Top Glove Corporation Bhd

(Company No. 199801018294 [474423-X])

Top Glove Media Contact:

Michelle Voon
[email protected]
+603-3362 3098 Ext 2228
+6016 668 8336

Investor Contact:

Mabel Tan
[email protected]
+603-3362 3098 Ext 2260
​​​​​​​+6012 355 8666

PRESS RELEASE

For Immediate Release

TOP GLOVE NOTCHES ANOTHER FIRST WITH INCLUSION IN THE S&P GLOBAL SUSTAINABILITY YEARBOOK 2022

The world’s largest manufacturer of gloves makes its debut in prestigious Sustainability Yearbook 2022 with an Industry Mover distinction.

Shah Alam, Wednesday 2 February 2022 With an enhanced and even stronger commitment to Environmental, Social and Governance, "ESG", Top Glove is pleased to announce its first ever inclusion with an Industry Mover distinction in The Sustainability Yearbook 2022 by S&P Global. The Company is one of 53 Industry Movers in the 2022 Yearbook.

The annual Yearbook is one of the world s most comprehensive publications providing in depth analysis on corporate sustainability. It is based on companies across various industries assessed in the S&P Global Corporate Sustainability Assessments, CSA”, which is the basis for the S&P Global ESG Score The ESG Score is also the basis for inclusion in the Dow Jones Sustainability Indices, "DJSI".

Companies within the top 15 per cent of each industry that participated in the CSA last year and this year, that achieved an improvement in their S&P Global ESG Score of at least 5 per cent and accomplished the strongest improvement in their industry, are awarded an Industry Mover Sustainability Award. Top Glove was named among the top 10 per cent in the Health Care Equipment Supplies industry category globally in the CSA as at the score date of 12 November 2021; a commendable increase from the previous year when it stood among the top 19 per cent of its peers.

Dato’ Lee Kim Meow, Managing Director of Top Glove, said: “We are immensely proud of this achievement; a testament to the effectiveness of our ongoing efforts to be a force for good in our industry and the communities in which we operate. We have always believed in doing good, so that we may continue doing well. We see the Company’s inclusion in the Sustainability Yearbook 2022 by S&P Global as a significant milestone in Top Glove’s journey towards becoming a leading voice in the healthcare manufacturing industry in terms of ESG.”

In November 2021, Top Glove was announced as one of three Malaysian companies to be included on the prestigious 2021 DJSI, under the Emerging Markets category, marking its third year running on the Index. It is also the only Malaysian healthcare manufacturing company, and one of three healthcare industry companies to be included on the 2021 DJSI under the Emerging Markets category.

Manjit Jus, Managing Director, Global Head of ESG Research, S&P Global, said: “We congratulate Top Glove on its Industry Mover Award in The Sustainability Yearbook 2022 which showcases the best performing companies among industry peers and in terms of financially material ESG metrics. With over 7,000 companies assessed, an inclusion in the Yearbook is a true statement of corporate sustainability excellence.”

To be listed in the Yearbook, companies must be within the top 15 per cent of their industry and achieve a score within 30 per cent of their industry’s top performing companies As a result of these stringent criterion, only 716 companies across 61 industries were successfully listed in the 2022 Yearbook.

For more information on Top Glove: https://www.topglove.com/home

 

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About Top Glove Corporation Bhd

Top Glove Corporation Bhd is listed on the Bursa Malaysia Stock Exchange Main Board and Singapore Exchange Mainboard. It is also one of the component stocks of the MSCI Global Standard Index, FTSE Bursa Malaysia KLCI Index, FBM Top 100 Index, FBM Emas Index, FBM Hijrah Syariah Index, FBM Emas Syariah Index and the Dow Jones Sustainability Indices (DJSI) for Emerging Markets. A Forbes Global 2000 company, Top Glove is currently the world’s largest manufacturer of gloves with an established corporate culture and good business direction of producing consistently high quality, cost efficient gloves. Top Glove has over 2,000 customers worldwide and exports to more than 195 countries.

 

Summary of key information:

 

 

As at 2 February 2022

Number of Factories

48 factories (41 in Malaysia, 5 in Thailand, 1 in China and 1 in Vietnam) comprising:

·         37 glove factories

·         2 latex concentrate plants

·         3 chemical factories

·         1 glove former factory

·         2 packaging material factories

·         1 dental dam factory

·         1 condom factory

·         1 face mask factory

Number of Marketing Offices

7 (Malaysia, USA, Germany, Brazil, China, Thailand, and Vietnam)

Number of Glove Production Lines

812

Glove Production Capacity

100 billion pieces per annum

Number of Employees

22,000