AE Multi Holdings Berhad
Climate Impact & Sustainability Data (2024)
Reporting Period: 2024
Environmental Metrics
Total Energy Consumption:641.57 MWh/year
Water Consumption:99,804,000 m3/year
ESG Focus Areas
- Environmental Stewardship
- Social Responsibility
- Economic Sustainability
- Ethical Business Operations
- Corporate Social Responsibility
Environmental Achievements
- Reduced electricity expenses by 15% to 20% in a Thailand factory by replacing transformers with energy-saving models.
Social Achievements
- Annual medical health screenings and outpatient medical fee coverage for employees.
- Annual dinner and monthly birthday celebrations for employees.
- Donation of bicycles to underprivileged children and support for various organisations through sponsorship and donations.
- 70 employees trained on health and safety standards.
- Zero work-related fatalities.
Governance Achievements
- Implementation of Anti-Bribery and Corruption Policy.
- Establishment of Audit Committee, Nominating and Remuneration Committee, and Risk Management Committee.
- Regular review and update of sustainability strategies, robust corporate governance practices, and stakeholder engagement.
Climate Goals & Targets
Environmental Challenges
- Slow economic growth in 2024 due to rising inflation, stagnant wage growth, and geopolitical tensions.
- Decreased demand for glove products after the COVID-19 pandemic.
- Intensified price competition in the glove market.
- De-globalisation in the export market, particularly from China.
- Increased competition in PCB manufacturing from countries like Vietnam and Thailand.
- Market saturation in the electronics market.
- Rising manufacturing costs.
Mitigation Strategies
- Diversification of revenue streams (construction materials, material procurement outsourcing services).
- Cost optimisation and operational streamlining.
- Product diversification.
- Focus on automation and cost reduction in PCB manufacturing.
- Penetration into the automotive market (IATF 16949:2016 certification).
- Introduction of Aluminium PCBs.
Supply Chain Management
Responsible Procurement
- Compliance with labor laws, environmental regulations, and quality management systems.