Climate Change Data

Top Glove Corporation Bhd

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:486,435 tonnes CO2e/year
Scope 1 Emissions:273,483 tCO2e/year
Scope 2 Emissions:152,403 tCO2e/year
Scope 3 Emissions:6,033 tCO2e/year
Renewable Energy Share:5.68% of total energy use
Total Energy Consumption:372,687,396 kWh/year
Water Consumption:16,282,460 m3/year
Waste Generated:13,642 tons/year
Carbon Intensity:0.0207 tonnes CO2e/1,000 pcs gloves

ESG Focus Areas

  • Climate Change
  • Nature Restoration
  • People-centric Corporate Citizenship
  • Ethical Business Practices
  • Continuous Stakeholder Engagement

Environmental Achievements

  • Reduced carbon emissions to 486,435 tonnes (53% decrease compared to FY2022 baseline)
  • Reduced municipal water consumption by 22%
  • Planted 2,150 mangrove trees
  • Reduced solid waste by 70%
  • Reduced paper usage by 80.8%
  • Reduced usage of virgin plastic resin in stretch film packaging by 19.2%

Social Achievements

  • Reduced Lost Time Injury Frequency Rate (LTIFR) to 0.81
  • Zero fatality cases in FY2023
  • 14 factories achieved Grade A in DOSH OSHWA audit
  • Achieved 52% female leadership in managerial positions
  • Contributed RM32 million to various charitable endeavors
  • Employees volunteered 10,524 hours

Governance Achievements

  • Invested RM2.1 million in enhancing cybersecurity systems
  • Maintained ISO 27001:2013 certification for Information Security Management Systems
  • Maintained 8 ABMS certified entities
  • ESG metrics linked to 40% of Management’s KPI

Climate Goals & Targets

Long-term Goals:
  • Transitioning into a net zero carbon business
Medium-term Goals:
  • Achieve 100% ISO 45001 and ISO 14001 certifications
  • Achieve 100% ISO 50001 certification for selected factories
  • Achieve 100% ISO 37001 certification for all entities
Short-term Goals:
  • Reduce carbon emission intensity by 10% to 0.0176 tonnes/1,000 pcs glove
  • Reduce electricity consumption intensity by 10% to 7.76 kWh/1,000 pcs glove
  • Reduce natural gas consumption intensity by 10% to 0.279 MMBtu/1,000 pcs glove
  • Reduce municipal water consumption intensity by 34% to 0.151 m3/1,000 pcs glove
  • Reduce scheduled waste intensity by 13% to 0.140 kg/1,000 pcs glove
  • Divert disposal of scheduled waste from licensed landfill by 74%
  • Reduce solid waste by 20% to 8,248 tonnes
  • Achieve 122 million pieces of sales of Green Series Product
  • Conduct supplier audit to 100% active critical supplier on ESG metrics
  • Ensure 50% of active suppliers within Grade A & B to comply to ESG metrics
  • Achieve 70% traceability to plantations of natural rubber sourcing

Environmental Challenges

  • Changes in business dynamics leading to potential delays in achieving sustainability goals
  • Water scarcity
  • Flooding
  • Increased compliance costs due to regulatory changes (e.g., EUDR)
  • Changing customer preferences towards eco-friendly products
  • High production costs relative to competitors
Mitigation Strategies
  • Re-evaluation and prioritization of operational strategies
  • Upgrading water treatment plants, rainwater harvesting, water recycling
  • Flood mitigation initiatives
  • Attaining relevant sustainability ISO certifications
  • Developing an in-house supply chain traceability system
  • Manufacturing biodegradable gloves
  • Transitioning to renewable electricity through solar power
  • Optimizing resources and consolidating production lines

Supply Chain Management

Supplier Audits: 100% of active critical suppliers audited with ESG assessment

Responsible Procurement
  • Business Partners’ Code of Conduct
  • ESG metrics incorporated into supplier assessments
  • Traceability initiatives for natural rubber

Climate-Related Risks & Opportunities

Physical Risks
  • Water scarcity
  • Flooding
Transition Risks
  • Regulatory changes (e.g., EUDR)
  • Market shifts (customer preferences)
  • Carbon pricing mechanisms
Opportunities
  • Development of energy-efficient products
  • Access to new markets for eco-friendly products
  • Reduced operating costs through resource efficiency

Reporting Standards

Frameworks Used: IIRC Framework, SASB, UN SDGs, UNGC Ten Principles, Greenhouse Gas (GHG) Protocol, MCCG, GRI Standards: Core Option, Bursa Malaysia Sustainability Reporting Guidelines, Bursa Malaysia Corporate Governance Guide, TCFD Framework, IFRSs by ISSB, SPOTT, CDP

Certifications: ISO 14001, ISO 45001, ISO 50001, ISO 9001, ISO 37001, ISO 18788, ISO 27001, FSC, HACCP, GMP, BRCGS

Third-party Assurance: SIRIM QAS International Sdn Bhd

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Biogreen™ Biodegradable Series gloves
  • Biogreen™ Renewable Series gloves

Awards & Recognition

  • Dow Jones Sustainability Indices (DJSI) inclusion (5 consecutive years)
  • S&P Global Sustainability Yearbook 2023 ('Industry Mover')
  • Bloomberg Gender Equality Index (GEI) inclusion (2 consecutive years)
  • FTSE4Good 4-Star rating
  • Prime Minister’s Hibiscus Awards