SUSTAINABILITY REPORT
About this Report
This Sustainability Report (“Report”)
reflects Greatech Technology Berhad
(“Greatech” or “Company”) and its
subsidiaries’ (“the Group”, “we”,
or “our”) efforts and performance
in managing its material economic,
environmental and social risks and
opportunities, in the manner prescribed
by Main Market Listing Requirements
(“MMLR”) of Bursa Malaysia Securities
Berhad (“Bursa Securities”).
Reporting Framework
This Report is prepared in compliance with the MMLR and aligns with key global reporting standards and frameworks:
- In accordance with Global Reporting Initiative (“GRI”) Standards 2021
- Bursa Malaysia Sustainability Reporting Guide and Toolkits (3rd Edition)
- United Nations Sustainable Development Goals (“UNSDGs”)
- FTSE4Good Bursa Malaysia (“F4GBM”) Index & FTSE4Good Bursa Malaysia Shariah (“F4GBMS”) Index
- Sustainability Accounting Standards Board (“SASB”) – Industrial Machinery & Goods
- International Sustainability Standards Board (“ISSB”) Standards, namely ISSB IFRS S1 (General Requirements for Disclosure of Sustainability-related Financial Information) and ISSB IFRS S2 (Climate-related Disclosures), with a primary focus on ISSB S2 for the current reporting year
In addition to this Report, the Company provide comprehensive details on various aspects of our sustainability program
throughout the Annual Report and Corporate Governance Report, which outline our approach to governance, risk management
and sustainability initiatives.
Reporting Scope and Boundaries
Greatech reports its sustainability performance annually. This Report covers the sustainability performance of Greatech and
its key operating subsidiaries in Malaysia, Ireland, United States (“US”) and Singapore for the period 1 January 2025 to 31
December 2025 (“FY2025”, “the year”, or “Reporting Period”), aligning with the reporting period of the Group’s consolidated
financial statements. We have consolidated the sustainability performance data of Greatech Mechatronics (Slovakia) s.r.o.,
which was acquired on 1 April 2025. Environmental and social metrics for this entity (including Scope 1, Scope 2 and Scope 3
emissions) are reported for the nine-month period from the date of acquisition to 31 December 2025.
We continue to exclude two foreign subsidiaries from our detailed performance data sets. These entities function primarily as
design/representative offices with insignificant manufacturing activities and negligible environmental impact. They are deemed
immaterial as they collectively represent less than 5% of the Group’s total consolidated revenue, employee headcount and
occupied floor space.
The following table clarifies the differences between our financial and sustainability reporting boundaries:
The complete list of the subsidiaries is included in Note 7 of the financial statements.
Where applicable, historical data is presented to track progress and to provide context. However, in line with ISSB transition
reliefs, comparative information for certain climate-related disclosures has been omitted. This report highlights our approach
to addressing key sustainability matters that impact our business and our ability to create long-term value for all stakeholders.
During the year, the Group refines its Scope 2 emissions methodology to align with IFRS S2, excluding zero-emission solar
electricity. Accordingly, prior year Scope 2 emissions have been restated to reflect this change. The impact is not material and
does not affect previously reported financial information.
Feedback
We welcome and encourage stakeholders to share their feedback on this Report and our sustainability practices and initiatives.
Please reach out to us via our website: https://greatech-group.com/en/contact/
Certification by Site
Assurance Statement
In strengthening the credibility of this Report, data for each corresponding material topic has undergone review by our internal
auditors to ensure key information disclosed is free from any material error or omission. After a preliminary review by the Audit
and Risk Management Committee (“ARMC”), the Board of Directors (“Board”) reviewed and approved the Report. The Board
will continue to assess the appropriateness and timing of independent assurance as part of its ongoing efforts to strengthen
sustainability reporting.
SUSTAINABILITY AT GREATECH
Our Approach to Sustainability
Greatech recognises the responsibility and opportunity to contribute to a sustainable future. Our strategy goes beyond financial
performance, focusing on creating lasting value for stakeholders while addressing pressing environmental and social challenges.
We believe long-term success is intertwined with responsible stewardship of the planet, its resources and the communities we
serve.
We embed sustainability at the core of our operations, supporting the transition to a low-carbon economy and implementing
initiatives that enhance resilience across industries. By leading through example, Greatech develops innovative solutions that
address today’s challenges and anticipates tomorrow’s opportunities.
Since 2019, our sustainability framework has been guided by three pillars: People, Planet and Profit. These pillars shape our
strategy, action plans and progress monitoring, supported by strong governance, clear policies and robust processes.
PEOPLE
Fostering a safe, inclusive and empowering workplace where talent can thrive
PLANET
Minimising environmental impact, supporting the green transition and responsibly managing resources
PROFIT
Ensuring financial sustainability to fund sustainable products, community initiatives and employee well-being
STRONG GOVERNANCE, CLEAR POLICIES AND ROBUST PROCESSES
Through this integrated approach, Greatech aligns purpose with performance, ensuring the sustainability drives innovation, strengthen resilience and create long-term value for all stakeholders.
Materiality Analysis and Stakeholder Engagement
Greatech’s sustainability materiality analysis underpins our Environmental, Social and Governance (“ESG”) strategy, enabling the
identification of key risks, opportunities and areas where we can make the most meaningful impact. This process is reviewed and
updated annually to maintain alignment with global standards and evolving stakeholder priorities.
Alignment with UNSDGs
Greatech is also committed to support the UNSDGs. Therefore, we have identified eight (8) Sustainability Goals which we
believe are most relevant to our business and where we can contribute to the Economic, Environmental and Social (“EES”)
sustainability in Malaysia.
The table below provides an overview of the Sustainability Goals adopted by Greatech in measuring our sustainability
performance and it has been categorised according to the EES pillars:
Sustainability Governance
The Sustainability Working Group (“SWG”) monitors and evaluates sustainability activities and performance. The relevant functions implement sustainability initiatives.
Greatech’s Board, chaired by an independent non-executive
director and supported by its Board Committees, provides
oversight of the Group’s sustainability strategy and
performance, ensuring that ESG responsibilities are clearly
defined and embedded across the organisation. The Board
recognises that integration of sustainability into business
strategy is fundamental to long-term value creation,
resilience and stakeholder trust.
Ultimate accountability for sustainability governance
rests with the Group Chief Executive Officer (“CEO”) and
executive management. The CEO chairs SWG and leads the
integration of sustainability considerations into the Group’s
strategic planning and operational decision-making. To
strengthen management-level accountability and execution,
the Board has designated the Group Chief Financial Officer
(“CFO”) to oversee the coordination and implementation
of sustainability initiatives across the organisation, with a
focus on responsible business practices, environmental
stewardship and social responsibility.
Functional heads are accountable for setting internal
sustainability targets, implementing action plans and
monitoring performance within their respective areas. The
SWG, comprising subject-matter experts and representatives
from key functions, facilitates cross-functional collaboration,
monitors progress against internal targets and promotes
the sharing of best practices to advance the Group’s
sustainability objectives.
Critical concerns relating to sustainability matters are first
evaluated at the operational level before being progressively
escalated to Management and where material, to the
relevant Board Committees and the Board for further review
and oversight.
The Board receives updates on critical concerns through
scheduled Board and Committee meetings quarterly, as well
as on an ad hoc basis where urgent escalation is required. This
ensures that the Board remains informed in a timely manner
and is able to provide strategic guidance, approve necessary
actions and oversee the effectiveness management of such
concern across the Group.
As part of the annual business strategy and budget review,
the Board reviews and approves the sustainability strategy
proposed by executive management. During the year, the
Board and its Committees receive structured and periodic
updates on key sustainability-related matters, including
ESG performance, enterprise risk management (“ERM”),
decarbonisation initiatives, human capital development,
corporate governance, ESG ratings and sustainability-related
disclosures. These reporting processes enable the Board to
assess progress, challenge management where necessary,
and ensure alignment with the Group’s long-term strategic
objectives.
The nature of ESG decision-making at the Board level includes providing strategic direction on sustainability priorities, reviewing
and approving material policies and disclosures, endorsing climate-related strategies and overseeing the implementation and
effectiveness of risk mitigation measures.
The Board has also established formal processes to prevent and mitigate conflicts of interest, ensuring that decisions are made
in the best interests of the Group. All Directors are required to make periodic declarations of their interests, including any direct
or indirect financial, business or personal relationships that give rise to actual or potential conflicts. These declarations are
reviewed and recorded by the Company Secretary and tabled to the Board.
Where a conflict or potential conflict is identified, the affected Director is required to abstain from deliberations and decision
making on the relevant matter. The Board Charter and Code of Conduct & Ethics (“Code”) further set out clear expectations on
ethical behaviour, independence and integrity, including guidelines on related party transactions (“RPT”), gifts and hospitality.
In addition, any RPT are subject to established review and approval procedures, including oversight by the relevant Board
Committees, to ensure they are conducted on an arm’s length basis and in compliance with applicable regulatory requirements.
The Board is responsible for approving the annual statutory Sustainability Report, supported by regular updates on sustainability
performance throughout the year. Both the Board and the ARMC are kept informed of developments in sustainability-related
regulations and standards, including the National Sustainability Reporting Framework (“NSRF”) and the IFRS Sustainability
Disclosure Standards issued by the ISSB. During the year, the Board and the ARMC actively monitored the Group’s readiness for
NSRF adoption to ensure timely and effective compliance. There were no instances of non-compliance with applicable laws and
regulations, and no fines or penalties were incurred across all environmental and socioeconomic areas during the reporting year.
ESG Performance Data Table
Prescribed Table
APPENDIX 1 – GRI CONTENT INDEX
×
![]()