Environmental, Social and Governance (ESG)
Environmental, Social and Governance (ESG) Criteria is a set of standards for a company’s operations that socially conscious investors use to screen potential investments. Environmental criteria look at how a company performs as a steward of the natural environment. Social criteria examine how a company manages relationships with its employees, suppliers, customers and the communities where it operates. Governance deals with a company’s leadership, executive pay, audits, internal controls and shareholder rights.
Global production and consumption have a major impact on our environment. When producing and consuming everything from cars to food, we contribute to climate change, resource depletion, waste, pollution, deforestation, and biodiversity, to name a few examples.
The Group continues to monitor the discharge and disposal of waste generated from the production processes. Waste is separated into hazardous and non-hazardous, packed and stored away in a room and collected by a licensed agent under the Environment Quality Act 1974. The Group has also contracted with agents to collect for recycling waste paper and used plated it generates from the production.
Apart from the printing business, the company has diversified its business practices to venture into sustainable business. The Green Technology Park is put forward as a zero-waste sustainable industrial zone, focusing on the production of non-wood paper from oil palm empty fruit bunches (EFB) by using renewable energy.
The Green Technology Park contributes to various environmental benefits:
– Reduce deforestation
– Reduce greenhouse gas emissions
– Reduce waste by converting by-products to valuable commodities
– Promote renewable energy.
Companies have a responsibility for their employees as well as their impact on the societies in which they operate – for instance in terms of working conditions, labor rights, and diversity. How companies can address working conditions, health, and safety in factories.
SAFETY & HEALTH
The Occupational Safety and Health Committee continues to monitor that safety and health procedures are appropriately adhered to by all employees. A 2-day course was conducted on Forklift Safety & Certification. Participants were taught safety at the workplace, introduction to Occupational Safety and Health Act 1994 and forklift safety, including daily forklift truck inspection, understanding gears, and operation controls, loading and unloading, operation safety and truck handling and steering controls. This will help ensure that all forklift drivers are competent and careful.
The Group continues to upgrade its machinery, providing on-going personal improvement opportunities to our employees. The suppliers would organize and provide training to members of staff who have been selected to run the machines. Some staff was sent for external courses.
CO-PUBLISHED OF BOOKS WITH UNIVERSITI TEKNOLOGI MALAYSIA (“UTM”)
As part of the contributions to the community, the Group co-published the following books:
1. Occupational Safety and Health Practices: The Way Forward;
2. Occupational Safety and Health Practices: Issues and Challenges;
3. Managing Risk in the Workplace;
4. Risk Management towards Safe Practices;
5. Aircraft Management from Engineering Safety Perspective;
6. Engineering Business and Management: Exploring Issues and Challenges;
7. Productivity and Quality in Engineering Business Management.
It is hoped that the books will go towards ensuring there is a safe work environment for employees.
STAFF GATHERING & LUCKY DRAWS
The gathering is intended to promote staff mingling and communication to provide a friendly workplace and conducive work environment.
During the year, the staff visited old folk’s home to bring cheers to them! The management would review the results of the above activities undertaken in relation to the Group’s business and environmental conditions. The Group would improve its CSR activities and will introduce new initiatives progressively.
Governance can serve as a control mechanism in relation to bribery and corruption, tax, executive remuneration, shareholders’ voting possibilities, and internal control. We believe active corporate governance is important to the development of companies and provides long-term benefits for shareholders, employees, and society.
One way of ensuring this is to focus on increasing transparency and openness in contacts between the company and shareholders on issues such as board composition and shareholder rights.