Climate Change Data

Ygl Convergence Berhad

Climate Impact & Sustainability Data (2022, 2023-04 to 2024-03)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Installing solar panels for industrial and residential houses
  • Recycling old computers
  • Advocating for reduced carbon emissions

Social Achievements

  • Offered internship program to undergraduates studying computer science
  • Provided re-skilling training to local industry workforce
  • Continued “Circle of Love” to reach out to charities and people in need
  • Provided vegetarian lunches with charity homes on “Green Monday”
  • Donated reconditioned computers
  • Implemented solar energy system for customers

Governance Achievements

  • Established a Code of Conduct and Ethics
  • Implemented policies and procedures on whistleblowing
  • Established a Remuneration Policy
  • Established a Remuneration Committee
  • Undertook a formal and objective annual evaluation to determine the effectiveness of the board, its committees and each individual director

Climate Goals & Targets

Environmental Challenges

  • Supply chain disruptions due to the pandemic
  • Increased material and transportation costs
  • Manpower shortage across industries
Mitigation Strategies
  • Expanding smart warehouse, business analytics and machine integration solutions
  • Synergising solar installation segment with Smart Manufacturing and Smart Warehouse segment
  • Continuing R&D effort on smart solutions
  • Proactive role in the digitalisation and automation process of local SMEs

Supply Chain Management

Responsible Procurement
  • Vetting of suppliers

Climate-Related Risks & Opportunities

Opportunities
  • Harnessing solar energy to reduce dependency on fossil fuels and carbon emission

Sustainable Products & Innovation

  • Smart Manufacturing
  • Smart Warehouse
  • Solar energy solutions

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:89.6 tCO2e (Scope 2) and 17.59 tCO2e (Scope 3)
Scope 2 Emissions:89.6 tCO2e
Scope 3 Emissions:17.59 tCO2e

ESG Focus Areas

  • Energy & Fuel Efficiency
  • Technology, Innovation & Development
  • Supply Chain Management
  • Community Investment
  • Diversity, Equity & Inclusion
  • Anti-Corruption
  • Cybersecurity & Data Protection
  • Product & Services Quality
  • Employee Management
  • Water Management
  • Waste Management
  • Customer Satisfaction

Environmental Achievements

  • Commenced reporting Scope 2 and Scope 3 GHG emissions, measuring emissions from office electricity consumption and consultants’ travel in daily operations. Total greenhouse gas emissions for the year were 89.6 tCO2e and 17.59 tCO2e, respectively.
  • Revamped its solar energy strategy roadmap to focus more on commercial & industrial (C&I) customer, and also helped to improve its OPEX and CAPEX resulting in its eventual turnaround to achieve profitability within a year.

Social Achievements

  • Initiated ‘Circle of Love’ exercise to encourage employees and customers to contribute to society.
  • In FY 2024, invested RM34,000 in external learning and development programmes for employees.
  • Annual Retreat, Festive celebrations, Family Day event, Sport Tournaments

Governance Achievements

  • Established a dedicated whistleblowing channel under the Whistleblowing Policy.
  • Implemented robust cybersecurity measures, including continuous risk assessment, employee training, and investment in advanced security technologies.
  • Regularly reviews and updates its risk management process to keep abreast with industry requirements and adapt to changes in its business environment.

Climate Goals & Targets

Environmental Challenges

  • Rising labour and material costs amidst slower sales in the market.
  • Growing potential cybersecurity risks.
  • Water scarcity
Mitigation Strategies
  • Leveraging ERP, Smart Manufacturing and Smart Warehouse solutions.
  • Implementing robust cybersecurity measures.
  • Efficient water management practices (recycled water in fish pond, rainwater for irrigation).

Supply Chain Management

Responsible Procurement
  • Prioritising sourcing from local suppliers and providing business opportunities to SMEs.
  • Ensuring suppliers’ compliance with the Group’s Health and Safety Policies and Procedures.

Climate-Related Risks & Opportunities

Opportunities
  • Development of energy-efficient products
  • Growth in solar adoption

Reporting Standards

Frameworks Used: Bursa Malaysia’s Sustainability Reporting Guide (3rd Edition), GRI Standards, TCFD Recommendations, SASB Standards, ISSB Standards

Sustainable Products & Innovation

  • Ygl ERP and Industry 4.0 solutions
  • Smart Warehouse and Smart Manufacturing solutions
  • e-Invoicing solution
  • Solar energy solutions