Sustainability
We recognise the need to be part of the global sustainability efforts to address the escalating climate change risks. We are taking steps to adopt a holistic approach for the management of our businesses, taking into consideration the material sustainability risks and opportunities are identified based on the environment, social and governance (ESG) pillars.
We hope to achieve our top-priority material sustainability matters on climate change through long-term climate goal of net zero GHG emissions.
Our Sustainability
Approach
We have embarked on our sustainability journey since 2018 in our commitment to only invest in RE projects going forward.
We have also established a sustainability management process to help us reach various sustainability goals we intend to set in support of the achievement of some of the United Nations Sustainability Development Goals (“UN SDGs”).
Our sustainability management process starts with a materiality assessment process that will enable us to focus on and manage what matters most to the business and our stakeholders by identifying material sustainability matters (MSMs). We are prioritising and focussing our effort on the top eight MSMs below:
Sustainability
We recognise the need to be part of the global sustainability efforts to address the escalating climate change risks. We are taking steps to adopt a holistic approach for the management of our businesses, taking into consideration the material sustainability risks and opportunities are identified based on the environment, social and governance (ESG) pillars.
We hope to achieve our top-priority material sustainability matters on climate change through long-term climate goal of net zero GHG emissions.
Our Sustainability
Approach
We have embarked on our sustainability journey since 2018 in our commitment to only invest in RE projects going forward.
We have also established a sustainability management process to help us reach various sustainability goals we intend to set in support of the achievement of some of the United Nations Sustainability Development Goals (“UN SDGs”).
Our sustainability management process starts with a materiality assessment process that will enable us to focus on and manage what matters most to the business and our stakeholders by identifying material sustainability matters (MSMs). We are prioritising and focussing our effort on the top eight MSMs below:
At Leader Energy, we are committed to manage climate related risks as we transition towards a low carbon future. At the same time, we are working towards reducing our environmental footprint by managing our waste management practices across our operations. In line with the urgent call to decarbonise the world economy to low carbon economy through energy system transition from fossil fuel to renewable energies.
Climate change
We are committed to manage climate related risks as we transition towards a low carbon future.
We have set long-term climate goal of Net Zero GHG emissions in support of the climate goals set under the Paris Agreement.
We have established a carbon management plan to guide the achievement of Net Zero GHG emissions. We are also in the process of an energy transition from fossil fuels to RE.
Waste management
We are working towards reducing our environmental footprint and we strive to meet both the local and international environmental requirements and regulations in managing our waste management practices across our operations.
We are guided by our Environmental Policy, customised to local laws and regulations (including codes and standards) of the countries in which we are operating.
To ensure we adopt and employ best industry practices, we have also included international standards for project development such as IFC World Bank “Equator Principles” (a financial industry benchmark for determining, assessing and managing environmental and social risks when financing projects) standards.
We have developed several waste management practices including partnering with reputable and authorised vendors for disposal of scheduled waste which are in compliance with local regulations and rules; stringent adherence with our waste management standard operating procedures, which are designed to align with local regulations such as waste disposal practices, proper segregation of waste and storage of scheduled waste as well as adopting circular economy – through the recycling of waste, where possible.
Reliable energy
Environmental
We strive to provide a safe and healthy working environment for employees, contractors and other visitors. We also care for the communities by giving back to the local society including gifts and donations to local schools, health clinics and community organizations.
Health, safety & environment
We strive to provide a safe working environment for employees, contractors and other visitors.
We are committed to ensuring that the health and occupational safety of our employees, contractors, visitors and other stakeholders be our highest priority.
We focus more on prevention of work-related accidents under our programmes to comply with the Malaysian Occupational Safety and Health Act, than resolving problems after they have already developed.
Guided by this principle, we have implemented several initiatives and preventive measures progressively over the period under review, to ensure we provide a safe and conducive working environment to our employees and contractors.
Human rights
Corporate Social Responsibility (CSR)
At Leader Energy, we care deeply about giving back to the communities that support us. We show our appreciation to local people and communities by giving something back in terms of goodwill projects and charitable contributions through our Corporate and Social Responsibility (CSR) projects.
To walk our talk, we have sent food packages to 150 low-income families in Kedah by LSE.
In Klang, by LSE II, we have donated Bakul Makanan in aid of needy families in the area.
We have also helped to upgrade the House of Love’s Aquaponics system in Klang, Malaysia in support of sustainability. Leader Energy and ERS Energy had also jointly sponsored the 35.1kWp rooftop solar PV system to Pertubuhan Rumah Anak Yatim Kuala Muda, an orphanage in Kedah.
Social
Our Board has established Leader Energy’s sustainability framework to facilitate the implementation of the company’s sustainability plans and strategies. We are also committed to upholding common core values of ethics, integrity and continuous improvement in the things we do and the manner in which we conduct our business. Besides our Group Code of Business Conduct, we have also established rules and guidelines to supplement legislation governing how we intend to act as a trusted business partner in social, economic, governance, and environmental matters.
Board leadership and effectiveness
The Board is responsible for the long-term success of our company and the delivery of sustainable value to its stakeholders.
The Board has established our Group’s sustainability framework to facilitate the implementation of our Group’s sustainability plans and strategies. An ESG consultant has also been engaged to assist in development of the sustainability framework, sustainability governance structure and the sustainability policy and facilitate the sustainability development process and procedures for us.
Ethics and Integrity
Our behaviour is reflected upon our reputation and goodwill in the countries and communities where we have a presence. We are committed to upholding common core values of ethics, integrity and continuous improvement in the things we do and the manner in which we conduct our business.
Leader Energy has set out a Group Code of Business Conduct that provides clear rules and guidance for internal and external business behaviour and makes clear that the standards of ethics and compliance that all directors, officers and employees are bound to uphold.
Besides, we have also established rules and guidelines to supplement legislation governing how we intend to act as a trusted business partner in social, economic, governance, and environmental matters.
Business and financial performances
Governance
Sustainability
Management Process
To walk the talk, we have curated a Sustainability Management Process for a seamless flow.
We will start with the materiality assessment process that will enable us to focus on and manage what matters most to its business and stakeholder by identifying the material sustainability matters (MSMs).
From each of the MSM identified, we will formulate and embed sustainability objectives in specific business strategies and action plans to address the material risks and opportunities presented to ensure the achievement of our identified sustainable development goals.
Following the formulation of sustainability strategies, appropriate measurable targets will be identified to facilitate the measurement of sustainability performance and determine progress towards meeting the sustainability goals.
To measure our performance, we will prepare and report the sustainability progress and performance on quarterly basis after being listed, based on the sustainability reporting frameworks adopted by us.
Our sustainability reporting will be prepared in accordance with the Main Market Listing Requirements of Bursa Securities, and aligned with Bursa Securities’ Sustainability Reporting Guide (3rd Edition), Global Reporting Initiative Standards and UN SDGs. Adhering to the governance frameworks and reporting procedures under Bursa Securities’ Sustainability Reporting Guide (3rd Edition), we are committed to ensuring the accuracy and transparency of our sustainability statement.
We will continue to monitor and review the MSMs which may change over time, reflecting developments in the operating environment and the changing expectations of stakeholders. Feedbacks gathered from stakeholders together with data and/or information collected will form part of the inputs for future materiality assessment process for identification of MSMs and sustainability strategy considerations.
