Climate Change Data

ViTrox Corporation Berhad

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:5,026.4 tCO2e/year (Scope 1, 2, and 3 - Employee Commuting)
Scope 1 Emissions:22.8 tCO2e/year
Scope 2 Emissions:3,676.7 tCO2e/year
Scope 3 Emissions:1,326.9 tCO2e/year (Employee Commuting)
Renewable Energy Share:22% of total energy use
Total Energy Consumption:7,507.8 MWh/year
Water Consumption:50.5 m3/year
Waste Generated:208.6 tons/year
Carbon Intensity:0.00529 tCO2e/RM’000 (Scope 2, 3-year rolling period)

ESG Focus Areas

  • Climate Change and Energy Management
  • Environmental Conservation and Preservation
  • Supply Chain Management
  • Talent Attraction and Retention
  • Talent Development
  • Workplace Health and Safety
  • Employee Well-being
  • Human Rights
  • Diversity and Inclusion
  • Innovation and Product Excellence
  • Community Engagement
  • Corporate Governance and Ethical Practices
  • Economic Performance

Environmental Achievements

  • Achieved 100% wood waste diversion.
  • Reduced Scope 2 carbon emissions.
  • Generated 813.0 MWh of green energy from solar, reducing 519.5 tonnes of CO2 emissions.
  • Served 177,635 earth-friendly meals, avoiding 546,255 kg CO2 emissions.
  • Recycled 89 tonnes of waste materials.

Social Achievements

  • Engaged with over 2,000 students from 100 schools in STEM-related activities.
  • Achieved 79% employee engagement rate.
  • Consistently high employee satisfaction rates.
  • Maintained zero incidents of human rights violations.
  • Improved employee turnover rate.

Climate Goals & Targets

Long-term Goals:
  • Net-zero carbon emissions by 2030 (Scope 2).
Medium-term Goals:
  • Reduce water consumption by 20.0% for cooling infrastructure and domestic usage by 2030.
  • Achieve 85% employee engagement rate by 2030.
  • Reduce employee turnover rate to below 8.0% by 2030.
  • Achieve 100% RoHS-compliant materials in all product ranges (excluding AXI machines) by 2030.
  • Achieve 80.0% employees’ participation rate in V-Meal by 2030.
  • Achieve 15% year-on-year increase in V-Meal participants by 2030.
  • Achieve at least 20 voluntary hours per employee by 2030.
  • Achieve at least 25.0% female composition in managerial positions by 2030.
  • Achieve at least 28.0% female composition in technical positions by 2030.
  • Achieve 100% participation in human rights-related training for all employees by 2030.
  • Achieve a 2.0% year-on-year reduction of Scope 2 carbon emissions per revenue on a 3-year rolling period basis by 2030.
  • Achieve net-zero carbon emissions in Scope 2 by 2030.
Short-term Goals:
  • Reduce water consumption by 3.0% for cooling infrastructure and domestic usage by 2024.
  • Achieve 80% employee engagement rate by 2024.
  • Reduce employee turnover rate to below 9.0% by 2024.
  • Achieve 10% year-on-year increase in the use of self-made honeycomb paper wrappers by 2024.
  • Achieve energy savings rate of 2% of previous year’s purchased electricity by 2024.
  • Reduce Scope 2 carbon emissions intensity by 2% compared to the previous year by 2024.

Environmental Challenges

  • Global economic slowdown and excess inventory in the semiconductor sector.
  • Challenges in achieving certain sustainability targets (e.g., Scope 2 emissions reduction, employee turnover).
  • Customer hesitancy in placing orders for new products.
Mitigation Strategies
  • Introduced new targets to drive energy efficiency and reduce Scope 2 carbon emissions.
  • Implemented various energy-saving initiatives.
  • Invested in renewable energy and procurement of credible renewable energy.
  • Implemented various initiatives to attract and retain talent (e.g., scholarships, flexible work arrangements, employee share schemes).
  • Continued investment in R&D despite revenue challenges.

Supply Chain Management

Supplier Audits: 42 suppliers assessed via desk assessments

Responsible Procurement
  • Supplier Code of Conduct
  • Anti-Bribery and Corruption Policy
  • Prioritization of local procurement
  • Supplier Self-Assessment Questionnaire
  • Due Diligence Assessment Form

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Changes in climate patterns
Transition Risks
  • Legal risks
  • Policy risks
  • Technology risks
  • Market risks
  • Reputational risks
Opportunities
  • Resource efficiency
  • Energy source diversification
  • Product and service innovation
  • Market access
  • Resilience building

Reporting Standards

Frameworks Used: GRI Standards, FTSE Russell ESG Ratings, S&P Global ESG Ratings, TCFD Recommendations, UN SDGs, MCCG

UN Sustainable Development Goals

  • Goal 1 (No Poverty)
  • Goal 4 (Quality Education)
  • Goal 5 (Gender Equality)
  • Goal 7 (Affordable and Clean Energy)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 9 (Industry, Innovation and Infrastructure)
  • Goal 10 (Reduced Inequalities)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)
  • Goal 15 (Life on Land)
  • Goal 16 (Peace, Justice and Strong Institutions)
  • Goal 17 (Partnerships for the Goals)

ViTrox's initiatives contribute to these SDGs through various programs and activities detailed in the report.

Sustainable Products & Innovation

  • Energy-efficient products
  • RoHS-compliant products
  • Products with AI and IoT features for enhanced efficiency

Awards & Recognition

  • Malaysia’s Best Managed Companies 2023
  • The Edge ESG Awards 2023 (Gold award for Most Improved Performance Over 3 Years)
  • Forbes Asia’s Best Under A Billion 2023
  • Global Technology Award 2023
  • Mexico Technology Award 2023
  • Malaysia Iconic Role Model Enterprise Awards