Bursa Malaysia Berhad
Climate Impact & Sustainability Data (2023, FY23)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:6.519.943 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:6.444.964 tCO2e/year
Scope 2 Emissions:74.979 tCO2e/year
Scope 3 Emissions:3.985.220 tCO2e/year
Renewable Energy Share:35%
Total Energy Consumption:154.522.284 GJ/year
Water Consumption:170.437 ML/year
Waste Generated:500.975 tons/year (Hazardous)
Carbon Intensity:1.22 tCO2e/tonne (2023)
ESG Focus Areas
- Product
- Forest
- People
Environmental Achievements
- Reduced GHG emissions by 4% from the 2018 baseline.
- Increased renewable energy use by 6.2% compared to the previous year.
- Installed solar power plants (PLTS) in Tangerang and Serang mills with a total capacity of 8.765 MWp.
- Plan to have an additional PLTS with a capacity of 12.86 MWp operational in Perawang mill in 2024.
- 100% of pulpwood suppliers comply with the PEFC scheme and are certified with PHPL – VLK (SVLK, Timber Legality Verification System).
- Plantation pulpwood from suppliers sourced from sustainably managed forests through the SERA Process.
- Tangerang mill collaborated with the Tangerang Regency Government to plant 150,000 mangrove trees in Ketapang (2018-2023) to protect the north coast from erosion.
Social Achievements
- Implemented various programs to empower the local economy in the areas of its operations, such as training programs and small and medium-sized enterprise (SME) development.
- Provided 12,121 hours of human rights training to employees (100% participation).
- Facilitated capacity building for 13 fostered MSMEs through Business Incubation activities.
- Supported 54 students studying at state universities.
Governance Achievements
- Consistently upholds the highest ethical and integrity standards in implementation and compliance with regulations.
- Implemented a four-pillar approach to ethics and risk management.
- Established a robust grievance mechanism (Whistleblower Channel) operating 24/7.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Increase the number of women in senior management positions by 30% by 2030.
Short-term Goals:
- Not disclosed
Environmental Challenges
- Low public awareness of sustainable products (limited demand for biodegradable products).
- Evolving regulations and methodologies at national and international levels.
- Ensuring employees understand the importance of sustainability initiatives.
Mitigation Strategies
- Incorporated sustainability initiatives into the Company’s KPIs.
- Actively communicates the importance of sustainability initiatives.
- Factored challenges into its sustainability risk management.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- PEFC and SVLK certifications for pulpwood suppliers.
- Supplier Code of Conduct.
Climate-Related Risks & Opportunities
Physical Risks
- Water scarcity
Transition Risks
- Low public awareness of sustainable products
- Evolving regulations and methodologies
Opportunities
- Increased use of renewable energy
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI Standards 2021, POJK No. 51/POJK.03/2017, SE OJK 16/2021, UNGC, UN Global Compact’s CEO Water Mandate
Certifications: ISO 9001:2015, ISO 14001:2015, ISO 50001:2018, ISO 45001:2018, PEFC, SVLK, SMK3, Halal, Singapore Green Label, MyHijau, Ecolabel Indonesia, BIS, AEO, Green Industry Standard
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- 1, 2, 3, 4, 5, 6, 8, 12, 13, 14, 15, 16
Community empowerment programs align with SDGs 1, 2, 3, 4, 5, 6, 8, 12, and 14; environmental initiatives align with SDGs 6, 12, 13, and 15; sustainability governance aligns with SDGs 5, 10, and 16.
Sustainable Products & Innovation
- Foopak Bio Natura (plastic-free, recyclable, biodegradable, compostable)
Awards & Recognition
- Indonesia Green and Sustainable Award
- Gold Champion Award (Bisnis Indonesia)
- Outstanding UMKM award (Eka Tjipta Foundation)
- Various awards from government agencies
Reporting Period: FY23
Environmental Metrics
Total Carbon Emissions:9802 tCO2e/year
Scope 1 Emissions:2409 tCO2e/year
Scope 2 Emissions:6169 tCO2e/year
Scope 3 Emissions:8578 tCO2e/year
Total Energy Consumption:8140 MWh/year
Waste Generated:7660 tons/year
ESG Focus Areas
- Climate Change
- Governance
- Social
Environmental Achievements
- Achieved carbon neutrality for the 3rd consecutive year in 2023 by offsetting all Scope 1 & 3 GHG emissions via the purchase and retirement of 3,668 tCO2e of carbon credits.
- Reduced Scope 2 emissions by 63%
- Installed a rooftop solar photovoltaic system and utilized Renewable Energy Certificates (3,624 tCO2e).
Social Achievements
- Invested MYR1.15m and 16,020 training hours in employees in 2023.
- Launched two flagship CSR programs in 2021: re.Food and Sens-Ability.
- Launched Shares2share scheme in Nov 2022 for investors to donate listed shares or proceeds to charities.
Governance Achievements
- Established a dedicated sustainability committee at the Board level.
- Has a Whistleblower Policy and Procedures (WPP).
- Implemented Anti-Fraud, Bribery and Corruption Policy in 2019 and an Organisational Anti-Corruption Plan in 2020.
Climate Goals & Targets
Long-term Goals:
- Net zero greenhouse gas (GHG) emissions by 2050
Environmental Challenges
- GHG emission was up 9.6% YoY in 2023 due to expansion of scope of fugitive emissions and increase in refrigerants usage under Scope 1.
- General waste to landfill was down 47% YoY, while paper waste sent for recycling was down 59% YoY in 2023 (implies challenges in waste reduction).
Mitigation Strategies
- Plans to diversify its energy mix further and begin the transition to hybrid or EV for its vehicles fleet in 2024.
- Utilizes groundwater for non-potable water uses (toilet flushing and cooling tower).
- Employs responsible disposal of e-waste via a licensed operator and recycling.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: TCFD
Third-party Assurance: BSI Services Malaysia S/B (Selected disclosures)