Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic Sustainability
• Environmental Sustainability
• Social Sustainability

Environmental Achievements

• The Group has been extremely diligent in the design of its production facilities, the equipment used and controls put in place so as to mitigate risks and comply with all relevant safety standards.
• works to reduce the usage of materials, optimize product packaging, and improve on waste management and usage of energy for production.

Social Achievements

• APB believes in equitable treatment of its employees irrespective of gender, age, ethnicity, nationality or religion.
• Employees are given proper trainings on safety and health to ensure that they are well-versed with all safety procedures, including in the event of emergencies at the workplace.
• Focus is also placed on employees development as they are the most important assets of the company.
• providing internships to students from local institutions of higher learning
• taken on a certain number of handicapped staff into its work force
• makes donations and sponsorships for various causes to schools, universities, healthcare centers, needy people and special needs children.

Governance Achievements

• established the Anti-Bribery and Anti-Corruption Policy and Procedure
• The Anti-Bribery and Anti-Corruption Policy and Procedure are made known to all the Group’s employees, sub-contractors and business associates and duly acknowledged by them.

Climate Goals & Targets

Environmental Challenges

• Years 2020 and 2021 were dominated by the Covid-19 pandemic which has caused devastating impacts on human lives, social suffering and economic fallouts worldwide.
• The on-going US-China trade war is another dampener and doesn’t look like it is nearing resolution.
• The economy continues to be ravaged by the Covid-19 pandemic.
• Private sector consumption and investment have slumped significantly.
• most other industries have been significantly impacted by the pandemic.
• The huge disruption to the supply chains and the uncertain macroeconomic outlook was another blow to the already weak process equipment industry which has been struggling for the past few years.
• intense competition with low availability of projects and tight margins.
• major end-users of process equipment held back further capital expenditure given the uncertain outlook.
• Supply chains for steel plates and other related raw materials will continue to be disrupted as suppliers’ operations will be affected by various lockdown measures in their respective countries.
• global logistics bottleneck situation.
• The prolonged downturn of the fabrication industry may have taken a toll on many players and some may struggle to pull through, forcing the industry to go through consolidation which would result in a smaller playing field and a shrunk overall fabricating capacity.
• Prevailing rapid rise in global inflation is expected to put pressure on production costs, particularly raw materials.
• supply chains disruption and logistic bottlenecks add to the risk of potential cost overrun and late delivery penalties.

Mitigation Strategies

• cost-cutting and innovating to stay efficient
• The Group will be focusing more effort in this area to mitigate the potential risks.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN’s Sustainability Development Goals

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Implemented solar panels with a total capacity of 926,133 kWh, resulting in annual savings of 722,383 kg of CO2 emissions.
• Installed a new laser cutting machine, improving cutting efficiency and reducing non-hazardous material wastage.
• Installed solar panels in AMC Gebeng, saving 25% on electricity bills.
• Implemented recycling of packing materials.

Social Achievements

• No reported cases of discrimination, harassment, or violations of child labour or forced labour.
• Decreasing full-time staff turnover rate.
• Provided internships for students from local institutions.
• Absorbed handicapped staff into the workforce.
• Cash contributions to two associations for the blind and the welfare and sports association of the local Department of Occupational Safety and Health.

Governance Achievements

• Established Anti-Bribery and Anti-Corruption Policy and Procedure.
• Implemented Directors’ Fit and Proper Policy.
• Established Business Continuity Plan & Framework.
• 100% of employees attended ABAC training in FY2023.
• No incidents of corruption confirmed in the past three financial years.

Climate Goals & Targets

Environmental Challenges

• Market volatility and economic conditions.
• Supply chain disruptions.
• Technological advancements and competition.
• Regulatory and compliance risks.
• Financial risks.
• Project execution and operational risks.
• Strategic investment and diversification risks.
• Environmental and social risks.
• Cybersecurity risks.

Mitigation Strategies

• Closely monitors market trends and maintains operational flexibility.
• Diversifies supplier base, maintains strategic stock levels, and enhances supply chain resilience.
• Invests in R&D, adopts cutting-edge technologies, and upgrades manufacturing capabilities.
• Conducts regular audits, employee training programs, and stays abreast of regulatory changes.
• Employs prudent financial management practices, including hedging strategies.
• Meticulous project planning, rigorous quality control, and effective project management practices.
• Thorough due diligence, careful integration of acquisitions, and continuous monitoring of investments.
• Implements stringent environmental management systems, engages with communities, and adheres to best practices in CSR.
• Robust cybersecurity measures, regular IT audits, and continuous employee training on cybersecurity awareness.

Supply Chain Management

Supplier Audits: 22 in FY2023, 100% meeting expectations

Responsible Procurement

• Prioritizes sourcing from local suppliers (53% in FY2023).

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Bursa Malaysia’s Sustainability Reporting Guide (3rd Edition), GRI Standards

Certifications: ISO 9001

Third-party Assurance: H-Corp Management Sdn Bhd (internal audits), SIRIM QAS (ISO 9001)