SUSTAINABILITY
STATEMENT
Letter from Management
Sustainability is a key outlook in everything we do at
SAM Engineering & Equipment Berhad (“SAMEE”). We
proudly present our sixth annual Sustainability Statement
(“Statement”) for the financial year ending 31 March 2023
(“FY2023”).
SAMEE strongly believes that to perform our business
sustainably, the commitment and involvement on both
internal and external stakeholders are of the utmost
importance. We worked together in harmony with each of
our stakeholders to achieve our business goals and ensure
that we contribute positively to sustainability in terms of
the economy, environment and social agenda that we live
in today and for the betterment of future generations.
We revised our Quality Policy to emphasise Human Factors
in our pursuit of sustainability, creating an open reporting
culture and continuous improvement in health, safety,
productivity and product safety. Independent audits are
conducted annually to ensure the effectiveness of policies
and work procedures across all the sites. We embrace
the mindset that “Quality Is Everyone’s Responsibility,”
promoted through a top-down Quality Campaign and
orientation module for new hires. These actions drive our
commitment to sustainability, maintaining high-quality
standards and are complemented by our Quality Incentive
Scheme that rewards employees.
This Statement reflects our great journey and commitment
to creating sustainable value for all our stakeholders and
reports on the progress of our initiatives on Economic,
Environmental, Social and Governance (“EESG”) during
FY2023. The Statement also shows how SAMEE will
strive to deliver long-term and responsible value to our
shareholders and stakeholders.
The Malaysian sustainability reporting ecosystem has
developed significantly over the past ten years, going from
a mostly incipient stage to one where all listed issuers are
engaged in sustainability-related activities and statements.
Due to this circumstance, we prepared the Statement in
compliance with the Main Market Listing Requirements
of Bursa Malaysia Securities Bhd (“Bursa Securities”), with
reference to the third edition of the published Sustainability
Reporting Guide.
As SAMEE always strives to go above and beyond, we
make use of the United Nations’ Sustainable Development
Goals (“SDG”), Global Reporting Initiatives (“GRI”)
Standards and follow international best practices for
sustainability frameworks, standards and guidelines to do
our sustainability practices and reporting more meaningful
and pertinent. We envisioned to follow the Task Force
on Climate-related Financial Disclosures (“TCFD”) in
the upcoming reporting cycle in order to position our
organisation better in facing the risks posed by climate
change
About the Statement
This Statement covers the sustainability performance of SAMEE and its Group of companies during the financial year ended
31 March 2023. The scope will cover the business operations of SAMEE in Malaysia, Singapore and Thailand.
Our Sustainability framework and standards are in accordance with the following guidance and framework of Bursa
Securities Sustainability Listing Requirements and Bursa Securities’ Sustainability Reporting Guide 3rd edition. We adopt
the international practices, the Global Reporting Initiative (“GRI”) Standards 2021 and United Nations’ Sustainable
Development Goals (“UN SDGs”) to facilitate our sustainability disclosure. We recognise the importance of aligning with
the TCFD recommendations and are actively working towards integrating them into our sustainability framework, as part of
our ongoing commitment to enhancing our climate risk assessment and disclosure practices.
SUSTAINABILITY
STATEMENT
Letter from Management
Sustainability is a key outlook in everything we do at
SAM Engineering & Equipment Berhad (“SAMEE”). We
proudly present our sixth annual Sustainability Statement
(“Statement”) for the financial year ending 31 March 2023
(“FY2023”).
SAMEE strongly believes that to perform our business
sustainably, the commitment and involvement on both
internal and external stakeholders are of the utmost
importance. We worked together in harmony with each of
our stakeholders to achieve our business goals and ensure
that we contribute positively to sustainability in terms of
the economy, environment and social agenda that we live
in today and for the betterment of future generations.
We revised our Quality Policy to emphasise Human Factors
in our pursuit of sustainability, creating an open reporting
culture and continuous improvement in health, safety,
productivity and product safety. Independent audits are
conducted annually to ensure the effectiveness of policies
and work procedures across all the sites. We embrace
the mindset that “Quality Is Everyone’s Responsibility,”
promoted through a top-down Quality Campaign and
orientation module for new hires. These actions drive our
commitment to sustainability, maintaining high-quality
standards and are complemented by our Quality Incentive
Scheme that rewards employees.
This Statement reflects our great journey and commitment
to creating sustainable value for all our stakeholders and
reports on the progress of our initiatives on Economic,
Environmental, Social and Governance (“EESG”) during
FY2023. The Statement also shows how SAMEE will
strive to deliver long-term and responsible value to our
shareholders and stakeholders.
The Malaysian sustainability reporting ecosystem has
developed significantly over the past ten years, going from
a mostly incipient stage to one where all listed issuers are
engaged in sustainability-related activities and statements.
Due to this circumstance, we prepared the Statement in
compliance with the Main Market Listing Requirements
of Bursa Malaysia Securities Bhd (“Bursa Securities”), with
reference to the third edition of the published Sustainability
Reporting Guide.
As SAMEE always strives to go above and beyond, we
make use of the United Nations’ Sustainable Development
Goals (“SDG”), Global Reporting Initiatives (“GRI”)
Standards and follow international best practices for
sustainability frameworks, standards and guidelines to do
our sustainability practices and reporting more meaningful
and pertinent. We envisioned to follow the Task Force
on Climate-related Financial Disclosures (“TCFD”) in
the upcoming reporting cycle in order to position our
organisation better in facing the risks posed by climate
change
About the Statement
This Statement covers the sustainability performance of SAMEE and its Group of companies during the financial year ended
31 March 2023. The scope will cover the business operations of SAMEE in Malaysia, Singapore and Thailand.
Our Sustainability framework and standards are in accordance with the following guidance and framework of Bursa
Securities Sustainability Listing Requirements and Bursa Securities’ Sustainability Reporting Guide 3rd edition. We adopt
the international practices, the Global Reporting Initiative (“GRI”) Standards 2021 and United Nations’ Sustainable
Development Goals (“UN SDGs”) to facilitate our sustainability disclosure. We recognise the importance of aligning with
the TCFD recommendations and are actively working towards integrating them into our sustainability framework, as part of
our ongoing commitment to enhancing our climate risk assessment and disclosure practices.
OUR FOCUS
ON SUSTAINABILITY
SAMEE is committed to conducting its businesses with the long-term view of achieving sustainable benefits for itself and
its stakeholders. Hence, we are constantly monitoring, learning, deliberating and preparing to thrive on the industry trends,
operating challenges and stakeholder expectations to produce long-term value for the Group’s shareholders, stakeholders
and the community around us.
Sustainability Milestones
SAMEE has made significant progress in its sustainability journey over the past few years. SAMEE has set ambitious goals
for FY2023, encompassing several key milestones. Our target over the next 3 years was to reduce 10% of GHG emissions
intensity each year. The Company has launched several new initiatives to enhance our EESG performance, including the
Water Management Plan, rainwater harvesting, operational reduction, solar panel installation, carpooling system, recycling
programmes and operational sustainability via our newly added Zirconium line for our Thailand operation. SAMEE also
focuses on improving and advancing our employees and their safety by implementing new policies, such as the Restriction
of Hazardous Substance (“RoHs”) Policy and the Employment Policy. We experienced significant growth in our sustainability
efforts and EESG milestones in FY2023 and we will continue to prioritise our commitment to sustainability and EESG as we
grow and innovate.
2015
Sustainability
Policy in the
Group’s
corporate
strategies
2016
Strategies to
promote
sustainability
2017
Our first
Sustainability
Report which
address
pillars of
Economic,
Environment
and Social
(“EES”) and
its initiative
2018
Covered 15
material
topics for
sustainability
2019
Sustainability
Governance
Structure
and
alignment
towards
UN SDGs
2020
Emphasise
on
Environment
al Social &
Governance
as well as
UN SDGs
2021
Sustaining
ESG and
UN SGDs
agenda
during
pandemic
COVID-19
COVID-19
2022
Enhancing
sustainability
material to
16 topics
2023
Target to
reduce 10%
of GHG
emissions
intensity per
year in the
next 3 years
Figure 1: Sustainability Milestones
Over the years, our organisation has established a sustainability policy, put governance structures in place and aligned our
efforts with the UN SDGs making tremendous progress in our sustainable framework. SAMEE is well-positioned to continue
contributing favourably to sustainability initiatives in the future by concentrating on EESG concerns and improving its
sustainability content. Currently, we express our values explicitly through our inclusion of the sustainability journey within
the EESG framework.
CONTENTS
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