Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2023 29 SUSTAINABILITY REPORT (CONT’D) CLIMATE CHANGE CHALLENGES The Sustainability Committee, in alignment with various references and standards, including the recommendations of the Climate-related Financial Disclosures, diligently evaluated and identified risks and opportunities pertaining to the environment, specifically in relation to climate change. This comprehensive assessment guided discussions on the direction of the Company’s environmental initiatives, emphasising waste recovery, recycling practices, and efforts toward establishing a circular economy. A dedicated report on Climate Change Challenges has been published to transparently communicate the outcomes of these discussions and initiatives. Frontken Group is committed to navigating the challenges associated with reducing greenhouse gas emissions while concurrently enhancing our positive impact on the environment and society. Our continuous exploration of innovative approaches to business growth is grounded in the development of technologies, products, and services that actively contribute to environmental protection, energy conservation, and the mitigation of global warming. By actively working towards reducing global greenhouse gas emissions, we aspire to play a meaningful role in addressing climate challenges while advancing our business endeavours. As part of our commitment to transparency and accountability, we will concentrate on disclosing comprehensive environmental, social, and governance (“ESG”) information. This includes detailed insights into our initiatives related to climate change and pollution control, reinforcing our dedication to responsible business practices and contributing to a sustainable and resilient global future. CONTINUOUS IMPROVEMENT In FY2023, Frontken Group has reaffirmed and strengthened its commitment to various dimensions of sustainability development. Our focus areas include governance, the health and safety of our employees, environmental sustainability, emissions and climate change, pollution control, and sustainable supply chain management. The culmination of our efforts during this fiscal year is encapsulated in our comprehensive sustainability report, showcasing accomplishments, and outlining crucial steps taken to integrate sustainability vision for long-term growth, development, and profitability. To ensure the success of our sustainability initiatives, we have dedicated additional resources towards full control, digitisation, and integration of these efforts. Our goal is to recognise opportunities for profitability, drive continuous improvement, build enterprise value, preserve business integrity, and protect our reputation. At the core of these initiatives is the belief that sustainability is pivotal for the Group’s lasting success. At the core of our operations, Frontken Group continuously develops advanced technologies to empower our customers to create sustainable products and services. Our focus lies in extending the lifespan, performance, and aesthetic appeal of critical parts used in everyday production processes. Through our innovative technology, we help customers: (a) PROTECT the surfaces of critical parts; (b) PRESERVE the materials of critical parts for extended lifespans; and (c) PROVIDE for a sustainable future through recycling, repairing, refurbishment, re-engineering, and re-coating initiatives. Aligned with our Sustainable Development Goals, we actively seek business opportunities that re-engineer shared values from fewer resources, transforming societal concerns and environmental challenges into innovative products and services for our global customers. Our commitment to delivering value extends beyond stakeholders to include broader social and environmental considerations. We believe that excellent corporate governance positively contributes to society and the environment, fostering long-term growth.
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