Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Management
• Labour Practices
• Employee Well-being, Health and Safety
• Community Building
• Business Ethics
• Corporate Governance

Environmental Achievements

• Implemented energy-efficient measures in the head office (LED lights, natural lighting, AC auto-off), utilized reconditioned battery forklifts, and established a rainwater harvesting system.
• All hazardous waste generated from manufacturing processes are disposed of by licensed hazardous waste recycling facilities.

Social Achievements

• Upholds human rights and respects employee rights (no forced labor, no discrimination, safe workplace, no child labor, adherence to minimum wage).
• Offered internship programs.
• Slight decrease in incident and severity rate compared to 2018 in workplace safety.
• Provided various training and safety awareness events and seminars.
• Offered employee benefits (insurance, uniform, hostel, transportation, annual dinner, leave, EPF/SOCSO/EES/Bonus/Annual increment, gym facility, recreational activities).

Governance Achievements

• Established a Sustainability Management Committee (SMC).
• Formalized Code of Conduct and Code of Ethics.
• Adopted a Whistleblowing Policy.
• Established a Risk Management Committee.

Climate Goals & Targets

Environmental Challenges

• Competitive pricing pressure and general slowdown in the macro-economy impacting overseas sales.
• Slow growth in disposable income.
• Global competitors from cross-border e-commerce bringing in uncertified household goods.
• Uncertain economic outlook impacting consumer purchasing power.

Mitigation Strategies

• Aggressive marketing measures for weakening categories.
• Reviewing product profitability, operational efficiencies, automation processes, production capabilities, and marketing campaigns.
• Cost rationalisation, built around operational efficiency and optimisation of resources.

Supply Chain Management

Supplier Audits: Supplier performance review and rating annually.

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Energy saving appliances (table fans, wall fans, stand fans, exhaust fans)

Awards & Recognition

• Brand Excellence Award (2007, 2008, 2009, 2010)
• One of 20 leading brands in Malaysia (SHOWCASE MALAYSIA 2003)

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Environmental Management
• People
• Outreach

Environmental Achievements

• Implemented energy-saving measures in the head office (natural light, AC auto-off, LED lights), utilized reconditioned battery forklifts in warehouses, introduced energy-saving appliances
• Implemented SOPs to reduce adverse environmental impacts from waste discharge, disposed of hazardous waste through licensed facilities, received no environmental fines or sanctions.

Social Achievements

• Offered internship programs, upheld human rights, promoted a safe and healthy workplace, complied with minimum wage requirements, and promoted freedom of speech.
• Provided various training and safety awareness programs, sponsored Pensonic products for a Family Fun Day, implemented COVID-19 prevention SOPs.

Governance Achievements

• Established an Anti-Bribery and Corruption Policy, implemented a Whistleblowing Policy, maintained transparent and fair business dealings with dealers and customers, recorded zero cases of whistleblowing concerning anti-corruption.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions at the start of 2020 due to the COVID-19 pandemic and lockdowns, resulting in lower revenue.
• The COVID-19 pandemic and MCO disrupted operations, causing office, manufacturing plant, and service center closures.

Mitigation Strategies

• Implemented inventory management and digital marketing strategies to mitigate the impact of the pandemic.
• Resumed operations on May 13, 2020, after complying with relevant SOPs and guidelines.
• Consolidated business units, enhanced e-commerce presence, refined digital marketing strategy, and organized online campaigns.

Supply Chain Management

Supplier Audits: Systematic supplier assessment conducted before engaging a new supplier, based on quality, delivery, cost, and environmental aspects.

Responsible Procurement

• Procuring materials at best cost scales, conforming to environmental requirements, meeting quality standards, and delivering on time at competitive prices.

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Energy-saving appliances (table fans, wall fans, stand fans, exhaust fans), Toush Series Smart Home Appliances

Awards & Recognition

• Putra Most Enterprising Brand of The Year Award (2019)

Environmental Metrics

ESG Focus Areas

• Economic
• Environmental
• Social

Environmental Achievements

• Implemented a rainwater harvesting system in the head office.
• Encouraged employees to reduce paper usage.
• Used reconditioned battery forklifts in warehouses (reducing CO2 emissions).

Social Achievements

• Launched Circlez Loyalty Programme and App.
• Zero reported injuries in FY2022.
• Donated appliances to flood victims.
• Contributed to a school building fund.
• Pensonic Community Care ‘We Are One’ Campaign distributed necessities to around 3,000 affected families and communities.

Governance Achievements

• Upholds integrity and transparency in operations.
• Complies with Bursa Malaysia Securities Berhad’s Main Market Listing Requirements.

Climate Goals & Targets

Environmental Challenges

• Higher logistic costs and depreciation of Ringgit Malaysia eroded profit before tax.
• Higher inventory holding increased borrowings.
• Volatility of raw material prices due to the Covid-19 pandemic and the Russia-Ukraine conflict.
• Depreciation of Ringgit Malaysia.

Mitigation Strategies

• Adjusted selling prices amidst rising shipping and material costs.
• Stringent cost control measurements.
• Asset rationalisation exercise to unlock and realise the increase in the value of its landed assets.

Supply Chain Management

Responsible Procurement

• Systematic supplier assessment based on quality, delivery, and environment.

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Toush Smart Home Appliances

Awards & Recognition

• Brand Excellence Award
• Putra Brand Award
• Best Brand in Consumer Electrical Appliances
• The Most Promising Brand of the Year

Environmental Metrics

ESG Focus Areas

• Employee Health & Safety
• Welfare, Benefit and Development
• Energy Management
• Product Design, Safety and features
• Customer service and Experience
• Emission Management
• Waste Management
• Ethics & Code of conduct
• Supply Chain efficiency
• Anti-Corruption
• Environmental Compliance
• Diversity

Environmental Achievements

• Installed rooftop solar panels at Head Office and Manufacturing Plant with a total capacity of 871.2 kWdc, resulting in RM7,950.47 energy savings.
• Implemented rainwater harvesting system.
• Manufacturing Division adopted ISO 14001 for Environmental Management System (EMS).

Social Achievements

• Launched 'Pensonic Friends' initiative, partnering with eight influential personalities for brand promotion.
• Introduced 'Batik Series' home appliances, celebrating Malaysian culture.
• Consistently contributed to various sports events, educational institutions, and charitable programmes.
• Provided spacious living areas and upgraded facilities for foreign workers to comply with the Employee’s Minimum Standards of Housing and Amenities Act 2019.
• Conducted various health and safety training for 32 employees (Forklift training, ERT fire drill and first aid training).

Governance Achievements

• Adopted a Directors’ Fit and Proper Policy.
• Implemented Code of Conduct, Code of Ethics, Anti-Bribery and Anti-Corruption Policy, and Whistleblowing Policy.
• Included sustainability as a criterion in performance evaluations of board members.

Climate Goals & Targets

Environmental Challenges

• Pre-tax loss of RM7.3 million on revenue of RM309.3 million.
• Strategic decision to write down inventories amounting to RM6 million.
• Fluctuations in foreign currency exchange rates.
• Significant delays or defaults in payments by major customers.
• Potential vulnerabilities from fire, flooding, cyber-attacks, and contagious disease outbreaks.

Mitigation Strategies

• Comprehensive review of business processes to streamline operations, cut costs, and boost productivity.
• Intensified branding efforts to strengthen brand recognition and market positioning.
• Natural hedging strategy to mitigate foreign currency exchange risk.
• Thorough evaluation of credit terms and limits, monthly review of ageing reports, and timely recovery actions.
• Investment in advanced infrastructure and robust systems, establishment of well-defined emergency plans.

Supply Chain Management

Supplier Audits: Factory audit before engaging new suppliers; Annual Supplier Evaluation

Responsible Procurement

• Fostering long-term partnerships with suppliers
• Secure and efficient procurement practices
• Lean manufacturing
• Adherence to environmental regulations and compliance standards

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Batik Series home appliances
• Refrigeration appliances with Dual-Inverter Technology

Awards & Recognition

• Gold Award for Best Brand at the Star Outstanding Business Awards (SOBA) 2023
• Silver Award at the Putra Brand Awards 2023