Why It Matters With our expansion into the energy and semiconductor manufacturing industries, we are exposed to more stringent regulations and heightened expectations pertaining to our environmental impact – and our GHG emissions in particular. By driving emissions reductions across our business, we can minimise the risk of non-compliance and position ourselves as an environmentally responsible organisation worthy of the trust of our customers, investors and other stakeholders, thus safeguarding the sustainability of our business. In addition, focused and consistent climate action enables us to contribute meaningfully to Malaysia’s goal of reaching net zero GHG emissions, strengthening our relationship with governmental authorities and unlocking new avenues for long-term business growth. Our Approach In aspiring to make a tangible difference to the world’s shared fight against climate change, we have committed to achieving carbon neutrality by 2040 and net zero GHG emissions by 2050. During the past year, we took an important step on this journey by undertaking our first GHG inventory. The inventory covered Group-wide Scope 1 and Scope 2 emissions, with 2022 chosen as the base year for our calculations and our methodology based on the internationally recognised GHG Protocol Corporate Accounting and Reporting Standard (“GHG Protocol”), in line with Bursa Malaysia Securities Berhad’s (“Bursa Malaysia”) Sustainability Reporting Guide (3rd edition). The inventory provides us with a solid base to assess emissions reduction strategies and technologies, positioning us to transform our business model and investment decision-making processes in the years to come, with a view to achieving long-term emissions reductions. At the business unit level, we are planning to install solar panels across SilTerra’s operations to reduce its emissions from fossil fuel-based energy. Meanwhile, Ping adheres to its detailed Net Zero Policy and Strategy, under which it works closely with various UK-based non-governmental organisations (“NGOs”), institutions and business partners to implement low-carbon oil and gas production solutions and energy efficiency improvements. Ping also conducts an annual emissions audit to highlight areas where it may achieve further emissions reductions. Scope 1 & 2 GHG Emissions Our first GHG emissions inventory, conducted using the equity share consolidation approach, revealed that we emitted a total of 94,832 tCO2e across Scope 1 (Direct) and Scope 2 (Indirect) emissions during FY2022. Our Technology division was responsible for the largest share at of 54,974 tCO2e (58% of the total), followed by the Energy division with 39,583 tCO2e 42%, the IT division with 270 tCO2e 0.3% and our headquarter, Dagang Net Tower with 5 tCO2e (0.005%). We will explore the inclusion of Scope 3 emissions in future inventories to provide a fuller picture of our Group-wide emissions. Business Unit Scope 1 Emissions (tCO2e) Scope 2 Emissions (tCO2e) Total GHG Emissions by Business Unit (tCO2e) Headquarter, Dagang Net Tower 5 -* 5 Technology 13,679 41,295 54,974 Energy 39,533 50 39,583 Information Technology** 5 265 270 Total GHG Emissions (tCO2e) 53,222 41,610 94,832 * As Dagang Net Tower is occupied by multiple entities, including Dagang Net, its Scope 2 emissions are accounted for under Dagang Net in the IT business unit. ** Data for IT business units located within or outside Dagang Net Tower are reported here. This baseline study was conducted based on our previous reporting period, 1 July 2021 – 30 June 2022. Moving forward, we will conduct this study following our new calendar year of 1 January – 31 December. Moreover, the baseline study does not include Scope 3 (Category 6: Business Travel and Category 7: Employee Commuting), which we will cover in the next reporting cycle. GHG EMISSIONS Sustainability Statement DAGANG NeXCHANGE BERHAD 116 ENVIRONMENTAL
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