GCCP Resources Limited
Climate Impact & Sustainability Data (2018)
Reporting Period: 2018
Environmental Metrics
ESG Focus Areas
- Economic Performance
- Customer satisfaction
- Quality assurance
- Occupational, safety and health
- Training and education
- Legal compliance
- Environmental compliance
Environmental Achievements
- Successfully renewed Quarry Approval Letters (SKP) for GLD Mine and Hyper Act Quarry 1 and obtained SKP for Hyper Act Quarry 2.
- Upgraded the water pump system of the crusher plant at Hyper Act Marketing Quarries to increase water pressure, resulting in lower impurity levels in crushed limestone and reduced customer complaints.
- Zero incidents of non-compliance with environmental laws and regulations.
Social Achievements
- Conducted trainings: Basic Occupational, First Aid and CPR Training, Professional First Aid, CPR and AED Training, and Outdoor Team Building for Managers.
- Achieved zero work-related injuries and fatalities.
Governance Achievements
- Complied with the principles and guidelines of the Code of Corporate Governance 2012 and the SGX-ST disclosure guide.
- No whistleblowing reports received.
- Weaknesses in internal controls identified and rectified.
Climate Goals & Targets
Medium-term Goals:
- Increase employee training hours to an average of 48 hours and above in FY2019.
Short-term Goals:
- Lower employee turnover rate by 10% compared to FY2019 rate.
Environmental Challenges
- 22% increase in employee turnover rate (from 2% to 28%) due to unhappiness with work reassignments.
- Drop in revenue (MYR1.9 million) due to lower sales of ground calcium carbonate (GCC) crushed stones from export market decline.
Mitigation Strategies
- Reviewing remuneration packages and perks yearly; placing suggestion boxes in offices to solicit employee feedback.
- Improving extraction methods at Hyper Act Quarries to maximize feed to the crusher in preparation for increased demand.
- Identifying more extraction points to locate calcium carbonate deposits meeting various quality standards.
Supply Chain Management
Responsible Procurement
- Regular reviews and discussions with suppliers to ensure a smooth and robust procurement system.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI G4