Climate Change Data

RGT Berhad

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

Reporting Period: 2023-07 to 2024-06

Environmental Metrics

Total Carbon Emissions:812 tCO2e (Scope 1: 32, Scope 2: 1707, Scope 3: 162)
Scope 1 Emissions:32 tCO2e
Scope 2 Emissions:1707 tCO2e
Scope 3 Emissions:162 tCO2e
Renewable Energy Share:26%
Total Energy Consumption:3022 MWh
Water Consumption:14 ML
Waste Generated:170 mt

ESG Focus Areas

  • Climate Change and Energy Management
  • Waste Management
  • Water Management and Effluents
  • Environmental Compliance
  • Supply Chain Management and Procurement Practices
  • Local Community Engagement
  • Employee Welfare and Engagement
  • Diversity and Equal Opportunity
  • Human Rights
  • Occupational Safety and Health
  • Cybersecurity and Data Protection
  • Anti-Bribery & Corruption
  • Product Quality & Safety

Environmental Achievements

  • Reduced Scope 1 GHG emissions by 18% from 33 tCO2e in FYE 2023 to 32 tCO2e in FYE 2024.
  • Reduced Scope 2 GHG emissions by 28% from 1,859 tCO2e in FYE 2023 to 1,707 tCO2e in FYE 2024.
  • Increased renewable energy share to 26% of total electricity consumption in FYE 2024, generating 771 MWh of solar energy and reducing emissions by 584.19 tCO2e.
  • Increased waste diverted from disposal from 114 mt in FYE 2023 to 141 mt in FYE 2024.
  • Reduced waste directed to disposal from 23 mt in FYE 2023 to 29 mt in FYE 2024.

Social Achievements

  • Maintained employee turnover rate at an average of 0.9% versus a target of 4.0%.
  • Provided 10,549 training hours for employees in FYE 2024.
  • Organized various employee well-being activities, including sports tournaments, festival celebrations, and community wellness events.
  • No substantiated complaints concerning human rights violations.

Governance Achievements

  • Implemented a Conflict of Interest Policy on 24 May 2024.
  • Maintained a zero-tolerance policy for bribery, fraud, and corruption, complying with the Malaysian Anti-Corruption Commission Act 2009 and 2018.
  • No confirmed incidents of corruption.

Climate Goals & Targets

Medium-term Goals:
  • Replace remaining conventional bulbs with LED lighting by 2030.

Environmental Challenges

  • Weaker performance in the spray painting division resulting in lower production output and higher absorption of fixed overhead costs.
  • Economic challenges and higher operating costs.
  • Foreign exchange risk due to fluctuations in the US Dollar against the Malaysian Ringgit.
  • Global competition from existing and emerging players.
Mitigation Strategies
  • Focus on operational efficiency and cost management.
  • Use of forward exchange contracts to hedge foreign currency risk.
  • Prudent financial policies and continuous review of business activities to improve efficiency.
  • Relocation of Keenness Precision Engineering Sdn. Bhd. to a larger factory to increase production capacity.

Supply Chain Management

Supplier Audits: 7 suppliers selected during the review period

Responsible Procurement
  • Code of Conduct and Ethics
  • Supplier assessment based on competencies, financial standings, and feedback.
  • Requirements for basic responsible business practices, including zero tolerance for child labour and slavery.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards, Bursa Securities’s Sustainability Reporting Guidance (3rd Edition) & Toolkits

Certifications: SEDEX Members Ethical Trade Audit (SMETA) 4-Pillar, NSF International Certification, C-TPAT

Third-party Assurance: Talent League Sdn. Bhd.

Awards & Recognition

  • Certificate of appreciation from the Human Resource Development Corporation for completing 9,920 training hours in FYE 2023.