PROTECTING THE PLANET
Our Approach and Performance
Our dedication to protecting the planet is firmly established within our Sustainability Policy, Environmental Policy, and Climate Change Policy. These policies reflect the ethical climate set by the leadership at the Board, BRIC, and senior management levels, resonating throughout the entire organisation. For more information on our climate change-related policies, please visit our corporate website at
www.deleum.com.
ENERGY MANAGEMENT
Why It Matters
We fully understand the fact that the Group’s operations may impact the surrounding environment, such as energy and carbon footprints. With a dedication for preserving the environment, we are committed to practices that would lower our overall impact on power consumption, exhaust emission rates and pursuing the use of renewable sources of power. This commitment also demonstrates our goal of environmental conservation and future sustainability.
Our Approach and Performance In committing to carbon neutrality by 2035, we have outlined the targets for carbon or GHG emission reduction, underpinned by the following initiatives:
ENVIRONMENTAL / PROTECTING AND PRESERVING THE ENVIRONMENT
ENERGY MANAGEMENT
Why It Matters
We fully understand the fact that the Group’s operations may impact the surrounding environment, such as energy and carbon footprints. With a dedication for preserving the environment, we are committed to practices that would lower our overall impact on power consumption, exhaust emission rates and pursuing the use of renewable sources of power. This commitment also demonstrates our goal of environmental conservation and future sustainability.
Our Approach and Performance
In committing to carbon neutrality by 2035, we have outlined the targets for carbon or GHG emission reduction, underpinned by the following initiatives:
Climate Change
Towards Carbon Neutrality by 2050
* Notes: In FY2024, our GHG baseline year has been revised from FY2019 to FY2023, to reflect the significant projects and adopting new methodologies
of ISO14064:1. This includes:
1 Our Scope 1 and Scope 2 figures for FY2022 to FY2023 have been restated as correction of error.
2 Our Scope 1 and Scope 2 figures for FY2023 and FY2024 have been verified by independent third party, BSI in accordance with ISO14064-1: 2018, at a materiality threshold of 5%.
The Verification Opinion Statement can be viewed at pages from 94 to 98 of this Annual Report.
Environmental / Protecting & Preserving Environment
Our commitment
Our commitment to environmental sustainability starts at home. As an organisation, we understand that the long-term well being of society and our colleagues, and the continuing success of our own business depend on our commitment to a sustainable environment. We recognize the potential adverse impacts of human activities on ecosystems, including climate change, resource depletion, and environmental degradation. We proactively work to prevent and manage these impacts across our operations, supply chains, and business activities.
Climate Change
We believe that climate change risks should be addressed while also meeting the growing demand for affordable and secure energy. We recognise the physical, transitional and legal / reputational risks pose by climate change that can have material impacts on returns and long-term value to our business.
Our aspiration is to deliver value for our shareholders, customers and wider society, and integrates its long-standing commitment to contribute to sustainable development through a climate change resiliency and environmentally aligned to our business model. By upholding our commitment towards reducing the impact of climate change, we developed and implemented the Sustainability Policy, Environmental Policy and Climate Change Policy.
Towards Carbon Neutrality by 2050
We remain committed to continuously adopting the best practices to progressively reduce emissions across business operations. We comply with the basis of calculation as prescribed by GHG Protocol Corporate Accounting and Reporting Standard (“GHG Protocol”) and Energy Commission’s Natural Energy Balance 2016 as well as Bursa Malaysia's Sustainability Reporting Guide, Task Force on Climate-Related Financial Disclosures (TCFD) and Global Reporting Initiative (GRI).
Biodiversity
To the best of its knowledge, Deleum does not operate in locations or locations adjacent to sites deemed to be high in biodiversity value, or sites which contain flora and fauna species deemed to be on the International Union for Conservation of Nature (“IUCN”) Red List. The Group will continue to monitor the environmental impact of its business presence and operations and is committed towards maintaining net positive or at least neutral biodiversity impact.
Deleum aspires to explore possibilities working with non-governmental organisations (“NGOs”) and other bodies towards providing support for their environmental related activities.
Pollution & Resources Uses
We committed to sustainable environmental protection, minimising the potential pollution impact on the environment and to protect the environment by prevention of pollution, reduction of waste and water, and minimisation of consumption resources.
The undertaken initiatives that emphasise our roles and responsibilities to fight climate change, conserve and promote the efficient use of natural resources and to protect the ecosystem, as summarised below:
