Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Increased competition from the use of electric vehicles.
• Risks arising from the PRC government’s downstream price control regime for natural gas.
• Risks relating to our business with PetroChina: (i) PetroChina is currently our sole natural gas supplier and any instability in, shortages of supply of natural gas to us from PetroChina could significantly and adversely affect our business; and (ii) we cannot assure you that our take-or-pay obligation under the Master Supply Agreement with PetroChina will not be enforced.

Mitigation Strategies

• Entered into the Master Supply Agreement for a 25-year term with PetroChina on 10 January 2015.
• Implemented various policies, such as production line inspection system, tanker truck safety management system and accident handling system, to prevent the recurrence of gas leakage.
• Strengthened our monitoring of the moisture content level of CNG to ensure that it is up to the national standard.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental protection
• Employee safety and well-being
• Supply chain management
• Anti-corruption
• Community investment

Environmental Achievements

• Implemented procedures in gas refuelling stations to ensure compliance with environmental laws and regulations.
• Installed re-circulation water cooling system, implemented greening in operation premises, installed sound reduction measures, engaged solid waste collectors, and minimized residual gas release.

Social Achievements

• Provided on-the-job training, rotation training, and other training formats to improve employee skills and knowledge.
• Implemented a comprehensive health and safety system including precautionary measures, emergency response, equipment maintenance, and safety training.
• Complied with PRC laws and regulations regarding prevention of child labor or forced labor.

Governance Achievements

• Established an ESG framework with a governance structure composed of the Board, ESG working group, functional departments, and subordinate companies.
• Adopted a Board Diversity Policy and Director Nomination Policy.
• Complied with the Required Standard of Dealings for securities transactions by Directors and Employees Written Guidelines.

Climate Goals & Targets

Environmental Challenges

• High procurement cost of natural gas that cannot be fully passed on to customers due to pricing guidelines.
• Lower profit margin for the sales of LNG.
• Uncertainty on delivery of Malaysia Properties due to winding-up petition against the project developer.
• Demolition of a gas refuelling substation in 2021 requiring relocation.

Mitigation Strategies

• Actively exploring new business opportunities to diversify income sources.
• Implemented various emergency response mechanisms and purchased insurance against natural disasters.
• Recognised impairment loss on advance payments for non-current assets.
• Actively looking for relocation opportunities for the demolished gas refuelling substation.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Priority given to suppliers with environmental protection certifications.

Climate-Related Risks & Opportunities

Physical Risks

• Rising mean temperature
• Extreme weather events

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Appendix C2 to the GEM Listing Rules

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed