Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic
• Environmental
• Social
• Governance

Environmental Achievements

• Reduced GHG emissions (Scope 1) to 66,490.6 tonnes of carbon dioxide equivalent (tCO2e) in FY2023.
• Converted some trucks to run on natural gas.
• Rooftop solar photovoltaic (PV) system at Shah Alam warehousing facilities with a rated capacity of 2,163 kWp.
• New Mercedes-Benz warehouse will be Green Building Index certified and incorporate energy-efficient LED lighting.

Social Achievements

• Provided internship training programs for 60 students and recent graduates.
• Established collaboration with Saito University College for scholarships and talent nurturing.
• Comprehensive medical, health care, and general insurance coverage for employees.
• Security measures implemented to reduce cargo hijacking and theft.

Governance Achievements

• Established a Sustainability Policy addressing ESG factors.
• Formalized a Whistle-blower Policy.
• Established a Directors’ Code of Ethics.
• Established a Code of Conduct and Ethics for employees.

Climate Goals & Targets

Environmental Challenges

• Uncertain international economic outlook in 2023 amid looming recession, inflation, and geopolitical tensions.
• Supply chain constraints and strong inflationary pressures.

Mitigation Strategies

• Prudent cost controls and efficient working capital management.
• Focus on expanding warehousing capacity and developing a high-tech logistics industrial park.
• Capital expenditure of RM366.1 million invested in property, plant and equipment and investment property.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Frost & Sullivan Malaysia Excellence Awards (various years)
• Best Warehouse Service Provider (2017 & 2018)

Environmental Metrics

ESG Focus Areas

• Financial Performance
• Customer Satisfaction
• Fuel Consumption
• Energy Management
• Water Management
• Waste Management
• Workplace Health and Safety
• Workplace equality and Diversity
• Employee Development
• Community Development
• Ethics
• Risk Management

Environmental Achievements

• Completed and commenced leasing of a 1.1 million sq. ft. GBi-certified mega-warehouse in Senai Airport City, Johor, to Mercedes-Benz Parts Logistics Asia Pacific.
• Converted some trucks to run on natural gas, reducing carbon footprint.
• Rooftop solar PV system at Shah Alam warehousing facilities.

Social Achievements

• Maintained zero work-related fatalities in FY2024.
• Delivered comprehensive safety training for 694 employees.
• Invested RM210,809 in community investment in FY2024.
• Offered internship training programs to 129 students and recent graduates.

Governance Achievements

• 100% of management employees received anti-corruption training (average 6.5 hours).
• Zero reported incidents of corruption.

Climate Goals & Targets

Environmental Challenges

• Escalating cost of services, including crude oil price fluctuation.
• Warehouses and assets management risks (fire, natural disasters, civil unrest).
• Loss of key personnel.
• Credit risk.
• Liquidity risks.

Mitigation Strategies

• Business plans model across a broad range of market and economic scenarios.
• Periodic review of fire insurance coverage, safety trainings, and audits.
• Continuous business strategies identifying key personnel, retention plans, and development of integrated operating systems.
• Credit control policy, monitoring and follow-up payments with customers.
• Reducing overheads to improve operational efficiency and meet ongoing operating cash requirements.

Supply Chain Management

Supplier Audits: 97% of suppliers were local

Responsible Procurement

• Prioritizes partnerships with suppliers who uphold ethical values.

Climate-Related Risks & Opportunities

Physical Risks

• Fire
• Natural disasters (flood)
• Civil unrest

Transition Risks

• Escalating cost of services
• Crude oil price fluctuation

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: GBI

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• CICM Safe Road Award 2022