Climate Change Data

MBV International Limited

Climate Impact & Sustainability Data (2021, 2023)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:669.47 tCO2e/year
Scope 1 Emissions:375.84 tCO2e/year
Scope 2 Emissions:293.63 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:1,908,641.20 kWh/year
Water Consumption:14,024.00 m3/year
Waste Generated:20,338 kg/year
Carbon Intensity:5.56 tons/Revenue RM’000 (2021)

ESG Focus Areas

  • Emissions
  • Use of Resources
  • Environment and Natural Resources
  • Climate Change
  • Employment
  • Health and Safety
  • Development and Training
  • Labour Standards
  • Supply Chain Management
  • Product Responsibility
  • Anti-Corruption
  • Community Investment

Environmental Achievements

  • Reduced Scope 1 and Scope 2 greenhouse gas emissions from 792.09 tons in 2020 to 669.47 tons in 2021.
  • Reduced energy intensity from 19.82 kWh/Revenue RM’000 in 2020 to 11.6 kWh/Revenue RM’000 in 2021.
  • Reduced water intensity from 0.17 m3/Revenue RM’000 in 2020 to 0.12 m3/Revenue RM’000 in 2021.
  • Reduced non-hazardous waste intensity from 0.20 kg/Revenue RM’000 in 2020 to 0.17 kg/Revenue RM’000 in 2021.

Social Achievements

  • Provided various types of training to employees, including marketing knowledge, customer service, safety, and quality management.
  • Maintained a good working relationship with employees, with no material non-compliance regarding employment.
  • Donated 350 pieces of apparel and 500 face masks (approximately RM 10,000) to support community initiatives.

Governance Achievements

  • Established an ESG Committee to coordinate different departments and enhance cooperation.
  • Implemented anti-corruption training for directors and staff.
  • Formulated a whistleblowing policy to promote business ethics and integrity.

Climate Goals & Targets

Long-term Goals:
  • Achieving ongoing emission reduction according to governmental requirements.
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Climate change poses potential risks, including extreme weather conditions.
  • Managing environmental and social risks within the supply chain.
Mitigation Strategies
  • Implemented precautionary measures for flexible working arrangements under extreme weather scenarios.
  • Careful selection process for suppliers based on environmental, health, and safety standards, and social criteria.
  • Annual evaluations of suppliers and subcontractors to ensure compliance with standards.

Supply Chain Management

Supplier Audits: Annual evaluations

Responsible Procurement
  • Careful selection process based on technical strengths, product quality, quality control, pricing, environmental, health, and safety standards, and social criteria (including prohibition of child and forced labor and elimination of discrimination).

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather conditions such as flooding and storms
  • Sustained high temperature
Transition Risks
  • Change in environmental-related regulations
  • Change in customer preferences
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: ESG Reporting Guide (Appendix 27 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:973.88 tons CO2e (2023); 907.11 tons CO2e (2022)
Scope 1 Emissions:562.26 tons CO2e (2023); 525.64 tons CO2e (2022)
Scope 2 Emissions:411.62 tons CO2e (2023); 381.47 tons CO2e (2022)
Total Energy Consumption:2,757,895.06 kWh (2023); 2,587,964.75 kWh (2022)
Water Consumption:21,838.00 m3 (2023); 16,119.00 m3 (2022)
Waste Generated:24,588 kg (2023); 25,817 kg (2022)

ESG Focus Areas

  • Emissions
  • Use of Resources
  • Environment and Natural Resources
  • Climate Change
  • Employment
  • Health and Safety
  • Development and Training
  • Labour Standards
  • Supply Chain Management
  • Product Responsibility
  • Anti-Corruption
  • Community Investment

Environmental Achievements

  • Maintained or reduced the intensity of air pollutants emissions, GHG emissions, and waste production based on the average intensity of the two preceding reporting periods.
  • Adopted various practical measures to reduce the use of natural resources (thus in turn reduce emissions)
  • Implemented electricity saving measures, including adopting LED lighting, setting air-conditioning temperature at 24˚C, and switching off unnecessary devices.
  • Implemented water saving measures, including regular inspection and repair of water supply systems and raising employee awareness.

Social Achievements

  • Maintained a good working relationship with employees, offering competitive remuneration packages and providing training and development opportunities.
  • Established a COVID-19 Workplace Guidelines Policy to protect employees.
  • Organized training sessions on anti-corruption for directors and staff.
  • Actively participated in various public welfare activities and donated approximately RM30,000 to SJK (Cina) Chong Hwa Rengit.

Governance Achievements

  • Established an ESG Committee to coordinate different departments and enhance cooperation.
  • Implemented a risk management system under a top-down structure to identify and manage ESG risks.
  • Formulated whistleblowing policy to promote business ethics and integrity.

Climate Goals & Targets

Short-term Goals:
  • Maintain or reduce the intensity of air pollutants emissions, GHG emissions, and waste production.

Environmental Challenges

  • Potential climate-related risks such as extreme weather events disrupting supply chains, increased operating costs, and tightened regulations.
  • Potential transition risks such as higher costs for GHG emissions, policy changes, and market shifts.
  • Increase in water consumption due to increased number of foreign employees.
Mitigation Strategies
  • Relocating staff, flexible working arrangements, reducing carbon footprint, closely monitoring assets, procuring from sustainable suppliers, setting GHG emission reduction targets, investing in renewable energy, adopting sustainable procurement, and addressing stakeholder concerns.

Supply Chain Management

Supplier Audits: Annual evaluations

Responsible Procurement
  • Careful selection process based on financial performance, technical strengths, product quality, quality control, pricing, and environmental and social criteria.
  • Environmental friendly procurement criteria

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events (flooding, storms)
  • Changes in precipitation patterns
  • Rising sea levels
  • Rising average temperature
Transition Risks
  • Increased operating costs
  • Tightened regulation
  • Carbon price
  • Policy changes
  • Technology changes
  • Market shifts
  • Reputation risks
Opportunities
  • Use of low carbon energy sources
  • Implementing circular business models
  • Adopting sustainable procurement
  • Solar energy utilization

Reporting Standards

Frameworks Used: ESG Reporting Guide (Appendix C2 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited)