Sustainability Report

TCFD Metrics and Targets

Carbon Emission Metrics and Targets

Emissions Profile of Royal Selangor

TCFD metrics and targets are for measuring and monitoring climate-related risks and opportunities. Royal Selangor is committed to reducing greenhouse gas (GHG) emissions in line with global efforts to limit temperature increases to 1.5°C. Since the introduction of our energy policy in 2015, we have taken significant steps to reduce electricity consumption and GHG emissions. Relevant metrics have been established to track this progress, as shown in Figure 10.5.1. Over a five-year period, we successfully eliminated 3,776 TCO2e from our operations, a milestone we are proud to have achieved.

The GHG emissions profile for Royal Selangor for FY 2022 - 2023 and FY 2023 - 2024 is presented in the table below. This data reflects our ongoing efforts to monitor and reduce carbon emissions as part of our commitment to achieving our climate goals.

2022/2023

2023/2024

Scope 1 (Diesel and petrol)

272.7 TCO 2 e

380.3 TCO 2 e

Scope 2 (Electricity)

1,699.7 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

Efficient Energy Policy

Energy policy was issued in 2015. We committed to reduce energy usage by 5% per year till 2020.

1,969.3 TCO 2 e

2,387.9 TCO 2 e

Conversion from conventional to LED based lighting commenced from 2015 and completed by 2018. Annual reduction in Scope 2 GHG emissions of 126 TCO2e.

LED Lightings

Royal Selangor tracks the diesel and petrol consumption of our vehicles, converting this data into equivalent carbon emissions.

Scope 1: Direct Emissions from Vehicle Fleet, Forklift, and Genset

We are unable to include GHG emissions from air conditioner coolants due to insufficient data.

From FY 2022-2023 to FY 2023-2024, Scope 1 GHG emissions increased by 50%, primarily due to higher fuel consumption by our distribution vans.

Heating of casting pots from diesel burner to electric heater commenced from 2016 and completed by 2018.

Electric smelting pots

Reductions in Scope 1 GHG emissions of 2500 TCO2e.

Scope 2: Indirect Emissions from Electricity Consumption

Indirect emissions are calculated from monthly electricity consumption, specifically from power sourced through TNB, excluding energy generated by our solar panels.

Scope 2 GHG emissions rose by 18% between FY 2022-2023 and FY 2023-2024, driven by a 5% increase in production output and reduced solar power collection.

We received a RM75k energy audit grant from the Malaysian GreenTech Corporation in Dec 2016. UTeM conducted the energy audit under RMK-11 Energy Audit Conditional Grant Agreement

Energy Audit

In July 2023, we introduced the DHL Express Go Green Plus Program, adopting sustainable aviation fuel to reduce air freight carbon emissions for international e-commerce by 20%. We have not included Scope 3 emissions associated with our suppliers, employee travel, and flights taken by our management and marketing teams.

Scope 3: Indirect Emissions

Ditrolik set up solar panels on leasehold basis at Royal Selangor in Dec 2019.

Solar Power

As part of our efforts to reduce GHG emissions, Royal Selangor has incorporated 79 mature trees within our compound, serving as a natural mitigation measure to offset carbon emissions and contribute to environmental sustainability.

Mitigation Measures

Annual reduction of Scope 2 GHG emissions by 1150 TCO2e.

Royal Selangor’s drive towards reduction of CO 2 emissions

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