Climate Change Data

Environmental Metrics

ESG Focus Areas

• Compliance
• Building Our Customer Success
• Care for Our Employees
• Economic Performance

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Environmental Metrics

ESG Focus Areas

• Compliance
• Economic Performance
• Building Customer Success
• Care for Employees

Social Achievements

• Increased personnel across all departments to support expansion.
• Implemented staff handbook and human resources manual adhering to legislation and guidelines.

Governance Achievements

• Complied with the principles and guidelines set out in the Code of Corporate Governance 2012.
• Established a set of procedures and policies governing compliance with applicable legislation and adherence to risk management guidelines.
• Adopted a Whistle-Blowing Policy.

Climate Goals & Targets

Environmental Challenges

• Global economic slowdown
• Geopolitical uncertainties
• Volatility in foreign exchange
• Inflationary costs
• Slight delay in constructing new production lines due to finetuning and maintenance.

Mitigation Strategies

• Upgrading existing production lines to enhance production efficiency and economies of scale.
• Delaying plans for new production lines until higher volume of gloves produced from Phase 1 stabilizes.
• Expanding distribution infrastructure (acquisition of land and warehouse in Brazil; establishing distribution company in Chengdu, China).

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 9001, ISO 13485, Standard Malaysian Glove

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Environmental Compliance
• Occupational Health and Safety
• Diversity and Equal Opportunity
• Employee Welfare
• Socioeconomic Compliance
• Corporate Governance
• Data Privacy
• Anti-Corruption

Environmental Achievements

• No violation of environmental laws and regulations.

Social Achievements

• No significant work-related injuries or fatalities.
• No non-compliance with occupational health and safety laws.
• No non-compliance with fair employment practices.
• Increased number of employees due to expansion.

Governance Achievements

• No non-compliance with social and economic laws and regulations.
• Compliance with Code of Corporate Governance 2018.
• No non-compliance with management controls and procedures.
• No incidents of corruption, bribery, or fraud.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to the COVID-19 pandemic and lockdowns.
• Mismatch in demand and supply of disposable gloves leading to increased prices.

Mitigation Strategies

• Aggressive expansion of production capacity to meet increased demand.
• Prioritizing production for long-term customers.
• Implementing precautionary measures to prevent COVID-19 transmission in workplaces (e.g., remote work, on-site safety protocols).

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 9001, ISO 13485, Malaysian Rubber Board certification

Environmental Metrics

ESG Focus Areas

• Economic
• Environmental
• Social
• Governance

Environmental Achievements

• Reduced total energy consumption by 19.7% (from 1,203,924 GJ in FY22 to 966,271 GJ in FY23)
• Reduced overall GHG emissions by 19.0% (from 78,007 tCO2e in FY22 to 63,214 tCO2e in FY23)
• Reduced total volume of water consumed by 20.6% (from 1,804.8 ML in FY22 to 1,432.2 ML in FY23)

Social Achievements

• Maintained zero incidents resulting in fatality and permanent disabilities.
• Completed 4-pillar SMETA audit on Labour Standards, Health & Safety, Environment and Business Ethics.
• Provided 5,543.8 training hours (average 5.3 hours per employee)

Governance Achievements

• Recorded no incident of non-compliance with relevant laws and regulations relating to social, economic, and environmental aspects.
• Maintained no incident of non-compliance relating to bribery, extortion, fraud, and money laundering.

Climate Goals & Targets

Environmental Challenges

• Lower demand for disposable examination gloves
• Declining average selling price of disposable examination gloves
• Inflationary pressure on fixed overheads
• Intense competition resulting from rapid capacity expansion in upstream manufacturing during the pandemic
• Disequilibrium in global demand and supply of disposable examination gloves
• Inefficient drying and compressing of rubber sludge leading to higher scheduled waste

Mitigation Strategies

• Outsourcing some generic products to cost-efficient manufacturers
• Planning to commission a third manufacturing facility to improve efficiency and economies of scale
• Strategic diversification into non-glove healthcare related businesses
• Stringent cost rationalisation efforts
• Planning to purchase a more efficient sludge dryer

Supply Chain Management

Supplier Audits: SMETA audit annually

Responsible Procurement

• Sourcing raw materials from local suppliers whenever possible

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards (2021)

Certifications: ISO 9001:2015, ISO 13485:2016, EN ISO 13485:2016+A11:2021, ISO 14971, EN ISO 14971

Environmental Metrics

ESG Focus Areas

• Economic
• Environmental
• Social
• Governance

Environmental Achievements

• Reduced total energy consumption by 34.0% year-on-year, from 966,271 GJ in FY23 to 637,575 GJ in FY24.
• Overall GHG emissions decreased by 32.3% year-on-year, from 63,214 tCO2e in FY23 to 42,803 tCO2e in FY24.
• Total volume of water consumed reduced by 29.5% from 1,432.2 ML in FY23 to 1,009.0 ML in FY24.
• Installed solar panels on the rooftop of warehouse and office building to lower energy consumption from non-renewable sources.

Social Achievements

• Zero occurrences leading to fatality or permanent disability.
• Recorded 23 recordable job-related injuries (0.03% work days lost) in FY24, compared to 46 in FY23 (0.06% work days lost).
• Completed 4-pillar SMETA audit on Labour Standards, Health & Safety, Environment and Business Ethics with no non-compliance incidents.
• Conducted Employee Representative Election for foreign workers.

Governance Achievements

• No socioeconomic or environmental violations of laws and regulations during FY24.
• No bribery, extortion, fraud, or money laundering violations in FY24.
• No breaches of customer privacy or data leaks, thefts, or losses of customer data in FY24.

Climate Goals & Targets

Environmental Challenges

• Global disposable glove industry consolidation.
• Rising operating expenses.
• Climate change risks (e.g., high costs of adopting new energy-efficient technologies).

Mitigation Strategies

• Collaboration with third-party manufacturers for cost-effective production.
• Efficient resource management.
• Exploration of government incentives to offset capital investment costs for new technologies.
• Implementation of energy efficiency measures to maximize the use of available renewable energy.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Sourcing raw materials from local suppliers whenever possible.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• High costs associated with adopting new energy-efficient technologies.

Opportunities

• Incorporating solar energy to reduce carbon footprint.

Reporting Standards

Frameworks Used: GRI Standards (2021), TCFD

Certifications: ISO 9001:2015, ISO 13485:2016, EN ISO 13485:2016, SMETA

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Eco-friendly materials in disposable examination gloves.

Awards & Recognition

• Not disclosed