EVD Berhad
Climate Impact & Sustainability Data (2022, June 30, 2024)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Reduced electricity costs through energy-saving initiatives (insulated windows, LED lighting, encouraging power saving habits)
- Reduced paper usage by encouraging the use of soft copies instead of printing documents
Social Achievements
- Investment in training and development programs, including on-the-job training
- Providing internship programs to university students
- Fair treatment of all employees and maintaining a good work-life balance
- Rewarding employees based on performance and providing universal benefits
Governance Achievements
- Implementation of an Anti-Bribery and Corruption Policy
- Establishment of a Whistleblowing Policy
- Regular updates on the Company’s Code of Conduct and Work Ethics Policy
Climate Goals & Targets
Environmental Challenges
- Competition with other ICT system solutions providers
- Dependency on the transportation industry
- Project risks (delays, cancellations, cost overruns, material price fluctuations)
- Foreign currency fluctuations
- Financing risk
- Concentration of customers
- Dependency on the maintenance or renewal of licenses
- Defect liabilities
- Changes in economic, political, and regulatory conditions
Mitigation Strategies
- Leveraging past technical expertise and experience
- Focusing on recurring revenue streams from service and maintenance
- Careful project evaluation and planning
- Monitoring currency movements and hedging arrangements (as needed)
- Prudent approach to manage risks internally
- Careful customer evaluation and detailed project planning
- Ensuring compliance with rules and regulations
- Product warranty from suppliers
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: June 30, 2024
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Managing material wastes at work sites to mitigate environmental impact. Adherence to ISO 14001:2015 standards.
Social Achievements
- Established a Board Diversity Policy to ensure a diverse workforce and fair gender representation.
- Implemented a Whistle Blowing Policy to provide an anonymous and confidential avenue to report misconduct.
Governance Achievements
- Established a Board Charter specifying roles and responsibilities of the Board, committees, and management.
- Established a Code of Conduct and Work Ethics Policy promoting integrity, transparency, and accountability.
- Merged Audit Committee and Risk Management Committee into a single Audit and Risk Management Committee (ARMC).