (average monthly savings from solar panels)
Total Energy Consumption:77,398 kWh/year
Water Consumption:348 m3/year

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Installed solar panels contributing to an average monthly electricity savings of 16.18%
  • WiNA platform reduces environmental impact by minimizing site visits, thus lowering carbon emissions

Social Achievements

  • Launched a Masquerade Gala Annual Dinner 2024 to strengthen relationships among staff and promote a more collaborative work culture
  • Implemented a range of initiatives and benefits to ensure employees are well compensated and to care for their well-being and health (medical insurance, life and personal accident coverage, travel allowance and financial assistance for education)

Governance Achievements

  • Strengthened corporate governance framework to ensure transparency, accountability, and ethical business practices
  • Established a Code of Conduct & Ethics
  • Implemented a Whistleblowing Policy
  • Instituted an Anti-Bribery and Corruption Policy

Climate Goals & Targets

Short-term Goals:
  • Energy saving campaign in FYE2025 to raise awareness among employees on the need to conserve electricity
  • Change-out to LED lights and install auto switch off for bathrooms and lesser used spaces in our building in FYE2025

Environmental Challenges

  • Shortage of skilled labor
  • Increase in cost of raw materials
  • Increasing competition within the construction sector
Mitigation Strategies
  • Investing in continuous technology upgrades to protect operations from disruptions and maintain competitive advantage
  • Diversification across geographies and sectors
  • Strict safety protocols and regular training sessions

Supply Chain Management

Responsible Procurement
  • Transparent procurement practices & pricing
  • Regular payment schedule
  • Timely delivery

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ACE Market Listing Requirements, Sustainability Reporting Guide (3rd Edition) issued by Bursa Malaysia Securities Bhd, United Nations Sustainability Development Goals

Certifications: ISO 9001:2015, ISO/IEC 17020, ISO/IEC 17025, ISO 45001, bizSAFE Star

Sustainable Products & Innovation

  • Glostrext WiNA platform
  • Automated hydraulic jack pump system