SK Target Group Limited
Climate Impact & Sustainability Data (2016-06 to 2017-05, 2019-06 to 2020-05, 2020-06 to 2021-05, 2021-06 to 2022-05, 2024)
Reporting Period: 2016-06 to 2017-05
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Established an environmental policy and management system to prevent pollution and minimize environmental impacts.
- Implemented measures to reduce energy consumption (lighting, air conditioning, etc.) and water usage.
- Optimized route planning for product delivery to minimize vehicle mileage and substituted phone/video conferences for business travel.
Social Achievements
- Strictly conformed with relevant employment laws and regulations.
- Offered an appealing remuneration package including salary, bonuses, allowances, and medical benefits.
- Provided ongoing training and development programs for employees.
Governance Achievements
- Formulated a code of ethics and communicated it to all employees to prevent conflicts of interest and bribery.
- Registered trademark in Malaysia to protect intellectual property rights.
- Established a Safety and Health Committee to review safety measures and investigate incidents.
Climate Goals & Targets
Environmental Challenges
- Minimizing greenhouse gas emissions from logistics and transportation.
- Reducing paper consumption in the office.
Mitigation Strategies
- Optimized route planning, substituted phone/video conferences for business travel, used direct flights and economy class for unavoidable business trips.
- Supported electronic means for information dissemination, used duplex and economic modes for printers, placed notices to remind employees to print on both sides of paper and reuse paper.
Supply Chain Management
Responsible Procurement
- Considered product pricing, quality, supply capability, business track record, services provided, and environmental performance of suppliers; focused on chemical constituent of raw materials and their impact on health and safety; compiled a list of approved suppliers for periodic review; conducted site visits to main suppliers.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: “Environmental, Social and Governance Reporting Guide” under Appendix 20 of the Rules Governing the Listing of Securities on the Growth Enterprise Market of the Stock Exchange of Hong Kong Limited
Certifications: ISO 9001:2008 (Quality Management System)
Reporting Period: 2019-06 to 2020-05
Environmental Metrics
ESG Focus Areas
- Environmental Protection
- Employee Welfare
- Supply Chain Management
- Quality Assurance
- Data Privacy
- Intellectual Property Rights
- Anti-Corruption
- Community Investment
Environmental Achievements
- Established an environmental policy and management system certified to ISO 14001:2015.
- Reduced hazardous waste production from 547kg to 214kg.
- Implemented various measures to reduce emissions and resource consumption (details in report).
Social Achievements
- Strict adherence to labor laws and regulations in Malaysia.
- Implemented various health and safety measures, including obtaining OHSAS 18001:2007 certification.
- Provided training programs for employees in technical and management fields.
Governance Achievements
- Established a code of ethics and clear regulations to prevent corruption and conflicts of interest.
- Registered trademarks in Malaysia to protect intellectual property rights.
- Implemented stringent quality control measures according to ISO 9001:2015.
Climate Goals & Targets
Environmental Challenges
- Greenhouse gas emissions from logistics and transportation.
- Waste generation from production and office operations.
- Maintaining high product quality and meeting customer requirements.
Mitigation Strategies
- Optimized route planning for product delivery, adopted hybrid automobiles.
- Implemented waste reduction initiatives, including recycling and using recycled materials.
- Established a quality management system, conducted regular inspections and customer satisfaction surveys.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Compliance with local and national laws and regulations related to unethical behavior, bribery, corruption, and health and safety.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: “Environmental, Social and Governance Reporting Guide” under Appendix 20 of the Rules Governing the Listing of Securities on the Growth Enterprise Market of the Stock Exchange of Hong Kong Limited
Certifications: ISO 14001:2015, OHSAS 18001:2007, ISO 9001:2015 (for precast concrete manholes and accessories)
Third-party Assurance: Not disclosed
Reporting Period: 2020-06 to 2021-05
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Reduced GHG emissions from 271 tonnes of CO2e in 2019-20 to 230 tonnes of CO2e in 2020-21.
- Implemented various emission controlling measures and practices, reducing carbon footprint and air pollution during business operations.
- Implemented water-saving measures, such as reducing water pressure and conducting regular leakage checks.
Social Achievements
- Complied with all applicable labor laws and regulations in Malaysia.
- Provided various training programs to employees in technical and management fields.
- Established a health and safety management team to maintain a safe working environment.
Governance Achievements
- Established a quality management system according to ISO 9001:2015.
- Obtained ISO 45001:2018 Occupational Health and Safety Management System certification.
- Formulated a code of ethics and ensured it was well communicated to all employees.
Climate Goals & Targets
Environmental Challenges
- Potential impact from increased severity and frequency of extreme weather events due to climate change.
- Data limitations in reporting general waste due to reliance on third-party cleaning companies.
Mitigation Strategies
- Maintained comprehensive insurance coverage for assets prone to damage by extreme weather.
- Strengthened information collection to improve data disclosures in future ESG reports.
Supply Chain Management
Supplier Audits: Regular reviews of supplier backgrounds, performance, licenses, and certifications; site visits to main suppliers.
Responsible Procurement
- Compliance with local and national laws and regulations related to unethical behavior, bribery, corruption, and health and safety.
- Consideration of environmental performance and chemical constituents of raw materials.
Climate-Related Risks & Opportunities
Physical Risks
- Increased severity and frequency of extreme weather events
Reporting Standards
Frameworks Used: “Environmental, Social and Governance Reporting Guide” under Appendix 20 of the Rules Governing the Listing of Securities on the Growth Enterprise Market of the Stock Exchange of Hong Kong Limited
Certifications: ISO 14001:2015, ISO 45001:2018, ISO 9001:2015 (for precast concrete manholes and accessories)
Third-party Assurance: Not disclosed
Reporting Period: 2021-06 to 2022-05
Environmental Metrics
ESG Focus Areas
- Environmental Protection
- Employee Welfare
- Supply Chain Management
- Quality Assurance
- Data Privacy
- Intellectual Property Rights
- Anti-Corruption
- Community Investment
Environmental Achievements
- Reduced GHG emissions from 230 tonnes of CO2e in 2020-21 to 198 tonnes of CO2e in 2021-22.
- Reduced hazardous waste from 189 kg in 2020-21 to 246 kg in 2021-22.
- Reduced non-hazardous waste from 605 kg in 2020-21 to 533 kg in 2021-22.
- ISO 14001:2015 certification attained.
Social Achievements
- No work-related fatalities in the past three years.
- Zero work injuries during the reporting year.
- Various employee welfare initiatives including festive luncheons, badminton competitions, and birthday celebrations.
- Provided training programs in technical and management fields.
Governance Achievements
- Established a quality management system according to ISO 9001:2015.
- Established a health and safety management system according to ISO 45001:2018.
- Implemented a code of ethics to govern employee conduct.
- No legal cases regarding corrupt practices during the reporting period.
Climate Goals & Targets
Environmental Challenges
- Climate change related physical risks (increased severity and frequency of extreme weather events).
- Climate change related transitional risks (enhanced emissions-reporting obligations).
- Data collection limitations for general waste.
Mitigation Strategies
- Comprehensive insurance coverage for assets.
- Water-saving measures (reducing water pressure, leakage checks, water-efficient sanitary fittings).
- Paper reduction initiatives (electronic means, duplex printing, print quotas).
- Strengthening information collection to improve data disclosures.
Supply Chain Management
Supplier Audits: Regular reviews and site visits to main suppliers.
Responsible Procurement
- Compliance with local and national laws and regulations related to unethical behavior, bribery, corruption, and health and safety.
- Consideration of environmental performance and chemical constituents of raw materials.
Climate-Related Risks & Opportunities
Physical Risks
- Increased severity and frequency of extreme weather events
Transition Risks
- Enhanced emissions-reporting obligations
Reporting Standards
Frameworks Used: GEM Reporting Guide (Appendix 20 of the Rules Governing the Listing of Securities on the Growth Enterprise Market of the Stock Exchange of Hong Kong Limited)
Certifications: ISO 14001:2015, ISO 45001:2018, ISO 9001:2015 (for precast concrete manholes and accessories)
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Decreased GHG emission intensity by 7.6% compared to 2023.
- Achieved target to decrease total GHG emission intensity level in 2023-24.
- Maintained emission target to maintain total GHG emission intensity level in 2024-25 as in 2023-24.
- Implemented energy-saving measures.
Social Achievements
- Successfully obtained the certificate of ISO 45001:2018 Occupational Health and Safety Management System.
- Zero work injuries and loss days due to work injuries in 2024.
- No work-related fatalities in the past three years.
- Provided training to 66 employees.
Governance Achievements
- Established appropriate and effective management policies and internal control systems for ESG issues.
- Complied with all applicable labor laws and regulations in Malaysia and Hong Kong.
- No material non-compliance of laws and regulations relating to employment and labor practices.
- No material violation of intellectual property rights.
Climate Goals & Targets
- Continue to enhance environmental management strategies.
- Maintain water consumption intensity level in 2024-25 as of 2023-24.
- Lower total waste disposal intensity level in 2024-25.
Environmental Challenges
- Business expansion led to inability to meet waste disposal intensity target.
- Extreme weather may disrupt business operations and endanger employee health and safety.
- Stringent climate change laws and regulations may increase operating costs.
- Potential for legal risks related to climate change.
Mitigation Strategies
- Implemented green office practices to reduce paper consumption.
- Implemented electronic office system to reduce paper usage.
- Set duplex printing as default mode for printers.
- Contingency measures for adverse weather conditions and information backup.
- Continuous monitoring of changes in laws and regulations.
- Sought compliance advisory services.
- Comprehensive measures to protect the environment, including GHG emission reduction.
Supply Chain Management
Supplier Audits: Annual reviews and evaluations of 76 major suppliers.
Responsible Procurement
- Compliance with local and national laws and regulations.
- Consideration of product pricing, quality, supply capability, business track record, and services.
- Focus on environmental performance and chemical constituents of raw materials.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather disrupting business operations.
Transition Risks
- Stringent climate change laws and regulations.
Reporting Standards
Frameworks Used: GEM Listing Rules Appendix 20
Certifications: ISO 14001:2015, ISO 45001:2018, ISO 9001:2015