Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic
• Environmental
• Social
• Governance

Environmental Achievements

• Collected 26,997 plastic bottles, recycled into polyester for corporate uniforms.
• Cleaned up Balok Beach in Kuantan, Pahang, removing 368 kg of refuse.
• Implemented rainwater harvesting systems, reducing potable water consumption by over 50% in some projects.
• Reduced potable water consumption for landscape irrigation by almost 50% by using native plants.

Social Achievements

• Launched OSK’s HR Fun Club to improve employee engagement and teamwork.
• Held 84 training sessions on core values, including diversity and inclusion modules.
• Maintained a low employee turnover rate of 4.25% compared to the market average of 14%.
• Organized a cancer awareness week in collaboration with the National Cancer Society Malaysia.

Governance Achievements

• Conducted a materiality assessment to identify and prioritize key sustainability issues.
• Updated and formalized its Sustainability Policy.
• Established OSK Foundation, allocating up to 0.5% of the Group’s net profit to philanthropic activities.

Climate Goals & Targets

Environmental Challenges

• Recruiting and retaining skilled local staff.
• Managing carbon footprint and improving disclosure in this area.
• Improving water monitoring and conservation.
• Addressing waste management more efficiently.

Mitigation Strategies

• Prioritizing local hiring before looking nationally and internationally.
• Exploring mechanisms to track and manage carbon emissions more efficiently.
• Targeting water monitoring and conservation as future areas for improvement.
• Planning to adopt the 3R (Reduce, Reuse, Recycle) principles across the Group.

Supply Chain Management

Responsible Procurement

• Promoting local suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI - G4 Sustainability Reporting Framework, Bursa Malaysia Sustainability Reporting Framework, ISO 26000:2010 Guidance on Social Responsibility, ACCA Malaysia Sustainable Reporting Guidelines for Malaysian Companies

Sustainable Products & Innovation

• Recycled polyester uniforms

Awards & Recognition

• The BrandLaureate SMEs Signature Award 2015 (SGIVC)

Environmental Metrics

ESG Focus Areas

• Economic
• Environment
• Social
• Governance
• Community

Environmental Achievements

• Initiated Green Jeans Project, collecting old denim for recycling.
• Implemented 3R practices (reduce, reuse, recycle) across properties.
• Used eco-construction materials and methods in various projects.
• Atria used LED lights and sensor-based escalators for energy efficiency.
• Green property projects incorporated rainwater harvesting systems.

Social Achievements

• Achieved 78.3% employee satisfaction score (vs. 59% Asian average).
• Average training satisfaction score of 85%.
• Implemented Employee Diversity and Inclusion Strategy.
• Organized REACT Programme for female employees.
• Conducted various employee engagement activities (annual dinner, movie nights, etc.).

Governance Achievements

• Listed in Top 100 companies with best Corporate Governance practices.
• Formulated internal fraud and Personal Data Protection policies.
• Enhanced whistleblowing and IT policies.
• Introduced Incident Management Policy.

Climate Goals & Targets

Environmental Challenges

• Raising awareness and gaining support for sustainability initiatives.
• Overcoming internal and external resistance to sustainability measures.
• Addressing the perception that sustainability is solely an environmental issue.

Mitigation Strategies

• Consistent education and engagement with internal and external stakeholders.
• Highlighting the long-term benefits of sustainability practices.
• Integrating sustainability into business decisions and operations.

Supply Chain Management

Responsible Procurement

• Promoting the use of local suppliers.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G4, Bursa Malaysia Sustainability Reporting Framework, ISO 26000:2010, ACCA Malaysia Sustainable Reporting Guidelines

Awards & Recognition

• Tan Sri Ong Leong Huat awarded WCES Lifetime Achievement Award.
• OSK received Certificate of Merit at NACRA 2017.
• Atria received Best Experiential Marketing Award 2017.
• SGI's Damai Laut Golf & Country Club won 2 ParGolf People's Choice Awards.
• OSKP secured Top Property Developers Award.

Environmental Metrics

ESG Focus Areas

• Governance
• Economic
• Environmental
• Social
• Community

Environmental Achievements

• Ryan & Miho project awarded GBI Gold certification
• Recycling Campaign 2.0 collected 2,862 kg of recyclables (June-December 2019)
• 50% reduction in water consumption for landscape irrigation via native plants
• Olympic Cable introduced a ‘Continuous Vulcanisation’ line machine reducing oil waste

Social Achievements

• Average training satisfaction score of 84%
• Overall employee satisfaction score of 75%
• Implemented precautionary measures against Novel Coronavirus (Covid-19) across all premises
• OSK Foundation supported 39 organisations/beneficiaries in 2019
• QLASSIC scores achieved by OSK Property projects (76%-80%)

Governance Achievements

• Rolled out Anti-Bribery and Anti-Corruption Handbook, revised Fraud Policy, and e-acknowledgement for policies
• Conducted risk awareness training, Business Continuity awareness, and cyber security training
• Listed on the ASEAN CG 2018 List of Top 100 Companies for CG Disclosure (ranked 41st) and Overall CG & Performance (ranked 66th)

Climate Goals & Targets

Environmental Challenges

• Covid-19 pandemic and its impact on operations

Mitigation Strategies

• Proactive risk mitigation measures implemented since late-January 2020
• Adherence to Movement Control Order (MCO)
• Precautionary actions across premises to safeguard health and well-being
• OSK Foundation contribution to The Edge Covid-19 Equipment Fund

Supply Chain Management

Supplier Audits: Annual assessments on suppliers’ performance

Responsible Procurement

• Sustainable procurement practices

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards, Bursa Malaysia Securities Berhad Main Market Listing Requirement, Bursa Malaysia's Sustainability Reporting Guide

Sustainable Products & Innovation

• Acotec Industrialised Building System (IBS) pre-cast building components
• Olympic Cable’s ‘Continuous Vulcanisation’ line machine

Awards & Recognition

• National Annual Corporate Report Awards (NACRA 2019) – Certificate of Merit
• HR Asia – Best Companies to Work for in Asia 2019
• StarProperty Awards 2020
• The Edge Property Excellence Awards
• Sin Chew Business Excellence Awards 2019
• Agoda’s 2019 Gold Circle Awards
• Asia-Pacific Tourism & Travel (APTTF) Awards
• Hotel of the Year Awards
• Top 100 Luxury Resorts Worldwide 2019
• Experts’ Choice Award 2019 by tripexpert.com (Booking.com)
• BabyTalk and MamaPapa Readers’ Choice Awards 2019

Environmental Metrics

ESG Focus Areas

• Governance
• Economic
• Environmental
• Social
• Community

Environmental Achievements

• Launched the 22-acre public park in Iringan Bayu, Negeri Sembilan, promoting biodiversity and environmental conservation (More than 200,000 wetland plants, 972 trees of 60 different species, attracted more than eight bird species and 11 local fishes)
• Achieved QLASSIC Quality Scores of 75% for Iringan Bayu Phase 2C and 77% for Phase 2D.
• Ryan & Miho achieved provisional GBI Gold certification

Social Achievements

• Achieved an overall employees’ satisfaction score of 78.2% in 2020 (75% in 2019), based on the annual Employees Engagement Survey with an employee participation rate of 87.2%
• Year-on-year Increase in Training Hours Per Employee: Total training hours per employee increased to 15 hours in FY2020 from 8 hours in the previous year.
• Atria was listed in the World Alzheimer Report 2020 as an Alzheimer’s-friendly mall.
• Won Seven Awards in StarProperty Awards 2020

Governance Achievements

• Listed on MSWG’s List of Top 100 Companies for CG Disclosure for the 6th consecutive year (60th place in 2019).
• Listed on MSWG’s List of Top 100 Companies for Overall CG and Performance for the 4th consecutive year (70th place in 2019).

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting various business segments (Construction and Hospitality recorded losses)

Mitigation Strategies

• Comprehensive risk-based approach in safeguarding the safety and health of all employees
• Business continuity plan
• Adoption of technology and digitalization
• Cost minimization strategies
• Expanded sales channels to virtual platforms

Supply Chain Management

Supplier Audits: Ongoing

Responsible Procurement

• Procurement Operations Manual (rolled out in May 2020)
• Third-party ABAC Declaration Form

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards, Bursa Malaysia Securities Berhad Main Market Listing Requirement, Bursa Malaysia’s Sustainability Reporting Guide

Sustainable Products & Innovation

• Green buildings (Ryan & Miho, Melbourne Square)

Awards & Recognition

• Seven awards in StarProperty Awards 2020
• Top Property Developers Awards 2020 (Ranked 12th)
• Various awards for Swiss-Garden International hotels and SGI Vacation Club

Environmental Metrics

ESG Focus Areas

• Economic
• Environmental
• Social
• Governance

Environmental Achievements

• Installed rooftop solar photovoltaic (PV) system at two new sites, with a combined capacity of 1,058.4 kWp. Total installed rooftop solar capacity reached 1,892.4 kWp, generating 1,218MWh of clean energy and avoiding 1,837.6 metric tonnes CO2e emissions.
• Achieved three sustainable building certifications.

Social Achievements

• OSK Foundation supported 27 students through scholarships.
• Invested RM2.1 million in community initiatives, benefiting 10,846 individuals.
• Maintained a 0% workplace fatality rate.

Governance Achievements

• Established a Board Sustainability Committee.
• Revised Sustainability Policy.
• Reported zero cases of bribery or corruption.

Climate Goals & Targets

Environmental Challenges

• Climate change
• Management of natural resources
• Human rights
• Good health
• Sustainable communities

Mitigation Strategies

• Commitment to net-zero emissions for Scope 1 and 2 by 2050.
• Strategic decarbonisation through renewable energy adoption.
• Continuous improvement in energy efficiency.
• Responsible waste management.
• Diversification of suppliers.

Supply Chain Management

Supplier Audits: Ongoing

Responsible Procurement

• Prioritising local suppliers (99.75% in Property Development)

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: Bursa Malaysia Main Market Listing Requirements, Bursa Malaysia Sustainability Reporting Guide (3rd Edition), Bursa Malaysia Enhanced Sustainability Reporting Framework, United Nations Sustainable Development Goals, Malaysian Code of Corporate Governance (2021), Global Reporting Initiative (GRI) Standards, International Integrated Reporting Framework (IIRF)

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, Green Label (Singapore)

Third-party Assurance: Internal Audit

UN Sustainable Development Goals

• SDG 4 (Quality Education)
• SDG 8 (Decent Work and Economic Growth)
• SDG 9 (Industry, Innovation, and Infrastructure)
• SDG 11 (Sustainable Cities and Communities)
• SDG 13 (Climate Action)

The report details how various initiatives contribute to these goals.

Sustainable Products & Innovation

• AcoLite wall panels
• Energy-efficient cable systems

Awards & Recognition

• Company of the Year Award (Conglomerate) at Sustainability and CSR Malaysia Awards 2023
• Bronze Award at The Edge Malaysia Best Managed and Sustainable Property Awards 2023
• Other awards listed in the report