Sustainability Report

TASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES (TCFD)

Royal Selangor is committed to transparency in addressing climate-related risks and opportunities. In line with Bursa Malaysia’s requirement for public listed companies to include TCFD reporting by December 31, 2025, we have chosen to begin our Task Force on Climate-related Financial Disclosures (TCFD) reporting from FY 2023-2024. This report provides consistent, voluntary disclosures that enhance investor understanding of how climate impacts our business, reinforcing our dedication to sustainability and responsible financial practices.

ENGAGING EMPLOYEES AND ADVOCATING FOR SUSTAINABILITY

Royal Selangor is in the early stages of our ESG journey, and we believe in the power of collective action to address global challenges like climate change. To work towards keeping global warming below 1.5°C and achieving net zero GHG emissions by 2050, we are implementing several initiatives to engage and educate our employees. These include conducting surveys to gauge awareness of ESG efforts, developing educational modules through briefings and seminars, and organising an ESG showcase to highlight our strategy and progress. We aim to foster an environmentally conscious mindset, focusing on areas like waste management, energy, water usage, and sustainable practices. We will showcase our ESG achievements and involve employees in key sustainability events like COPEBEST 24. Royal Selangor is also committed to collaborating with government bodies on climate challenges and opportunities.

Introduction

TCFD Governance

Royal Selangor has long recognised the importance of sustainable practices. Since 2000, we have implemented a wastewater treatment plant and, from 2015, introduced energy efficiency measures to reduce power consumption across our factories. By transitioning from diesel fuel for melting pewter, we have successfully reduced 2,500 TCO2e. In FY 2023 - 2024, we established an ESG committee to guide and oversee the implementation of our sustainability strategy. The Net Zero Steering Committee is tasked to reduce GHG emissions by 33% by 2030, another 33% by 2040, and achieve net zero emissions by 2050.

TCFD governance represents the framework that drives our approach to climate-related matters. It ensures that the processes and are in place to guide the company in addressing the challenges and opportunities posed by climate change. Our governance model defines the strategic direction, objectives, and responsibilities for climate-related risks and opportunities, ensuring that they are integrated into our overall business strategy. We are committed to aligning our climate goals with long term sustainability and corporate responsibility.

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