ESG Performance and Reporting - The ESG Report covers the Group's sustainability performance from June 1, 2022, to May 31, 2023, focusing on environmental and social aspects[4]. - The Group's headquarters, a rental hostel for employees, and two production plants in Malaysia were included in the environmental key performance indicators (KPIs) assessment[4]. - The ESG Report adheres to the "Environmental, Social and Governance Reporting Guide" under HKEX rules, ensuring compliance with mandatory disclosure requirements[5]. - Stakeholder engagement and materiality assessments were conducted to determine the content of the ESG Report, ensuring it addresses key issues of concern[11]. - Quantitative KPIs are disclosed to provide stakeholders with a comprehensive understanding of the Group's ESG performance[12]. - The Board is responsible for monitoring the Group's ESG strategies and compliance with ESG-related laws and regulations[25]. - Third-party ESG professionals have been assigned to manage the Company's ESG performance and identify material issues[26]. - The Group emphasizes the importance of effective ESG governance for long-term business development and investment value[27]. - The materiality assessment identified key ESG issues such as GHG emissions, air pollutant emissions, and product quality and safety[40]. - The report includes key performance indicators related to emissions, waste management, and resource consumption[139]. - The report provides a framework for understanding the Group's environmental, social, and governance strategies[140]. Environmental Management - The Group is committed to promoting green operations and has set specific environmental goals[44]. - The Group's environmental management system is certified to the ISO 14001:2015 standard, demonstrating commitment to sustainability[65]. - The Group has established guidelines and goals to minimize environmental impacts through reduced emissions and resource consumption[65]. - The Group has implemented various emission control measures, including the use of hybrid vehicles to reduce reliance on high-polluting diesel vehicles[68]. - The Group's greenhouse gas emission intensity decreased by 19% in 2022-23 compared to 2021-22[45]. - The Group's hazardous waste intensity was reduced by 27% in 2022-23 compared to 2021-22[45]. - Energy consumption intensity decreased by 21% and water consumption intensity decreased by 34% in 2022-23 compared to 2021-22[45]. - The Group's air pollutant emissions from vehicle usage included 955 kg of nitrogen oxides in 2022-23, up from 822 kg in 2021-22[48]. - The Group complied with all relevant environmental laws and regulations during the year[47]. - Total hazardous waste produced increased to 256 kg in 2022-23 from 246 kg in 2021-22, with lead waste rising to 170 kg from 160 kg[59]. - Total non-hazardous waste produced surged to 1,132 kg in 2022-23, up from 533 kg in 2021-22, primarily due to an increase in rubber and cotton gloves[59]. - The intensity of hazardous waste decreased to 8.44 kg per million RM of revenue from 11.56 kg in the previous year[59]. - Energy consumption rose to 662 MWh in 2022-23, compared to 591 MWh in 2021-22, with fuel combustion for vehicles accounting for 545 MWh[63]. - Water consumption decreased to 5,348 m³ in 2022-23 from 5,716 m³ in 2021-22, with a consumption intensity of 176.51 m³ per million RM of revenue[63]. - Non-hazardous waste such as hand gloves is collected and recycled, while hazardous waste is managed by qualified companies to prevent landfill disposal[69]. - The Group's energy consumption intensity improved to 21.86 MWh per million RM of revenue from 27.79 MWh in the previous year[63]. - The Group has raised awareness of climate-related risks, identifying both physical and transitional risks that may impact operations[78]. - Comprehensive insurance coverage is maintained for assets prone to damage from extreme weather conditions to mitigate risks[79]. Employee Welfare and Safety - As of May 31, 2023, the Group employed a total of 68 employees, with 78% male and 22% female[87]. - The age distribution of employees shows 22% are below 30, 62% are between 30-50, and 16% are above 50[88]. - 96% of employees are full-time, while 4% are part-time[88]. - The Group has successfully obtained the ISO 45001:2018 certification for its Occupational Health and Safety Management System[104]. - Safety training is provided to employees before using machinery or handling hazardous materials, ensuring compliance with safety regulations[105]. - The Group's health and safety management team is responsible for maintaining a safe working environment and ensuring compliance with relevant laws[104]. - The Group achieved zero work injuries and zero loss days due to work injuries during the year, with no work-related fatalities in the past three years[108]. - The Group provides various safety training programs, including basic occupational first aid and emergency response training, to enhance employee safety knowledge[110]. - The Group emphasizes work-life balance by organizing leisure activities for employees, such as festive luncheons and sports competitions[91]. - The Group offers various welfare benefits, including medical benefits, insurance, and allowances to all employees[91]. - Exit interviews are conducted for resigning employees to gather feedback for policy improvement[84]. - The average training hours per male employee increased from 1.0 hours (13%) in 2021-22 to 4.6 hours (60%) in 2022-23, while female employees received an average of 12.0 hours (73%) of training[102]. - The percentage of employees trained by gender and employee category was provided, reflecting the company's focus on development and training[150]. - Average training hours completed per employee were reported, segmented by gender and employee category[150]. Community Engagement and Philanthropy - The Group aims to enhance community environment and participate in charitable activities as part of its social responsibility[37]. - The Group made a total of 7 donations amounting to MYR 10,388 during the year, supporting welfare organizations and community events[136]. - The donations included support for the Malaysia Children Downs Syndrome Association and community events such as the Zhong Yuan Festival and Ci Ji Gong Festival[135]. - The Group's philanthropic efforts aim to raise public awareness and support for underprivileged groups[135]. - The company outlined its policies on community engagement to understand the needs of the communities where it operates[160]. - Focus areas of community contribution include education, environmental concerns, and health, demonstrating corporate social responsibility[160]. - The report details the resources contributed to the focus areas, reflecting the company's commitment to community investment[160]. Compliance and Governance - The Board of Directors is responsible for overseeing the Group's ESG issues and ensuring effective risk management measures are in place[24]. - The Group has established a code of ethics to prevent conflicts of interest and has communicated this to all employees[131]. - There were no concluded legal cases regarding corrupt practices brought against the Group or its employees during the Year[132]. - The Group has implemented a whistle-blowing policy to allow employees to report suspected malpractice or misconduct, ensuring protection for whistleblowers[131]. - The Group has emphasized the importance of protecting customer data and privacy, providing employees with privacy training[124]. - The company has established preventive measures and whistle-blowing procedures to combat corruption, ensuring compliance with relevant laws[158]. - The number of concluded legal cases regarding corrupt practices against the company or its employees during the reporting period was documented[158]. - The Group has not engaged in any litigation or legal proceedings for the violation of intellectual property rights during the Year[126]. - The Group has registered its trademark in Malaysia to protect its intellectual property rights, ensuring all precast concrete junction boxes are labeled accordingly[126]. Product Quality and Safety - The Group has implemented a quality management system according to ISO 9001:2015 standards to maintain high product quality[116]. - The Group received eleven complaints related to product quality during the Year, all of which were resolved through product replacement and re-delivery[120]. - The Group has maintained a goal of zero complaints and did not record any products sold or shipped that were subject to recalls for safety and health reasons during the Year[120]. - The company reported a percentage of total products sold or shipped subject to recalls for safety and health reasons, which is a critical quality assurance metric[156]. - The number of products and service-related complaints received and the methods of addressing them were highlighted, indicating a focus on customer satisfaction[156]. - The Group emphasizes the environmental performance of suppliers, focusing on the chemical constituents of raw materials to protect employee and customer health[112]. - The Group conducts physical inspections of all incoming raw materials and equipment to ensure compliance with specifications before manufacturing[117]. - The company has implemented practices to identify environmental and social risks along the supply chain, ensuring compliance and monitoring[156]. - The report includes general disclosures on environmental impacts, including emissions and waste management strategies[146].
万顺瑞强集团(08427) - 2023 - 年度财报