Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Corporate Governance
• Occupational Health and Safety
• Environmental Management
• Community Engagement

Environmental Achievements

• Installed transparent roof cladding at Senawang manufacturing facility to utilize natural lighting, reducing electricity consumption.
• Installed solar power.
• Implemented a timer system for lights outside the factory.

Social Achievements

• Sponsored 62 local employees for job-related training programs.
• Sponsored 11 employees for specialized health and safety training.
• Raised funds to help equip front-liners in the fight against COVID-19.

Governance Achievements

• Adopted the Group’s Anti-Bribery and Corruption Policy.
• Adopted a Whistleblower Policy.
• Established a robust governance structure with the Risk Management Committee managing sustainability.

Climate Goals & Targets

Environmental Challenges

• Covid-19 pandemic causing disruptions to operations in Malaysia, Australia, and Denmark.
• Russia-Ukraine war affecting global supply chains, steel prices, global shipping, and the worldwide chip shortage.

Mitigation Strategies

• Rolled out vaccinations for workforce under the PIKAS program.
• Anticipated and prepared for Malaysia’s Omicron wave.
• Taking steps to mitigate the impact of supply chain disruptions.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G4 Guidelines

Certifications: ISO 9001:2015, API Specification Q1, API Specification 2C

UN Sustainable Development Goals

• Goal 3
• Goal 5
• Goal 6
• Goal 7
• Goal 8
• Goal 12
• Goal 13
• Goal 16

The Group’s sustainable strategy supports the UN SDGs through its diversified business and operations.

Environmental Metrics

ESG Focus Areas

• Sustainability
• Corporate Governance
• Health and Safety
• Environmental Management
• Community Engagement

Environmental Achievements

• Installed transparent roof cladding at Senawang facility to utilize natural lighting, reducing electricity consumption.
• Installed solar power.
• Implemented a timer system for outdoor factory lights.
• Monitors emissions from painting activities using a water curtain paint booth and conducts stack monitoring three times a year.
• Complies with waste handling, storage, and disposal regulations, using licensed contractors.

Social Achievements

• Sponsored 214 local employees for job-related training programs in FY2023.
• Sponsored 11 employees for specialized health and safety training.
• Organized a blood donation drive.
• Provided free safety training and crane familiarization to DOSH.
• Contributed to funds raised for stem cell research for stroke recovery.

Governance Achievements

• Adopted a robust governance structure with the Risk Management Committee overseeing sustainability.
• Established a Code of Conduct, Whistleblower Policy, and Anti-Bribery and Corruption Policy.
• Consistently reviewed and enhanced Board evaluation criteria.
• Adopted a Directors’ Fit and Proper Policy.
• Maintained a transparent relationship with internal and external auditors.

Climate Goals & Targets

Environmental Challenges

• Continued work-from-home phenomenon impacting demand for tower cranes in the commercial real estate sector.
• Potential rise in costs in Malaysia due to government policy changes.

Mitigation Strategies

• Seeking opportunities for heavy lift cranes in other construction sectors and countries.
• Implementing continued productivity improvement measures.

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities

• Growing appreciation for environmental awareness and continued demand for environmental solutions like carbon capture technologies and renewable diesel in our cranes.

Reporting Standards

Frameworks Used: GRI G4 Guidelines

Certifications: ISO 9001:2015, API Specification Q1, API Specification 2C

UN Sustainable Development Goals

• 3
• 5
• 6
• 7
• 8
• 12
• 13
• 16

The Group's sustainable strategy, focusing on Marketplace, Workforce, Environment, and Community, supports these UN SDGs through various initiatives.