Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic
• Environmental
• Social

Environmental Achievements

• Reduced energy consumption by 15.25% in FY2020 compared to FY2019 (kWh/Tonne production)
• Reduced water usage by 15% in FY2020 compared to FY2019 (47,437m³ vs 55,779m³)
• Implemented rainwater harvesting systems in Pantech Galvanising Sdn. Bhd. and Pantech Stainless & Alloy Industries Sdn. Bhd.

Social Achievements

• Numerous employee training sessions focusing on health, safety, and environment awareness (HSE) and personal protective equipment (PPE)
• Organized training sessions covering technical and soft/leadership skills
• Conducted Eco-Awareness for the Environment program and Organic Waste Composting Project for employees
• Contributed 100 non-woven bags for a medical outreach to the Orang Asli community
• Donated three wheelchairs to the National Stroke Association of Malaysia (NASAM)
• Extended monetary contribution to the Johor Cerebral Palsy Association
• Provided subsidies for children of employees through the Pantech Back to School Programme

Governance Achievements

• Established a Sustainability Management Committee (SMC) in FY2020
• Implemented a Whistle Blowing policy for staff to report misconduct
• No reported incidents of misconduct

Climate Goals & Targets

Environmental Challenges

• Increase in safety incidents from 21 to 34 over the year
• Subsequent increase in Lost Time Injury Frequency Rate (LTIFR)
• Minor acid leakage at PSA due to a crack in the effluent pool

Mitigation Strategies

• Continuous review and update of safety procedures
• HSE and PPE training to increase proficiency in identifying and communicating potential hazards
• Repair of the crack in the effluent pool at PSA and installation of a stainless-steel tank coated with FRP to prevent future leaks

Supply Chain Management

Responsible Procurement

• Suppliers selected based on quality of goods, not just pricing
• ISO certifications used as guidance for supplier selection
• Quality control (QC) checks performed upon receiving goods

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards, Bursa Malaysia’s Listing Requirements

Certifications: ISO 14001:2015, OHSAS 18001:2007, MS 1722:PART 1:2011, ISO 9001:2015, ASTM A 312/A 312M & A 403/A403M

Environmental Metrics

ESG Focus Areas

• Sustainable Business Growth
• Environmental Protection
• Workplace Management

Environmental Achievements

• Reduced total electricity consumption by 2.58%
• Reduced water usage by 8% due to increased utilization of rainwater harvesting system and reduced manufacturing output
• No incidences of acid leakages during the financial year
• Responsible management and disposal of manufacturing by-products

Social Achievements

• Employees participated in health, safety, and environment (HSE) awareness and personal protective equipment (PPE) trainings
• Numerous trainings conducted on topics such as anti-bribery and corruption policy, information technology (IT) and risk management
• Reduction in safety incidents from 34 in FY2020 to 28 in FY2021; no fatal injuries.
• Donation of medical equipment to the National Stroke Association of Malaysia (NASAM) and support for Persatuan Cerebral Palsy Johor (CPJ)

Governance Achievements

• Adoption of a zero-tolerance approach against all forms of bribery and corruption
• Implementation of Anti-Corruption & Bribery policy and Code of Ethics
• Whistle-blowing policy in place; no incidents reported

Climate Goals & Targets

Environmental Challenges

• Reduction in total machine utilization rate by 8.90% did not match the decrease in electricity consumption, resulting in an increase in electricity usage (kWh/tonne production) of 6.80%
• COVID-19 pandemic impacted community support activities

Mitigation Strategies

• Introduced a daily monitoring system for electricity usage to identify and address surges
• Implemented COVID-19 Mitigation Procedures to control the spread of the virus and minimize health risks to employees
• Continued support for community organizations through donations despite pandemic restrictions

Supply Chain Management

Responsible Procurement

• Thorough vetting and review process for vendor selection, scrutinizing quality of materials, reliability, lead time, cost, and ISO certifications
• Open communication channel with suppliers
• Quality Control (QC) checks to verify quality of goods

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Bursa Malaysia Securities Berhad’s Main Market Listing Requirements on Sustainability Statement in Annual Reports, Bursa Malaysia’s Sustainability Reporting Guide and Sustainability Toolkits, UN SDGs

Certifications: ISO 14001:2015, ISO 45001:2018, ISO 9001:2015, EC Certificate of Quality System Approval, ASTM A 312/A 312M & A 403/A 403M, NSF/ANSI/CAN 61, CIDB Johor

Environmental Metrics

ESG Focus Areas

• Sustainable Business Growth
• Environmental Protection
• Workplace Management
• Supply Chain Management
• Climate Change Strategy and Initiatives
• Water Usage
• Waste and Effluent Management
• Materials Management
• Environmental Compliance
• Human Capital Management
• Human Rights
• Diversity and Equal Opportunity
• Occupational Safety and Health
• Contribution to Local Communities & Society
• Social Compliance
• Anti-Bribery and Corruption
• Corporate Governance
• Data Privacy and Security

Environmental Achievements

• Installed 1,469.32 kWp solar PV system in PSI, energised in January 2023; 2,800.24 kWp solar PV system installation underway in PSA, projected to offset 2,773 tCO2e annually.
• Replaced 6 aging diesel forklifts with EV ones.
• Reduced Scope 2 emissions compared to the previous year due to the fully commissioned solar PV system installed in PSI (1,277.79 tCO2e avoided).

Social Achievements

• Conducted 911 health and safety training sessions totaling 3,454 hours.
• Maintained zero fatalities in our premises.
• Contributed RM107,000 in financial and non-financial assistance to various organizations.

Governance Achievements

• Completed a voluntary corruption risk assessment for all Manufacturing and Trading entities.
• All employees completed at least one anti-bribery and corruption training session.
• Recorded zero incidents of corruption.

Climate Goals & Targets

Environmental Challenges

• Lacklustre economic performance.
• Supply chain disruptions due to unethical practices by suppliers.
• Workplace incidences due to inadequate material handling techniques.
• Increase in compounds from the Department of Environment (DOE) despite rectification efforts.
• Incomplete data for harvested rainwater usage due to faulty meters.

Mitigation Strategies

• Executing business strategy, including prudent resource management and exploring new opportunities.
• Implementing robust safety and health measures, including training and corrective actions.
• Rectifying irregularities in SW storage and disposal procedures, scrubber maintenance, and pH meter.
• Implementing responsible sourcing practices and strong supplier relationships.
• Scheduling more checks on the rainwater harvesting system meters.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Prioritising local sourcing for administrative and operating expenses.
• Fostering partnerships with local SMEs.
• Communicating sustainability expectations to suppliers.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Bursa Malaysia’s Listing Requirements, Bursa Malaysia’s Sustainability Reporting Guide, Bursa Malaysia’s Illustrative Sustainability Report

Certifications: ISO 45001:2018

Third-party Assurance: Grant Thornton Malaysia PLT

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed