Climate Change Data

SKB Shutters Corporation Berhad

Climate Impact & Sustainability Data (2022-07 to 2023-06, 2023-07 to 2024-06)

Reporting Period: 2022-07 to 2023-06

Environmental Metrics

Total Energy Consumption:488 MWh/year (solar)

ESG Focus Areas

  • Climate Change
  • Social Innovation
  • Governance
  • Employee Well-being
  • Product Safety
  • Community Development

Environmental Achievements

  • Generated 488 MWh of solar energy from November 2022 to June 2023.
  • Implemented rainwater storage and maximized natural light penetration in the Kota Damansara plant to reduce energy consumption.
  • Implemented a Leave-No-Trash-Behind initiative to encourage waste reduction and recycling.

Social Achievements

  • Launched the Powerless Flood Shutter (PFS), a product designed to prevent loss of life and property during floods. The PFS won the Star Product Award in Archidex 2023.
  • Provided 500 hours of employee training in first aid, safety, forklift operation, and HIRARC.
  • Participated in community development projects, sponsoring products for community halls and schools.

Governance Achievements

  • Implemented a group-wide Anti-Bribery and Corruption Policy.
  • Established a Remuneration Committee.
  • Regularly participates in regional fire & safety research and conferences.

Climate Goals & Targets

Environmental Challenges

  • Market competition.
  • Rising manufacturing and financing costs due to global inflation.
  • Skilled and unskilled labor shortages.
  • Weaker demand for products due to economic slowdown.
Mitigation Strategies
  • Continuous customer engagement and value addition.
  • Expanding customer base and export market.
  • Improving manufacturing efficiency and procurement strategies.
  • Monitoring input cost fluctuations and exercising financial prudence.
  • Hiring and training local workers, collaborating with technical schools.
  • Offering comprehensive industry solutions through automation and partnerships.

Supply Chain Management

Responsible Procurement
  • Supplier selection via pre-qualification
  • Regular meetings and correspondence

Climate-Related Risks & Opportunities

Physical Risks
  • Floods

Sustainable Products & Innovation

  • Powerless Flood Shutter (PFS)

Awards & Recognition

  • Star Product Award in Archidex 2023
  • BrandLaureate Sustainable Business & Brands Inspirational Achievement Awards 2022-2023

Reporting Period: 2023-07 to 2024-06

Environmental Metrics

Total Carbon Emissions:1756.2 tCO2e/year (Scope 1: 1124.2, Scope 2: 532.2, Scope 3: 92.7)
Scope 1 Emissions:1124.2 tCO2e/year
Scope 2 Emissions:532.2 tCO2e/year
Scope 3 Emissions:92.7 tCO2e/year
Renewable Energy Share:51.7% (from solar)
Total Energy Consumption:22,912 GJ/year
Water Consumption:21.42 megalitres/year
Waste Generated:199.3 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Product innovation and development
  • Environmental impact
  • Employee well-being and diversity
  • Community development
  • Governance

Environmental Achievements

  • Saved 829.8 MWh of electricity through solar-generated power, resulting in an estimated reduction of 629 tonnes of CO2e.
  • Upgraded machinery with inverter motors, reducing energy consumption.
  • Recycled 19.2% of total waste (199.3 tonnes).

Social Achievements

  • Provided 463.5 hours of training across various areas (anti-corruption, career development, environmental, health & safety, operational, human rights).
  • Conducted quarterly team-building activities and health screenings for employees.
  • Participated in the Eco-Schools programme, educating 1,024 students on environmental stewardship.

Governance Achievements

  • Implemented a company-wide Anti-Bribery and Corruption Policy.
  • Maintained a Code of Conduct and Ethics and Whistle-blowing Policy.
  • 100% of senior management, management, and executive employees received anti-corruption training.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Market competition
  • Rising manufacturing and financing costs (labour costs, financing costs, currency volatility)
  • Raw material price volatility and manufacturing overheads
Mitigation Strategies
  • Effective customer engagement, expanding customer base (including export market)
  • Improving manufacturing efficiency and procurement strategies
  • Continuous monitoring of input costs and prudent financial management
  • Providing comprehensive industry solutions through automation and partnerships
  • Recruiting and training local workers to reduce reliance on foreign skilled workers.

Supply Chain Management

Supplier Audits: 77% of procurement expenditure directed towards local suppliers

Responsible Procurement
  • Prioritising sustainability and integrity in procurement processes; regular review and assessment of supply chain.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events (hurricanes, typhoons, floods)
Transition Risks
  • Not disclosed
Opportunities
  • Development of energy-efficient products (Powerless Auto-Close Flood Shutter)

Reporting Standards

Frameworks Used: Bursa Malaysia’s Sustainability Reporting Guide (3rd Edition)

Certifications: ISO 9001:2015 (key subsidiaries)

Third-party Assurance: Internal review by Heads of Department and Board

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Powerless Auto-Close Flood Shutter
  • Roller shutters tested to withstand Category 5 hurricane wind speeds

Awards & Recognition

  • Archidex Star Award 2023
  • The Brandlaureate Sustainable Business and Inspirational Brands Achievement Awards 2022-2023