Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2022 45 Innovation projects Y2018 Y2019 Y2020 Y2021 Y2022 Green power project (KW) 268,242 384,128 368,924 320,640 935,661 Accumulative green power project (KW) since 2018 268,242 652,370 1,021,294 1,341,934 2,277,595 DIW recycling project (Ton) 55,907 54,443 49,090 67,675 80,508 Accumulative DIW recycling project since 2018 (Ton) 55,907 110,350 159,440 227,115 307,623 Waste recycling project (Kg) 8,337 54,872 71,380 171,570 75,037 Accumulative waste recycling project since 2018 (Kg) 8,337 63,209 134,589 306,159 381,196 In compliance with the TCFD framework, Frontken has identified and assessed climate change risks and response measures across the corporation. We categorised the potential financial impacts of climate change into transition risks, physical risks, regulatory risks, and climate opportunities. Transition risks are comprised of major carbon reduction costs from Frontken pathways to achieve Net Zero Emissions by 2060. For example, developing energy-saving and carbon reduction technologies, expenses for application projects, paying a premium for green energy, and purchasing carbon credits. Regulatory risks include risks from estimating potential future carbon fees according to local government’s policies. Physical risks primarily consist of growing electricity costs from air conditioner use because of slowly rising global temperatures and the cost of responding to climate changes and disasters. Specific actions: Strongly support the initiatives of the international organisations on climate change, and abide by public policies and local laws and regulations; Improve energy efficiency to reduce the energy used in our operations; Work with related associations and government agencies to implement green energy technologies such as solar panels and purchase green energy; Engage with all the stakeholders including the supply chain to minimise the carbon impacts; Continue carrying out GHG reduction actions and set targets to reduce our carbon emissions; Continue investing in R&D for sustainable innovation; Insist on responsible green production and green innovations and use transparent disclosure to enhance the company’s green reputation; Each business unit evaluates the risk level for drought and flood every year and come out risk mitigation measures accordingly; Implement business continuity plan and update it regularly. SUSTAINABILITY REPORT (CONT’D)
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