Sustainability
Overview
Sustainability Policy
The purpose of the Sustainability Policy (“the Policy”) is to establish the objectives and guidelines for Kumpulan Perangsang Selangor Berhad (“KPS Berhad” or “the Company”) and its subsidiary companies (collectively referred to as the “KPS Berhad Group” or “the Group”) with regards to Sustainability-related matters.
Objective of The Policy
Aiming to be a responsible corporate citizen
Create long-term value for all its stakeholders via sustainable development practices
Promoting sustainable business and practices
Limiting the negative impact of our business to the environment
Address the sustainability-related risks and opportunities in achieving business and operational excellence
Statement of the Policy
Develop and implement impactful Economic and ESG action plans and initiatives, as well as commit to measuring and monitoring the said initiatives
Adhere to approved business plans and strategic directions, as well as to all applicable laws, regulations and standards
Address environmental challenges and opportunities in our business activities
Strengthen social well-being and community relationships
Provide conducive working environments and operate in a healthy, safe and efficient manner
Maintain effective engagement with all stakeholders
Implement effectual governance structure and practice for sustainable development
Sustainability Framework
| vision | mission | ||||
|---|---|---|---|---|---|
| our value creation model | |||||
UNSDG      |
|||||
| economic & ESG | |||||
|
Economic Commitment Driving optimum business and operational performance towards maximising financial and non-financial value creation. |
Environmental Commitment Reducing carbon emissions intensity by 45% by 2030 and ultimately pursuing carbon neutrality by 2050. |
Environmental Commitment Continuously implementing environmentally responsible manufacturing practices. |
Social Commitment Be the champion in addressing socio-economic gaps within the society. |
Social Commitment Upholding human rights, labour rights, safety, equality, and diversity throughout business operations. |
Governance Commitment Upholding good corporate governance. |
| materiality matters | |||||
|
Economic & business performance Sustainable procurement & local sourcing Stringent quality control procedures |
Energy efficiency |
Waste reduction & environmental initiatives |
Engaging local communities |
Safety & health Training & career development Diversity & inclusivity |
Eliminating bribery & corruption |
| non-materiality matters | |||||
|
Emissions |
Water security |
Human rights Labour rights |
Risk management Complaints & grievance mechanisms Cybersecurity |
||
Ambition in Action
“Ambition in Action” reflects the ambitious aspirations of Kumpulan Perangsang Selangor Berhad (“KPS Berhad”) and its subsidiary companies (“the Group”) in relation to sustainability. It speaks of our commitment to setting self-challenging environmental, social, and governance (“ESG”) related benchmarks, that, in turn, drive concerted strategies that shall propel the Group forward in its sustainability journey.
Ambition motivates the continued pursuit of excellence when implementing sustainability practices within the Group. At the same time, action provides the impetus and pathway to achieve goals and targets.
The theme of this year’s sustainability report is also reflective of the existential sustainability priorities that we, as a business, face today: climate action, labour and human rights, safety and health, and good governance, which covers ethics and integrity.
Our 2023 sustainability report (“2023SR”) accounts for our vision to pursue our ambitions through concerted action and creating lasting positive impacts towards shared prosperity.
