Velocity Capital Partner Berhad (formerly known as CSH Alliance Berhad)

Climate Impact & Sustainability Data (2023-07 to 2024-06, June 30, 2024)

Total Energy Consumption:12,770,400 KwH

Water Consumption:6,264,031 cubic meters

Shift to gas for firing kilns in ceramics production, reducing harmful pollutants
Zero substantiated penalties or complaints related to environmental matters in FYE 2024
Zero air emissions of pollutants or particulates from production processes

Zero fatalities and zero Lost Time Incident Rate in the workforce during the reporting period
Total training hours of 285 hours across employee categories
Zero substantiated complaints regarding human rights violations

Implemented an Anti-Bribery and Anti-Corruption (ABAC) Policy and Anti-Bribery Management System (ABMS)
Zero confirmed incidents of corruption during the reporting year
Board is exploring enhancements to its performance evaluation by integrating relevant criteria focused on key sustainability-related areas

Continued downtrend in overseas orders for ceramic products
Rising cost challenges in the ceramics industry
Credit risk of borrowers defaulting on loans
Navigating complex regulations in moneylending and transportation/logistics
Fraud risk
Operational disruptions in transportation and logistics (labor shortages, delays, cargo damage)
Economic risks (slowdowns, geopolitical conflicts)
Supply chain disruptions in manufacturing
Quality control in manufacturing
Force majeure events (natural disasters, lockdowns, etc.)

Exploring new marketing strategies and partnerships for ceramic products
Enhanced operational cost efficiency across segments
Thorough credit assessments, collateral requests, loan portfolio diversification, appropriate interest rates for moneylending
Staying updated with regulatory changes, obtaining necessary licenses, implementing robust compliance programs
Stringent Know Your Business (KYB) verification procedures
Maintaining a flexible workforce, contingency plans, insurance coverage for transportation/logistics
Diversifying client base and markets, agile operations
Maintaining multiple suppliers, inventory buffers
Rigorous quality control processes, regular audits, employee training
Implementing safety protocols, sustainable practices
Recalibration and rationalization strategies, divesting non-core assets

Supplier Audits: 100% local supplier spending

Frameworks Used: Bursa Malaysia’s MMLR and its Sustainability Reporting Guide Third Edition

Compliance with all stipulated regulations, including any conservation requirements.
Commitment to more green spaces.
Observing the highest standards of Occupational Health and Safety protection.

Strong focus on customer needs and resolving and handling customers’ feedbacks and complaints methodologically.
Implementation of various policies to minimise the negative impact caused by the Group’s business activities on its ecosystem, encompassing development planning, construction site management, workforce, customer satisfaction and service, compliance, and corporate social responsibility.

Established a separate Risk Management Committee to provide dedicated oversight on risk management matters.
Established a sound structure for internal controls and policies for risk management.
Implemented Section 17A of the Malaysian Anti-Corruption Commission Act 2009, briefing newly appointed Directors on anti-bribery and anti-corruption policies.
Periodic review and revision of the Board Charter, Code of Business Conduct and Ethics, and Terms of Reference of the Board Committees.