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