PUC Berhad
Climate Impact & Sustainability Data (2019, 2021, 2022)
Reporting Period: 2019
Environmental Metrics
ESG Focus Areas
- Good Health and Well-Being
- Gender Equality
- Decent Work and Economic Growth
- Industry, Innovation and Infrastructure
- Reduced Inequalities
Environmental Achievements
- Minimised e-waste to conserve resources and reduce energy consumption; implemented energy saving measures in IT policy and office practices (e.g., closing blinds, switching off air conditioners).
Social Achievements
- Hosted the Happy Library in a Box event, collecting 613 books and other items for underprivileged children; provided EPF contributions, medical coverage, and other benefits to employees; conducted various training programs for employee development.
Governance Achievements
- Established a Sustainability Working Group; adopted and implemented anti-bribery and anti-corruption policy; maintained a transparent remuneration framework; implemented a Whistleblowing Policy.
Climate Goals & Targets
Environmental Challenges
- Economic and social unrest in Hong Kong impacting Hong Kong subsidiary’s viability; increasing challenges in traditional media business due to competition; fluctuating third-party costs for products; increased competition in the digital industry; global economic slowdown due to COVID-19 pandemic.
Mitigation Strategies
- Reduced involvement in traditional media business; strengthened FinTech and e-commerce businesses; negotiated contractual price arrangements with suppliers; strengthened product offerings and technological capabilities; rationalized operations to achieve better synergies; implemented crisis management plan; revised contractual price arrangements with service vendors; invested in employee training and development; explored new business opportunities and collaborations.
Supply Chain Management
Responsible Procurement
- More than one quotation always required in procurement SOP.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: UN SDGs
UN Sustainable Development Goals
- Goal 3
- Goal 5
- Goal 8
- Goal 9
- Goal 10
The selected SDGs reflect the Company’s values and business practices, aiming to benefit the communities in which it operates.
Sustainable Products & Innovation
- Presto app with mobile payment function and other digital offerings.
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Economic
- Environmental
- Social
- Governance
Environmental Achievements
- 100% Digital Business Model, Avoiding Significant Pollution or Waste Generation
- Reduced electricity consumption compared to FY2020 (128,129 kWh vs 84,819 kWh)
Social Achievements
- 58% women in the workforce
- 100% of employees received annual or regular job appraisals
- 15 hours average training hours per employee
- 3 community development initiatives conducted
Governance Achievements
- 100% of Group Employees are Briefed on the Anti-Bribery and Corruption Policy
- Zero Reported Incidents of Corruption
- Zero Data Privacy Breaches Incidents Recorded
Climate Goals & Targets
Environmental Challenges
- Data-gathering challenges for certain indicators
- COVID-19 pandemic and its impact on operations and employee well-being
- Potential significant EES impacts from its value chain
Mitigation Strategies
- Continually applying more robust data tracking and gathering mechanisms
- Implementing WFH policy to protect employee well-being
- Conducting employee engagement sessions and one-on-one calls
- Commitment to cascading sustainability commitments to value chain partners in the future
Supply Chain Management
Responsible Procurement
- Anti-corruption and anti-bribery provision in agreements with vendors and suppliers
- Screening of vendors and suppliers
- Due diligence on new and existing suppliers
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Sustainability Reporting Standards, United Nation Sustainable Development Goals, Bursa Malaysia’s Sustainability Reporting Guide Second Edition
UN Sustainable Development Goals
- UNSDG 3 (Good Health and Well-being)
- UNSDG 8 (Decent Work and Economic Growth)
- UNSDG 9 (Industry, Innovation and Infrastructure)
- UNSDG 10 (Reduced Inequalities)
- UNSDG 17 (Partnerships for the Goals)
Aligned to PUC's corporate and business values to identify how the Group’s business model inherently realises value creation and how this can help address global issues or challenges.
Sustainable Products & Innovation
- Digital products and services
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Economic, Environmental and Social (EESG)
Environmental Achievements
- Reduced electricity consumption to 122,252 kWh in 2022 from 128,129 kWh in 2021; reduced water consumption to 260 m3 in 2022 (specific 2021 data not provided); implemented energy-saving protocols at the office; zero environmental violations and penalties.
Social Achievements
- 53% women in the workforce; zero workplace fatalities; zero breaches in labor standards and human rights policies; 100% of employees received annual job appraisals; conducted one community development initiative; provided medical cards and health insurance for all employees; maintained COVID-19 preventative measures; implemented a whistleblowing mechanism; fostered an inclusive workspace; maintained 100% return-to-work rates post parental leave.
Governance Achievements
- 100% of Group employees briefed on Anti-Bribery and Anti-Corruption Policy; zero confirmed incidents of corruption reported; zero fines or censures received for non-compliance; adopted 5 UN Sustainable Development Goals; implemented a whistleblowing mechanism; adopted a Code of Conduct and Ethics; implemented a No Gift Policy; ensured stringent supply chain governance; maintained strict regulatory compliance; conducted annual assessment of Board and Board Committees effectiveness.
Climate Goals & Targets
- Becoming the leading digital services company in Malaysia; achieving sustainable long-term balance between business goals, environmental preservation, and community welfare.
- Becoming a super loyalty app; expanding loyalty points and redemption services to Singapore and other countries; further developing Presto digital ecosystem.
- Expanding channel partners; providing unlimited product offerings; growing Presto members; achieving GMV; ensuring product profitability.
Environmental Challenges
- Low revenue from regional advertising business due to shift in focus to Presto; ongoing restructuring of Omnichannel segment; unpredictable operating environment including inflation, floods, and recession fears; fluctuating third-party costs for product inventory; increased competition; global inflation; geopolitical instability.
Mitigation Strategies
- Cost optimisation efforts; developing Presto digital ecosystem platform; strengthening synergy between business segments; rationalising operations and streamlining business activities; negotiating contractual price arrangements with suppliers; focusing on loyalty points and redemption services; integrating alternative digital media services into Omnichannel; internal restructuring to refocus resources and talent; expanding loyalty points services to other countries; sourcing a wider variety of products regionally; implementing a robust crisis plan and ERM framework; adhering to PDPA and bolstering IT systems to safeguard data; implementing energy-efficient measures; streamlining operations to enhance energy efficiency; closely tracking and mitigating water consumption; reducing e-waste internally; exploring recycling initiatives; adhering to international UN standards and Malaysian laws regarding human rights; implementing a whistleblowing mechanism; conducting employee engagement sessions; providing industry-competitive remuneration packages and employee benefits; maintaining a robust risk management framework and internal control systems.
Supply Chain Management
Responsible Procurement
- Anti-bribery and anti-corruption provisions in agreements with vendors and suppliers; thorough screening of vendors and suppliers; due diligence on new and existing suppliers; fair performance evaluation for existing suppliers; zero high-risk suppliers identified.
Climate-Related Risks & Opportunities
Opportunities
- Recalibrating business model and strategy; mitigating emissions; crafting new environmental pledges and commitments.
Reporting Standards
Frameworks Used: GRI Standards, UN SDGs, Bursa Malaysia’s Sustainability Reporting Guide Second Edition
Third-party Assurance: Internal assurance; aiming for external assurance in the future.
UN Sustainable Development Goals
- Goal 3: Good Health and Well-being
- Goal 8: Decent Work and Economic Growth
- Goal 9: Industry, Innovation and Infrastructure
- Goal 10: Reduced Inequalities
- Goal 17: Partnerships for the Goals
Initiatives related to employee health and safety, fair labor practices, digital innovation, and community development.
Sustainable Products & Innovation
- Presto digital ecosystem; digital marketing and advertising services; loyalty points aggregation and redemption services.