Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Exploring solar panels installation in our facilities by 2026 to reduce our reliance on fossil fuels and decrease carbon footprint.
• Minimizing waste generation and promoting recycling and reuse.
• Implementing a waste management program for proper disposal, recycling, and reuse.
• To launch a tree-planting program in collaboration with local communities by 2024 to increase carbon sequestration and support natural ecosystems.
• To invest in energy-efficient inverter air conditioners and fully implement LED lighting in our new building in 2024 to reduce energy consumption.
• To install an electric vehicle charging station within our compound by 2026 to support the transition to cleaner transportation.

Social Achievements

• Provided a grant to support a crucial project to fortify a local religious monastery and protect the surrounding village from mountain floods.
• Offer comprehensive hospital and surgical insurance coverage and annual dental and vision care to all employees.
• Zero work-related fatalities and lost time incident rate in the years 2022 and 2023.
• Offered specific training programs on health and safety standards.
• Held an Annual Company Dinner and a Team-Building Retreat.
• Increased employee training hours from 447.5 in 2022 to 848 in 2023.
• Launched an education sponsorship program in 2023 to provide financial support to employees pursuing relevant engineering courses.
• Achieved at least 30% female representation in our employee, senior key management, and Board in 2023.

Governance Achievements

• Established a strong risk management and internal control system.
• Instituted the Risk Management Committee (RMC) to review the Risk Management Framework, processes, and strategies.
• Implemented a Code of Conduct and Ethics (COCE).
• Adopted an Anti-Bribery & Anti-Corruption Policy (ABC Policy).
• Implemented a Whistleblowing Policy.
• Established an Audit Committee (AC) to oversee financial reporting, internal controls, risk management, and compliance matters.

Climate Goals & Targets

Environmental Challenges

• Dependency on a few major customers.
• Foreign exchange fluctuations.
• Talent recruitment and retention.
• Disruption in business operations.
• Profit margin contractions.

Mitigation Strategies

• Provide quality products and services to secure orders and retain customers. Explore securing orders from new customers or entering new market regions.
• Manage exposure through sales and purchases in the same currency denomination.
• Offer competitive remuneration packages and focus on creating a great place to work.
• Started the new Batu Kawan factory construction and continuously looking out for suitable factories.
• Pay close attention to global development in relation to material cost fluctuation and inventory control.

Supply Chain Management

Responsible Procurement

• Collaborating with suppliers who share our values and adhere to environmental standards.
• Implemented a Supplier Code of Conduct emphasizing Corporate Social Responsibility, Compliance with Laws, Safety and Health.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, UN SDGs

Certifications: ISO 9001