Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic
• Environment
• Social
• Community

Environmental Achievements

• Recycled 149.0 kg of recyclables, equivalent to a 104.3 kg CO2 emissions reduction.
• Used eco-friendly paper for the annual report for the 6th consecutive year.

Social Achievements

• Employee engagement index at 93.3% (2018: 78.9%), exceeding the Global Engagement Index 2019 at 65%.
• Employees underwent 457 hours of work-related training.
• No reported incidents of discrimination or child and forced labour.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Non-performing investments in public listed equities and PE/VC.
• Geostrategic political or economic instability affecting investments.

Mitigation Strategies

• Proper management of public equity investment portfolio.
• Well-performed internal evaluation and due diligence on potential investees.
• Understanding the global political landscape and strategic responses.

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: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Studying the 17 UN Sustainable Development Goals for future adoption.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• MVCA “Exits 2018” Award

Environmental Metrics

ESG Focus Areas

• Economic
• Environmental
• Social
• Governance

Environmental Achievements

• Recycled 527 kg of office waste, avoiding an estimated 1,494.4 kgCO2e of carbon emissions.
• Encouraged paperless work and e-meeting papers since FY2018.
• Used eco-friendly, FSC-approved paper for the Annual Report for the eighth consecutive year.

Social Achievements

• Supported approximately 5,600 employment roles through private investments.
• Maintained high employee engagement index at 96.7%.
• Provided 40 hours of average training per employee.
• Participated in OSK Health Week 2021, including virtual health talks and a virtual run.
• Organized a blood donation campaign.
• Donated care packs to 160 COVID-19 frontliners.
• Contributed to Deepavali groceries for 200 needy families.
• Donated pre-loved books and toys to charity.

Governance Achievements

• Recognised as among the Top 100 Companies for CG Disclosure 2020 (rank: 94) in the MSWG- ASEAN CG Awards 2020 for the second consecutive year.
• Won the ‘Excellence Award for CG Disclosure (Market Cap Below RM100 Million)’ in the MSWG-ASEAN CG Awards 2019.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic and its impact on global economic recovery and capital markets.
• Tapering of Quantitative Easing and rising interest rates increasing market volatility.
• Geopolitical tensions increasing global equity market volatility.
• Regulatory actions by Chinese authorities on large Chinese businesses.
• Ongoing political movements in Malaysia.
• Potential risks to GDP growth including weaker-than-expected global growth and supply chain disruptions.
• Reputational risk for portfolio companies due to ESG non-compliance.
• Rise in COVID-19 infections potentially triggering lockdowns.
• Movement restrictions affecting private portfolio companies’ bottom line.
• Heightened liquidity in private markets leading to keener competition and higher risks.
• Soft market sentiment disrupting portfolio companies’ expansion.

Mitigation Strategies

• Negative sectoral screening avoiding investment in gambling, tobacco, and alcohol sectors.
• Focus on growth sectors, particularly technology, and large companies with resilient businesses.
• Increasing emphasis on companies with good corporate governance.
• Supporting private investee companies through contingency planning.
• Encouraging portfolio companies to improve operational efficiency.
• Reviewing investment requirements to optimize risk-returns.
• Leveraging network to identify investors for private portfolio companies.

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: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Top 100 Companies for CG Disclosure 2020
• Excellence Award for CG Disclosure (Market Cap Below RM100 Million)

Environmental Metrics

ESG Focus Areas

• Economic
• Environmental
• Social
• Governance

Environmental Achievements

• Converted all incandescent tubes and downlights in the office to LED lights, reducing energy consumption and carbon footprint since 2018. Avoided 1,274 kg/CO2e per annum.
• Collected 1,652 kg of recyclable materials through charity recycling program (213.5% increase from 2021).
• Launched 5R and BYO campaign at Plaza OSK to raise awareness on reducing single-use plastics.

Social Achievements

• Supported approximately 5,089 employment opportunities through private investments.
• Employees underwent an average of 51 hours of training (2021: 40 hours).
• Held OSK Health Week 2022 with initiatives covering stroke prevention, breast cancer awareness, blood donation, men's health, and financial well-being.
• Partnered with OSK Foundation and Atria Shopping Gallery for community initiatives, including Christmas celebration with orphans and support for B40 students.
• Participated in KapitalX Venture Fellowship Programme to develop Malaysian VC talent.

Governance Achievements

• Adopted Sustainability Policy on 20 May 2022.
• Zero cases of bribery and/or corruption, and zero whistleblowing complaints received during the financial year.
• Implemented a Whistleblowing Policy and mechanism.

Climate Goals & Targets

Environmental Challenges

• Risk of public investment portfolio not achieving targeted returns or causing financial losses due to global economic slowdown, inflation, rising interest rates, and geopolitical uncertainties.
• Risk of private investment portfolio not achieving targeted returns due to increased competition in the VC and PE market.

Mitigation Strategies

• Exited public investment portfolio in the third quarter of FY2022 pending macroeconomic improvement.
• Maintained a prudent investment approach focused on companies with resilient business models and positive cash flow.
• Closely monitored and supported private portfolio companies.
• Conducted in-depth review of risk-returns and exit strategy before committing to new investments.
• Leveraged business network to build a diverse and resilient portfolio.

Supply Chain Management

Supplier Audits: Not disclosed

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Bursa Malaysia's Enhanced Sustainability Reporting Framework

Third-party Assurance: Not disclosed

Environmental Metrics

ESG Focus Areas

• Economic
• Environmental
• Social
• Governance

Environmental Achievements

• 33% reduction in paper usage in FY2023 compared to the previous year
• Collected 1345kg cardboard, 38kg metal, 3912kg mixed papers, 29kg plastic, 9kg pre-loved textiles, and 2663kg e-waste for recycling

Social Achievements

• Average training hours per employee increased to 43 hours in 2023 from 40 hours in 2021
• Total investment in employee learning increased to RM21,010 in 2023 from RM4,303 in 2021
• Zero fatalities and zero workplace injuries in FY2023
• Investments contributed to 6,173 aggregate employment opportunities

Governance Achievements

• Appointment of a Chief Sustainability Officer
• Enhancement of the sustainability framework and policies
• Zero cases of bribery or corruption and zero whistleblowing complaints received during the financial year

Climate Goals & Targets

Environmental Challenges

• Limited emphasis on environmental factors, especially water conservation and biodiversity, among portfolio companies

Mitigation Strategies

• Progressively encouraging portfolio companies to disclose their environmental impact in a phased-in manner

Supply Chain Management

Responsible Procurement

• 72% of procurement expenditure directed towards local suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards, Bursa Malaysia’s Sustainability Reporting Framework

Third-party Assurance: Internal Assurance Group Internal Audit

Awards & Recognition

• The Edge Centurion Club 2023 Awards
• Forbes Asia 100 to Watch
• Cradle Choice Award 2023
• High-Growth Companies Asia-Pacific 2023
• Singapore’s Fastest Growing Companies 2023
• Malaysia’s Affiliate Marketing Pioneer Awards
• Smart Education Initiative (SEI Awards 2023)
• LowCarbonSG participant
• Visa accelerator programme winner in APAC region
• PCI-DSS Certification
• AI Fintech 100
• Enterprise Software - IT Services
• Winner of The Retailer’s Favourite
• Frost & Sullivan’s 2023 Southeast Asia Competitive Strategy Leadership Award
• ISO 27001 Certification
• Guinness World Records
• Integrated Waste Management
• Marketing Meister 2022-23
• Top 10 Waste Management Companies in Malaysia
• Singapore Enterprise 50 Award
• Southeast Asia Market Research Agency of the Year