Corporate Governance
Climate Change Policy
1. INTRODUCTION
Engtex Group Berhad acknowledges the impacts of climate related risks on its businesses, and recognises its roles in addressing climate change through various operational and strategic initiatives.
Outline our approaches to addressing climate related risks according to recognised international frameworks to reduce our carbon footprint.
This Policy applies to the Company and all its subsidiaries, and where practical, third parties such as our customers and vendors.
We shall align with the Task Force on Climate-related Financial Disclosure (“TCFD”) involving implementation of its framework across 4 main pillars (Governance, Strategy, Risk Management and Metrics & Targets), focusing on mitigation and adaptation governance and strategies:
1) Mitigating our business operations’ impact on climate change by:
- striving to achieve carbon neutral by year 2050.
- Improving our energy and resource efficiency.
- Setting our carbon emission targets.
2) Mitigating our business operations’ impact on climate change by:
- Enhancing our resilience against physical risks such as rising temperature and sea level via our risk management system.
- Reducing reliance on fossil fuel and increase usage of renewable energy.
- Improving our water management and conservation efforts.
3) Embedding climate-change considerations in our governance and business strategies as well as risk management.
The Board is responsible for the administration, revision, interpretation, and application of this policy. The policy will be reviewed by the Board as and when required.
Corporate Governance
Climate Change Policy
1. INTRODUCTION
Engtex Group Berhad acknowledges the impacts of climate related risks on its businesses, and recognises its roles in addressing climate change through various operational and strategic initiatives.
Outline our approaches to addressing climate related risks according to recognised international frameworks to reduce our carbon footprint.
This Policy applies to the Company and all its subsidiaries, and where practical, third parties such as our customers and vendors.
We shall align with the Task Force on Climate-related Financial Disclosure (“TCFD”) involving implementation of its framework across 4 main pillars (Governance, Strategy, Risk Management and Metrics & Targets), focusing on mitigation and adaptation governance and strategies:
1) Mitigating our business operations’ impact on climate change by:
- striving to achieve carbon neutral by year 2050.
- Improving our energy and resource efficiency.
- Setting our carbon emission targets.
2) Mitigating our business operations’ impact on climate change by:
- Enhancing our resilience against physical risks such as rising temperature and sea level via our risk management system.
- Reducing reliance on fossil fuel and increase usage of renewable energy.
- Improving our water management and conservation efforts.
3) Embedding climate-change considerations in our governance and business strategies as well as risk management.
The Board is responsible for the administration, revision, interpretation, and application of this policy. The policy will be reviewed by the Board as and when required.