Our Sustainability
Environmental, Social and Governance (ESG)
The Board of Hextar Global Berhad (HGB) believes that introducing Environmental, Social and Governance (ESG) considerations in its business decisions is essential to achieve long term business success besides creating value for all its stakeholders, act as a strategic approach to support and empower communities, encourage social inclusivity and improve the environment. In terms of climate change, Hextar is committed to reinforcing the efforts towards decarbonization pathway while ensuring long-term value creation for the organization.
The balancing of ESG with the interests of stakeholders is essential in improving investor perception and public trust that works towards value enhancement for stakeholders in the long run. Climate change, directly and indirectly, affects our profitability and sustainable growth. It is crucial to protect these by mitigating and adapting to climate related risks.
HGB also believes that as a responsible corporate citizen, one would have an obligation in making the earth a better place to live in through responsible investing, besides weighing on an appropriate risk-return profile for its investments. Accordingly, HGB incorporated its principles of sustainability in its ESG policy and in line with our core values of Integrity, Loyalty and Hard Work
What our Executive Director Say
“Hextar Group is committed to meeting the target of Net Zero Carbon Emissions by 2050, aligned to Malaysia's national aspirations and in support of the Sustainable Development Goals (SDGs) on Climate Action."
"As we look into the future, we hope to achieve the Net Zero target through investing in low-carbon efficient technologies and renewable energy. We hope to continuously report our progress as an organization towards meeting this goal in the future."
DATO’ ONG CHOO MENG
OUR SUSTAINABILITY GOALS VS FYE2021 PERFORMANCE AT A GLANCE
Hextar Global Berhad is committed to
The United Nations Sustainable Development Goals (UN-SDG) and Malaysia’s Shared Prosperity Vision 2030 (SPV2030) towards decarbonization pathway while ensuring long-term value creation for the organization
ESG at a Glance
Our drive is to create a sustainable planet through lower carbon emission.
ENVIRONMENTAL
Append below is the Group total GHG emission in Metric Tones of CO2 equivalent.
We have started compiling year 2021 GHG emissions for Scope 1, 2 and 3 as our base data. We present herewith our findings for year 2021. Moving forward we will compile and report yearly data.
Data for emissions generated was obtained by using the relevant emission factors from the Malaysian Green Technology and Department for Environment, Food and Rural Affairs (Defra) UK GHG Conversion Factors. This is considered the current best practice for corporate or organisational emissions reporting.
• Scope 1: Direct CO2 e emitted from sources that are owned by the group, such as company-owned vehicles and machineries
• Scope 2: Total CO2 e emitted refers to indirect emissions from purchased electricity using the location-based and market-based methods
• Scope 3: Total CO2 e emitted refers to indirect emissions. We are reporting employee commuting only from data obtained from petrol card users and obtained data only.
We are conscious of the rapidly rising climate change, including both Physical and Transition risks. In response, we proactively identify, and manage risks that materially impact our value creation abilities, including sustainability which is regularly deliberated by the Board and driven by the ESG Committee.
Additionally, we strive to meet the standards of global sustainability indices to improve our governance and disclosures on sustainability related risks in meeting our stakeholder expectations.
Our pursuit to improve life for employees and communities.
SOCIAL
WORK-RELATED INJURIES (EMPLOYEES)
WORK-RELATED INJURIES (CONTRACTORS)
“Under our stringent control on occupational safety and health affairs in Hextar Global Berhad, we are pleased to inform that we have successfully achieved our goal of having zero incidences of fatalities for Hextar employees and contractors and achieved zero work-related injury in FYE2021.”
Following the one incident in 2020, immediate correction action was taken by the SHE Committee. This included providing awareness training, displaying warning signages and preparing SOP for operations.
Our SHE Committee comprises of employee representatives as we believe in the importance of active participation from relevant stakeholders to monitor and improve the safety and well-being of the organization.
We prioritize the safety and health of our employees in our production and operation management in order to fulfill our corporate social responsibility and contribute to the progress of the economy, the environment, and society.
The Board has approved the appointment of a Board Member, Madam Lee Chooi Keng to oversight the management of health and safety risks and the management of climate change risks. We believe that by including a representative from the Board member with relevant knowledge and experience, it will improve the effectiveness of the Safety, Health & Environment and ESG governance.
Hextar Global Berhad sustainability governance is led by the ESG Committee comprising Senior management team, representative from the Board Member and Senior Executives. We believe the committee is critical for driving the development and implementation of the Company’s ESG strategy.
