Climate Change Data

LYC Healthcare Berhad

Climate Impact & Sustainability Data (2022, 2023, 2024)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Economic Sustainability
  • Social Sustainability
  • Environmental Sustainability
  • Governance

Environmental Achievements

  • Implemented proper waste segregation and disposal in compliance with Environmental Quality (Scheduled Wastes) Regulations 2005.

Social Achievements

  • Expanded confinement centre network in Malaysia (Johor Bahru), increasing bed capacity.
  • Acquired T&T Medical Group Pte. Ltd. and HC Orthopaedic Surgery Pte. Ltd. in Singapore.
  • Acquired 70% of Aqurate Ingredients Intl (M) Sdn. Bhd. in Malaysia.
  • Implemented human capital development programs including remuneration review, employee development, and employee welfare.
  • Established an Equal Opportunity Policy.
  • Complies with the Personal Data Privacy Act (PDPA).

Governance Achievements

  • Established a Board Charter to promote high standards of corporate governance.
  • Established a Code of Conduct and Ethics.
  • Established a Whistleblowing Policy and Procedures.
  • Established Board Committees (Audit, Nomination, and Remuneration).
  • Annual assessment of the Board, Board Committees, and individual Directors.

Climate Goals & Targets

Environmental Challenges

  • Competition with new entrants or smaller industry players.
  • Potential expansion of existing healthcare providers.
  • Intensified competition with existing market players.
  • COVID-19 pandemic impact on revenue and operations.
  • Non-compliance to regulatory requirements.
  • Inability to meet desired service levels.
  • Safety, health, and environmental risks.
Mitigation Strategies
  • Expansion of business model through strategic alliances.
  • Advertising and promotion with bundles and packages.
  • Cross-selling between healthcare services.
  • Participation in baby fairs and expos.
  • Reviewing strategy and planning to meet affordability of different markets.
  • Maintaining good customer relationships.
  • Upholding superior quality.
  • Service differentiation by increasing value-added services.
  • Established SOPs, conducted trainings, and engaged with regulatory authorities.
  • Appointed confinement specialists and experienced nurses.
  • Ongoing SOP trainings, on-the-job training, and supervision.
  • Formalized service level agreements with service providers.
  • Weekly Sales and Operations meetings, annual review of staff competencies.
  • Customer feedback, food quality control, and market intelligence.
  • Disciplinary action, various insurance policies, and fire-fighting equipment.
  • Proper food handling, strict security control.

Supply Chain Management

Responsible Procurement
  • Product quality, fair payment terms, reasonable price, and business continuity.

Climate-Related Risks & Opportunities

Awards & Recognition

  • Best Confinement Centre in Malaysia

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Economic Sustainability
  • Social Sustainability
  • Environmental Sustainability
  • Governance

Environmental Achievements

  • Implemented proper waste segregation and disposal in compliance with Environmental Quality (Scheduled Wastes) Regulations 2005.

Social Achievements

  • Implemented human capital development programs including reviewing remuneration packages and benefits, managing employee development and employee welfare.
  • Implemented an Equal Opportunity Policy to ensure fair and equal opportunities for all employees.
  • Complies with the Personal Data Privacy Act (PDPA) to ensure careful management of patient data.

Governance Achievements

  • Established a Board Charter to promote high standards of corporate governance.
  • Established a Code of Conduct and Ethics to promote ethical conduct throughout the Group.
  • Established a Whistleblowing Policy and Procedures to ensure transparency and accountability.

Climate Goals & Targets

Medium-term Goals:
  • Expand warehouse and office facility for nutraceutical business to cater for higher demand.
Short-term Goals:
  • Continue confinement network expansions in Malaysia and explore opportunities overseas.

Environmental Challenges

  • Non-compliance to regulatory requirements
  • Inability to meet desired levels of service
  • Safety, health, and environmental risks
  • Competition risk
Mitigation Strategies
  • Established SOPs, conducted trainings, continuous engagement with regulatory authorities, strict quality control, disciplinary actions, various insurance policies, fire fighting equipment, market intelligence, strategic business alliances, advertising and promotion, cross-selling, maintaining good customer relationships, upholding superior quality, service differentiation.

Supply Chain Management

Responsible Procurement
  • Product quality, fair payment terms, reasonable price, and business continuity

Climate-Related Risks & Opportunities

Reporting Period: 2024

Environmental Metrics

ESG Focus Areas

  • Economic Sustainability
  • Social Sustainability
  • Environmental Sustainability
  • Corporate Governance

Environmental Achievements

  • Implemented proper waste segregation and disposal in compliance with Environmental Quality (Scheduled Wastes) Regulations 2005.

Social Achievements

  • Served more than 8,000 mothers and babies as of 31 March 2024.
  • Implemented an Equal Opportunity Policy to ensure fair and equal opportunities for all employees.
  • Focus on employee training and development programs.
  • Compliant with the Personal Data Privacy Act (PDPA) for patient data.

Governance Achievements

  • Established a Board Charter to promote high standards of corporate governance.
  • Established a Code of Conduct and Ethics.
  • Implemented a Whistleblowing Policy and Procedures.
  • Established Board Committees (Audit, Nomination, and Remuneration).

Climate Goals & Targets

Short-term Goals:
  • Continue confinement network expansions in Malaysia.

Environmental Challenges

  • Competition with new entrants or smaller industry players.
  • Potential expansion of existing healthcare providers.
  • Intensified competition with existing market players.
  • Non-compliance to regulatory requirements.
  • Safety, health, and environmental risks.
  • Inability to meet desired levels of service.
Mitigation Strategies
  • Expansion of business model through strategic alliances.
  • Advertising and promotion with bundles and packages.
  • Cross-selling between healthcare services.
  • Participation in baby fairs and expos.
  • Review of strategy and planning to meet affordability of different markets.
  • Maintaining good customer relationships.
  • Upholding superior quality.
  • Service differentiation by increasing value-added services.
  • Establishing SOPs.
  • Conducting trainings.
  • Continuous engagement with regulatory authorities.
  • Appointing confinement specialists and experienced registered nurses.
  • Ongoing SOP trainings to employees.
  • On-the-job training and supervision.
  • Strict Quality Control.
  • Rectifying breaches.
  • Appealing and explaining to authorities.
  • Conducting weekly Sales and Operations meetings.
  • Annual review of staff competencies and skills adequacy.
  • Formalising service level agreements with service providers.
  • Regular internal audit reviews performed by Internal Auditors.
  • Continuously updating on regulatory changes through training, seminars, and conferences.
  • Proper food receiving, storing, cooking, preparing, and serving.
  • Strict security control.
  • Disciplinary action.
  • Various insurance policies.
  • Fire fighting equipment.
  • Market intelligence.
  • Studying customer behavior and demands.

Supply Chain Management

Responsible Procurement
  • Product quality
  • Fair payment terms
  • Reasonable price
  • Business continuity

Climate-Related Risks & Opportunities

Awards & Recognition

  • Best Confinement Centre in Malaysia