Instacom Group Berhad (596299-D)
Climate Impact & Sustainability Data (2006, 2008, 2010, 2012-07 to 2012-12, 2014)
Reporting Period: 2006
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Not disclosed
Environmental Achievements
- Not disclosed
Social Achievements
- Maintained a low employee turnover rate; emphasized on retaining a stable yet competent workforce.
- Extensive training provided to employees to enhance competencies.
Governance Achievements
- Upholding good corporate governance; being open, transparent, and accountable.
- Paid 100% dividends (unprecedented for a Mesdaq company).
Climate Goals & Targets
Long-term Goals:
- Build I-Power into a well-known, self-sustainable, respected and trusted brand-name in the global market.
Medium-term Goals:
- Consolidate position as premier E-solutions specialist domestically and internationally in the next three to five years.
Short-term Goals:
- Improve AR position (bring down to 35%)
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: ISO 9002
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- I-Power eProcure, eHR, eMSExport, Case Management System (CMS)
Awards & Recognition
- CMMI Level 3 certification
- IBM On-Demand Certified Business Partner
- SAP’s most promising ISV
Reporting Period: 2008
Environmental Metrics
ESG Focus Areas
- Workforce
- Community
- Environment
Environmental Achievements
- Adopted eco-friendly practices: paperless environment, double-sided printing, recycling, energy conservation
Social Achievements
- Organized regular outings and recreational events for staff and families.
- Made cash and goods donations to welfare bodies and NGOs.
Governance Achievements
- Established an Audit Committee with a clear terms of reference.
- Implemented an Employee Share Option Scheme (ESOS).
Climate Goals & Targets
Long-term Goals:
- Become a truly well-diversified corporate in the Malaysian unified board, a leader in its chosen fields, with a diversified and well-balanced portfolio, stable recurring incomes, and highly profitable accompanied by healthy cash flows.
Short-term Goals:
- Application to upgrade to the Main or Unified Board of Bursa Malaysia Securities Berhad by the end of the first quarter of 2009.
Environmental Challenges
- Challenging global and domestic economic environment (subprime crisis, rising oil prices, inflation).
Mitigation Strategies
- Prudent and disciplined management.
- Aggressive marketing and sales activities.
- Strategic partnerships (e.g., IBM).
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- Forbes Asia 4th Annual “Best Under 1 Billion” list
Reporting Period: 2010
Environmental Metrics
ESG Focus Areas
- Corporate Social Responsibility
Environmental Achievements
- Adopted eco-friendly practices: paperless environment, double-sided printing, recycling, flexible working hours to minimize energy consumption and traffic congestion.
Social Achievements
- Organizes outings and recreational events for staff and families.
- Makes annual donations to welfare bodies and NGOs.
Governance Achievements
- Complied with the principles of Best Practices in Corporate Governance as set out in Part 2 of the Malaysian Code on Corporate Governance.
Climate Goals & Targets
Environmental Challenges
- Lower revenue (48% decrease from 2009) resulting in a net loss after tax of RM 94.772 million.
- Provision for allowance for doubtful debts (RM68.436 million).
- Impairment of investment in Izzinet Sdn Bhd (RM21.874 million) due to failed corporate exercise and economic downturn.
- Weak results attributable to lower spending by multinational companies (MNCs).
Mitigation Strategies
- Provided impairment for investment and allowance for doubtful debts to cushion the impact of FRS 139.
- Directors and management team will work to improve performance for the next financial year.
- Expect IT spending by MNCs to increase with overall economic improvement.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Malaysian Code on Corporate Governance
Reporting Period: 2012-07 to 2012-12
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environment
- Marketplace
- Workplace
Environmental Achievements
- Implemented paperless environment, recycling initiatives, and used inverter-based air conditioners to conserve energy.
Social Achievements
- Organized gatherings and sports activities to foster close ties among employees and improve workplace environment.
- Provided various training programs to enhance employee skills and abilities.
Governance Achievements
- Applied the principles and best practices of the Malaysian Code on Corporate Governance 2012.
- Established an Audit and Risk Management Committee, Nomination Committee, and Remuneration Committee.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Malaysian Code on Corporate Governance 2012
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2014
Environmental Metrics
ESG Focus Areas
- Environment
- Marketplace
- Workplace
Environmental Achievements
- Paperless environment encouraged using ICT, maximizing paper usage by printing double-sided, recycling unwanted papers and recyclable items.
- Adopted the usage of Inverter-based air conditioners in the office.
Social Achievements
- Employees sent for various training to enhance skills and abilities.
- Organized gatherings and sports activities to foster close ties among employees.
Governance Achievements
- Board approved and adopted a Board Charter setting out duties, responsibilities, and functions of the Board.
- All Directors attended the Mandatory Accreditation Programme (MAP).
Climate Goals & Targets
Environmental Challenges
- Softening market for telecommunication engineering services impacted the Group’s performance in 2014, leading to decreased revenue and profit before tax across all segments (CME, TI, TBF).
Mitigation Strategies
- Rationalized costs by approximately 30% by the end of December 2014.
- Successfully acquired a 35% stake in Neata Group to diversify revenue streams into the construction industry and leverage potential synergies.