Sustainability
Overview
Sustainability Policy
The purpose of the Sustainability Policy (“the Policy”) is to establish the objectives and guidelines for Kumpulan Perangsang Selangor Berhad (“KPS Berhad” or “the Company”) and its subsidiary companies (collectively referred to as the “KPS Berhad Group” or “the Group”) with regards to Sustainability-related matters.
Objective of The Policy
Aiming to be a responsible corporate citizen
Create long-term value for all its stakeholders via sustainable development practices
Promoting sustainable business and practices
Limiting the negative impact of our business to the environment
Address the sustainability-related risks and opportunities in achieving business and operational excellence
Statement of the Policy
Develop and implement impactful Economic and ESG action plans and initiatives, as well as commit to measuring and monitoring the said initiatives
Adhere to approved business plans and strategic directions, as well as to all applicable laws, regulations and standards
Address environmental challenges and opportunities in our business activities
Strengthen social well-being and community relationships
Provide conducive working environments and operate in a healthy, safe and efficient manner
Maintain effective engagement with all stakeholders
Implement effectual governance structure and practice for sustainable development
Sustainability Framework
| vision | mission | ||||
|---|---|---|---|---|---|
| our value creation model | |||||
UNSDG      |
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| economic & ESG | |||||
|
Economic Commitment Driving optimum business and operational performance towards maximising financial and non-financial value creation. |
Environmental Commitment Reducing carbon emissions intensity by 45% by 2030 and ultimately pursuing carbon neutrality by 2050. |
Environmental Commitment Continuously implementing environmentally responsible manufacturing practices. |
Social Commitment Be the champion in addressing socio-economic gaps within the society. |
Social Commitment Upholding human rights, labour rights, safety, equality, and diversity throughout business operations. |
Governance Commitment Upholding good corporate governance. |
| materiality matters | |||||
|
Economic & business performance Sustainable procurement & local sourcing Stringent quality control procedures |
Energy efficiency |
Waste reduction & environmental initiatives |
Engaging local communities |
Safety & health Training & career development Diversity & inclusivity |
Eliminating bribery & corruption |
| non-materiality matters | |||||
|
Emissions |
Water security |
Human rights Labour rights |
Risk management Complaints & grievance mechanisms Cybersecurity |
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Impact in Motion
Reflecting a strategic commitment to operational excellence and environmental stewardship, Impact In Motion encapsulates a data-driven approach to integrating advanced environmental, social and governance practices into our business operations. Representing a methodical approach to managing carbon emission, for instance, we opted to optimise resources and work more e?iciently, which resulted in measurable progress, enriching environmental performance and economic resilience. Throughout this report, we share our disciplined pursuit of continuous improvements and technical rigour, a journey to preserve our Financial, Manufacturing, Intellectual, Human, Social and Relationship, and Natural Capitals to drive long-term value creation.
The 2024 Sustainability Report (“2024SR” or “the Report”) marks the sixth standalone Sustainability Report for KPS Berhad, reflecting our continuous commitment to responsible and transparent reporting to our stakeholders. This Report provides a detailed account of our efforts in addressing material Economic as well as Environmental, Social and Governance (“ESG”) matters and the tangible outcomes of our initiatives.
