Climate Change Data

Texchem Resources Bhd

Climate Impact & Sustainability Data (2023, OCT-DEC 2022)

Reporting Period: 2023

Environmental Metrics

Renewable Energy Share:2.66% of total energy use (2023)
Total Energy Consumption:97,121 MWh/year (2023)
Water Consumption:1,564 megalitres/year (2023)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced carbon footprint through solar-based energy and energy-saving initiatives in FY2022 (quantified data for 2023 not provided).
  • Successful mass production of TEXa bio-based polymer in Q4 2023, promoting circular economy.

Social Achievements

  • Community investment of RM83,667 in FY2023 benefiting 129 individuals.
  • Various employee engagement activities and training programs (specific details and outcomes not quantified).

Governance Achievements

  • Established Anti-Corruption Policy and Procedures (ACPP) based on T.R.U.S.T. principles.
  • Compliance with Bursa Malaysia’s enhanced sustainability reporting framework.

Climate Goals & Targets

Environmental Challenges

  • Lower sales due to weaker demand, high interest rates, inflation, and inventory adjustments.
  • Aggressive pricing by Chinese producers impacting Industrial Division.
  • Slowdown in semiconductor, E&E, and HDD industries affecting Polymer Engineering Division.
  • Weaker revenue from food service sector and foreign exchange control in Myanmar impacting Food Division.
  • Weak consumer sentiment and elevated operating costs impacting Restaurant Division.
Mitigation Strategies
  • Efforts to minimize impact of macroeconomic factors.
  • Expanding market share and strengthening relationships with principals and customers in Industrial Division.
  • Seizing opportunities from Chinese companies’ shift to Southeast Asia in Industrial Division.
  • Improving performance in semiconductor and medical life sciences sectors in Polymer Engineering Division.
  • Managing challenges through growing local sales and diversifying supply chain in Myanmar in Food Division.
  • Focusing on revenue growth through menu innovation and strategic outlet expansion, enhancing cost management in Restaurant Division.
  • Leveraging interest in TEXa bio-polymer due to global emphasis on environmentally friendly products in Venture Business Division.

Supply Chain Management

Responsible Procurement
  • Local procurement to support local economy and minimize environmental impact.
  • Procurement policy upholding confidentiality, preventing conflicts of interest, and ensuring ethical dealings.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Bursa Malaysia’s Sustainability Reporting Guideline (3rd Edition), Malaysia Code on Corporate Governance 2021

Certifications: ISO 9001:2015, ISO 14001:2015, ISCC Plus, ecovadis, OEKO-TEX Eco Passport, IATF 16949:2016, HACCP, HALAL, Certificate of Good Aquaculture Practice (GAqP), U.S. Food and Drug Administration Registration, GHP Certificate, ISO 22000, GMP Certificate, Halal MS 1500:2019, MeSTI Certificate, OEM Halal, VHM (Veterinary Health Mark) Cert V283, MyFood Tag, HACCP Codex Alimentarius 2020, Sijil Pengiktirafan BeSS, Halal MS 1500, ISO/IEC 17025:2017

Sustainable Products & Innovation

  • TEXa bio-based polymer

Awards & Recognition

  • Award-winning chair design using TEXa bio-polymer

Reporting Period: OCT-DEC 2022

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Donated part of fundraising proceeds to an environment fund to assist Malaysian families affected by floods.
  • Texchem Polymers Sdn Bhd partnered with Fumakilla Limited to produce cockroach bait casing using TEXa’s biobased material, reducing GHG emission.

Social Achievements

  • Empowerment initiatives for needy students through the “Back to School” program, sponsoring daily meals.
  • Sushi King Sdn Bhd awarded Best Employer Award 2022 by the Employees Provident Fund Malaysia (EPF).

Governance Achievements

  • Strengthening ESG as a core part of business strategy; ESG goal settings to be rolled out.

Climate Goals & Targets

Environmental Challenges

  • Weakened consumer sentiment due to fear of recession in H2 2022, reflected in Q4 results.
Mitigation Strategies
  • Improved efficiency and cost controls, resulting in improved profit before tax margin.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

  • TEXa’s biobased material for cockroach bait casing.

Awards & Recognition

  • Sushi King Sdn Bhd awarded Best Employer Award 2022 by the Employees Provident Fund Malaysia (EPF).