Climate Change Data

IMASPRO CORPORATION BERHAD

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Governance and Ethics
  • Customer Satisfaction
  • Occupational Health & Safety
  • Financial Performance
  • Climate Change & Energy Efficiency
  • Effluent & Waste Management
  • Diversity & Inclusiveness
  • Supply Chain Management

Environmental Achievements

  • Investments in automation and process engineering minimized resource wastage and reduced waste material production.
  • Energy-saving LED lightings were used to minimize energy usage and reduce carbon footprint.
  • Rainwater harvesting was practiced for sanitation purposes.

Social Achievements

  • Continuous dengue awareness programs conducted in partnership with healthcare agencies.
  • Provided support to employees and customers requiring vaccinations.
  • Extended help to flood victims.
  • Offered industrial training and internship opportunities to students.

Governance Achievements

  • Reviewed and updated Board Charter and Code of Ethics and Conduct.
  • Appointed a new woman director to the Board.
  • Conducted an internal board effectiveness assessment.
  • Adopted a Gender Diversity Policy.
  • Adopted an anti-Bribery and anti-Corruption Policy.

Climate Goals & Targets

Environmental Challenges

  • Reduced demand in domestic and international markets.
  • Increased competition and downward price pressures.
  • Withdrawal of registrations for chlorpyrifos and carbofuran products.
  • Global supply chain disruptions, container shortages, and escalating shipping costs.
  • Increased government scrutiny of agrochemicals.
  • Falling Ringgit impacting raw material purchases and product sales.
  • Rising raw material costs due to the strengthening US Dollar.
  • Climate change impacting agriculture.
  • Shift towards organic and higher-quality food products.
  • Stringent regulations governing agrochemical products and phase-out of existing ones.
  • Market competition and counterfeit products.
Mitigation Strategies
  • Comprehensive review of product portfolio, pricing strategies, and operational efficiencies.
  • Exploring opportunities for diversification and identifying growth markets.
  • Launch of a new insecticide brand and repositioning of other insecticide products.
  • More robust planning process for stock requisitions.
  • Securing alternative sourcing channels, particularly from local suppliers.
  • Ongoing supplier assessments to identify vulnerabilities.
  • Diversifying supplier base by establishing secondary supplier relationships.
  • Effective marketing and sales campaigns to enhance brand value.
  • New product development focusing on environmentally-friendly and innovative formulations.
  • Investing in employee training and development initiatives.

Supply Chain Management

Responsible Procurement
  • Maximising value creation by reducing supply chain costs, improving transactional processes, maintaining long-term relationships with suppliers, complying with laws and regulations, and enhancing efficiency.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Malaysian Code on Corporate Governance