Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic
• Environmental
• Social
• Governance

Environmental Achievements

• Received a “Bronze” metal in EcoVadis Sustainability Rating, placing it among the top 35 percent of all companies rated by EcoVadis.
• Implemented initiatives to address environmental, social, and ethical aspects of its business.
• Implemented 6S workplace organisation method to achieve enhanced working environment and productivity.
• Used biodegradable polybags for packaging.
• Minimised energy consumption through mindful usage of energy and resources. Energy consumption in 2023: 9,378.8 Megawatt.
• Reduced water consumption. Water consumption in 2023: 43.6 Megalitres.

Social Achievements

• No major work incidents or monetary sanctions related to occupational safety and health.
• Zero substantiated complaints concerning human rights violations.
• Implemented standard recruitment procedure.
• Provided opportunities for high-potential employees to develop and progress to senior positions.
• Organised various activities for employees (festival celebrations, health screenings, training programs).
• Implemented a whistleblowing policy.
• Contributed RM25,104 to the community, benefiting 23 individuals/groups.

Governance Achievements

• Established a Sustainability Working Group (SWG) to identify material sustainability matters and oversee implementation.
• Implemented essential policies and procedures, such as the Code of Ethics and Conduct, Whistleblowing Policy, and Anti-Bribery and Corruption Policy.
• Zero incidents of corruption, customer data breaches, or regulatory non-compliance.
• All employees underwent briefing sessions and signed declaration forms on anti-corruption.

Climate Goals & Targets

Environmental Challenges

• Reduced demand from plastic formwork, hygiene and pest control products, and decreased sales within the machining division.
• High interest rates, elevated inflation, slowing global trade, and geopolitical tensions.
• Low average selling price of gloves.
• Fluctuation in key raw material prices and labour costs.
• Adverse developments in political, economic, and regulatory conditions locally and overseas.
• Foreign exchange risks (fluctuation of United States Dollar).

Mitigation Strategies

• Continuously monitoring prices of key raw materials, establishing long-term business relationships with suppliers, expanding the pool of suppliers, and improving operational efficiency.
• Further improving productivity and cost structure.
• Maintaining minimum operation overheads on glove manufacturing activities in Malaysia.
• Focusing on ongoing EPCC contract project in the USA.
• Maintaining a diverse and wide customer base locally and overseas, adopting prudent management and efficient operating procedures.
• Keeping abreast with the latest developments in political, economic, and regulatory matters.
• Foreign currency sales and purchases in the same currency provide natural hedge against fluctuations in foreign currency exchange rates; maintaining part of cash and bank balances in foreign currency accounts.

Supply Chain Management

Responsible Procurement

• Responsible procurement practices
• Sourcing raw materials from approved vendors complying with CSR principles
• Supplier Declaration Form

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Bursa Malaysia Sustainability Reporting Guide

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, IATF 16949:2016, ISO 13485:2016

Third-party Assurance: Internal audit

Awards & Recognition

• Bronze metal in EcoVadis Sustainability Rating