Climate Change Data

AYS Ventures Berhad

Climate Impact & Sustainability Data (2021-04 to 2022-03)

Reporting Period: 2021-04 to 2022-03

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Lowered energy consumption intensity by 39%
  • Implemented recycling program and blood donation campaign in office, reduced paper waste, replaced incandescent light bulbs with energy-saving LED bulbs

Social Achievements

  • Annualised staff turnover rate of 3.14%
  • Customer satisfactory rate of over 86%
  • Zero fatalities recorded across the Group
  • Provided employment for a total of 204 people in FY2022
  • Provided various training and development programmes
  • Strengthened performance management framework to attract and retain talent
  • Promoted a safe work environment

Governance Achievements

  • Certified with Integrated Management System (IMS) ISO 9001:2015, ISO 14001:2015, ISO 45001:2018
  • Anti-Bribery and Corruption Policy, Whistleblowing Policy and Code of Business Conduct
  • Zero cases of bribery and corruption

Climate Goals & Targets

Medium-term Goals:
  • Embark on renewable energy project for sustainable environment
Short-term Goals:
  • Upgrade and implement certification for ISO 45001:2018
  • Construction of new covered warehouses with warehousing facilities
  • Integrate sustainability strategy and framework into overseas subsidiary’s business operation
  • Establish a CSR Task Force to develop a community development strategy

Environmental Challenges

  • Intense competition in the market
  • Fluctuations in steel prices
  • Inadequate sales volume of products
  • Inefficiency in managing manufacturing costs
  • Supply chain disruptions
  • Rising cost of raw materials
  • Higher energy costs and commodity prices
  • Weak domestic currency
  • Shortage of workers
  • Ongoing supply chain disruptions
  • Skyrocketing energy and carbon prices
  • Persisting inflation rate
  • Global policy and political changes
Mitigation Strategies
  • Achieve economies of scale by increasing capacity and production for better pricing strategy
  • Constantly innovating to provide value-added solutions to customer
  • Actively monitoring and managing exposure by keeping up to date market information and market changes
  • Implemented sales strategy in accordance with obtained information
  • Developed rapport with suppliers to ensure favourable pricing
  • Implemented marketing strategies to increase sales team performance and customer service
  • Constantly expanding market coverage
  • Reviewed pricing strategies to reflect current trend to attract customers
  • Strengthening strategic partnerships with global steel mills
  • Improved supply chain efficiency, cost effectiveness and productivity
  • Investing in digital platforms and infrastructures
  • Investing in cybersecurity infrastructure

Supply Chain Management

Responsible Procurement
  • Fair evaluation of vendor proposals
  • Uphold responsible and ethical procurement practises
  • Negotiate with vendors to ensure best value
  • Promptness of payment

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Bursa Malaysia’s Main Market Listing Requirements (MMLR), Malaysian Code of Corporate Governance (MCCG) 2021, International Financial Reporting Standards (IFRS), Malaysian Financial Reporting Standards (MFRS), Companies Act 2016, Corporate Governance Guide (4th Edition), International Integrated Reporting Framework , GRI Standards, United Nations Sustainable Development Goals (SDGs)

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018

UN Sustainable Development Goals

  • SDG 3
  • SDG 8
  • SDG 10
  • SDG 12
  • SDG 16

Initiatives contribute to these goals through various programs related to employee well-being, responsible waste management, equal opportunities, sustainable consumption and production, and ethical business practices.