Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2023 47 Addressing climate change requires a united global effort, where nations, industries, and individuals must come together to implement sustainable practices, reduce carbon emissions, and develop innovative solutions. The urgency of this issue demands a commitment to understanding, adapting, and mitigating the impact of climate change to ensure a sustainable and secure future for generations to come. Frontken Group is responding to the urgent challenge of climate change with a strong commitment and a comprehensive approach. Our strategy centres around a meticulous climate change materiality assessment, which identifies critical issues and assesses the greatest impact. This assessment serves as a foundational framework for our initiatives across three strategic pillars: climate resilience, resources resilience, and production resilience. (a) Climate Resilience: We prioritise building climate resilience within our operations and processes. This involves adopting measures to mitigate and adapt to the impacts of climate change. This may include investments in renewable energy sources, energy efficiency improvements, and other initiatives to reduce our carbon footprint. (b) Resources Resilience: Ensuring the resilience of resources is a key focus. This entails responsible management of resources, including water, raw materials, and energy. We work towards optimising resource usage, minimising waste, and promoting circular economy principles to contribute to the sustainability of resources. (c) Production Resilience: Our commitment extends to building resilience in our production systems. We strive to enhance the efficiency of our production processes while minimising environmental impact. This involves incorporating sustainable practices, adopting green innovation, and aligning production with circular economy principles. By addressing these three pillars, we aim to execute meaningful changes that contribute to a reduction in our environmental footprint. We understand the importance of aligning our business operations with sustainable practices to actively contribute to global efforts in mitigating climate change. Through a combination of strategic planning, innovative solutions, and continuous improvement, we are dedicated to making a positive impact on the environment and ensuring the long-term sustainability of our business. Frontken Group is committed to a comprehensive set of measures outlined in our environmental policy to address and combat climate change. Our dedicated efforts align with sustainability goals and prioritise reducing environmental impact across various operational aspects. The key commitments include: (a) Energy Efficiency: Frontken Group is dedicated to reducing energy consumption in our operations. This involves implementing measures to enhance energy efficiency in buildings, facilities, equipment, and tooling, ensuring responsible and sustainable energy practices. (b) Water Impact Reduction: We actively work towards minimising water impacts associated with manufacturing operations, services, and overall facility management. Our commitment extends to adopting water-efficient technologies and practices to reduce our water footprint. (c) Renewable Energy Technologies: Frontken Group explores and implements alternative or renewable energy technologies, such as solar panels, wherever practical. This initiative contributes to the generation of sustainable energy for our facilities, promoting a shift towards cleaner and more environmentally friendly energy sources. (d) Stakeholder Engagement: Engagement with stakeholders, including supply chain partners, is a priority. We collaborate with all stakeholders to collectively combat climate change, fostering a shared commitment to sustainability across the entire value chain. (e) Carbon Reduction in Supply Chain: Frontken Group actively collaborates with suppliers and partners to minimise carbon emissions embedded in consumables like chemicals and packaging materials. Additionally, efforts are directed towards reducing the carbon footprint of equipment and supply chain suppliers to mitigate overall carbon impacts. SUSTAINABILITY REPORT (CONT’D)
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