Sustainability Report

GHG Emissions and Energy Management

We recognise our responsibility to reduce our carbon footprint. We have set clear goals for reducing greenhouse gas (GHG) emissions and are committed to energy efficiency in all our operations. By investing in renewable energy sources like solar power and optimising our energy use, we are not only cutting emissions but also setting the stage for a more sustainable future. Every small step we take in managing our energy consumption contributes to a larger goal: a cleaner, healthier planet for future generations. Royal Selangor began tracking GHG emissions in FY2023/2024, with comparative data from FY2022/2023 to establish a baseline. The table below outlines our GHG emissions for these periods, with detailed information on Scope 1 and Scope 2 emissions provided in the TCFD report.

OUR COMMITMENT TO A SUSTAINABLE ENVIRONMENT

We are dedicated to sustainability with an action plan focused on five key areas: reusing materials, protecting biodiversity, addressing climate challenges, managing water responsibly, and fostering transparency. These pillars are central to guide our efforts to minimise environmental impact and adopt responsible practices. Through initiatives such as reducing greenhouse gas emissions, improving energy use, cutting waste, and advancing digital solutions, we aim to contribute to a greener, more sustainable future.

The reduction in tin purchases stems from elevated prices, prompting a strategic pivot toward producing a higher volume of mixed-media products incorporating eco-composites, wood, glass, and other sustainable materials. Electricity consumption using solar energy and TNB power aligns with a 5.9% increase in production output, as reflected in the difference in total clocking hours, with 343,316.4 hours recorded for FY2023/2024 compared to 324,187.4 hours for FY2022/2023. The steady rise indicates consistent activity without spikes from specific events or activities. A 19% increase in diesel and petrol consumption was recorded in FY2023/2024 compared to FY2022/2023, based on data from three distribution vehicles. This rise reflects increased distribution demands driven by higher sales volumes.

2022/2023

2023/2024

Scope 1 (Diesel and petrol)

271.7 TCO 2 e

325.2 TCO 2 e

Scope 2 (Electricity)

1,849.9 TCO 2 e

2,010.7 TCO 2 e

Mitigation (Tree planting)

3.2 TCO 2 e

3.2 TCO 2 e

Total GHG emissions

2,118.4 TCO 2 e

2,332.7 TCO 2 e

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