To know more about the awards and recognition the Company has earned over the years, please click here.
We recognise our accountability to our stakeholders and our obligation to engage effectively and regularly with them regarding the business’ performance. We regularly engage with our stakeholders to keep track of their concerns, which could change from time to time, and are committed to being well prepared to respond to their changing concerns.
Our formal engagement with our stakeholders include:
More information on our Stakeholder Engagement disclosure can be found on pages 166 to 169 of our FY2021 Integrated Annual Report.
Top Glove conducted a formal and comprehensive materiality assessment to identify critical ESG issues which drive our long term value creation and have a significant impact on the Company's business performance. The assessment, led by the Sustainability Steering Group, was undertaken by an independent third party to ensure objectivity and complete confidentiality. A holistic approach was adopted in conducting the assessment, towards ensuring that identified issues were material to the Company’s performance, enabling us to effectively prioritise and allocate resources to address the issues.
The Rubber Reclaim Project commenced in September 2020 with the aim of reclaiming torn nitrile gloves and turning them into other value added rubber gloves. Through this project, Top Glove researchers have developed rubber gaskets and rubber sealants from torn nitrile.
We manage scheduled waste in compliance with the Malaysian Department of Environment’s (DOE) regulations, where disposal methods include incineration, sanitary landfill, on-site storage, recovery and recycle by DOE certified scheduled waste collectors.
Discharge is treated using chemical treatment and carbon filter, which the quality meets the DOE’s Standard B parameter and is discharged to the drain that flows to Pintu Air Klang.
Please refer to our waste disclosure on Page 98 of our Integrated Annual Report FY2021.
We set a medium term FY2025 target against FY2021 to improve energy efficiency and review its progress at the Sustainability Steering Group level quarterly:
Our energy management initiatives are in various areas such as:
To find out more about our energy efficiency initiatives, please click here.
Yes, the Company addresses and mitigates water risks through a Water Management Plan, which consist of 3 initiatives, namely:
a. Reverse Osmosis Water Treatment Plant (ROTP)
b. Water recycling at every factory
c. Rainwater harvesting
The Company also sets water consumption intensity targets and monitor water consumption progress across all divisions.
Find out more about our water management strategy and progress on page 100 of our Integrity Annual Report 2021.
To reduce carbon emissions, we have invested in solar power systems since 2020. Efforts to install solar power panels on our factories’ rooftops are ongoing. As of FY2021, we have 7 factories in Selangor are installed with solar power system, with capacity of 5.34MWp.
We have implemented a Smart Energy Monitoring System (SEMS) to closely monitor our energy usage and identify any wastage. The SEMS enables our engineers to monitor real time data of energy consumption and understand energy trends of our factories through the analysis of data from monthly reports generated by the system. It allows for any abnormalities to be identified and rectified quickly and efficiently. This ultimately enables Top Glove to identify the energy distribution in the factories and create awareness among the workforce in the factories to eliminate unwanted carbon emission due to wastage.
We target to reduce our carbon emission intensity by 25% by FY2025 against the base year FY2021, and achieve carbon neutral at our water treatment plants and office premises and warehouses by FY2022 and FY2025 respectively.
We conduct an internal audit at least once a year, and we ensure that all internal auditors are competent to conduct the audits. External audits are also conducted once a year by independent certification bodies, such as SIRIM, to ensure environmental compliance.
For more information on this, please refer to our Environmental Governance.
While exploring and working towards setting a net zero carbon target, we have set FY2025 medium term targets on eco efficiency and responsible consumption against FY2021 Key Medium Term ESG Targets
We are committed to integrating the Task Force on Climate-related Financial Disclosure (TCFD) framework into our climate risk management and reporting. This involves incorporating additional climate change-related risks into the Company’s Risk Management Framework, besides risks identified earlier such as flood risk and water risk.
We know environmental transparency is vital for a sustainable future. We disclose our climate change and water security impacts through CDP, a global non-profit that runs the world’s leading environmental disclosure platform.
Our environmental data is also available on our corporate website and sustainability reporting in the Integrated Annual Report FY2021 (page 95 to 107).
We are committed to ensure sustainable supply chain. Currently we are working to improve supply chain traceability and we will be sharing more when we have more progress in this initiative.
Our existing initiatives in ensuring a sustainable supply chain include:
Yes, guided by Top Glove’s Environmental Policy, we are committed to reducing adverse impact to the environment and the community by reducing the environmental footprint in our operations including distribution and logistics, business facilities, and the supply chain.
Top Glove has strengthened its processes to meet international best labour practices (guided by Business Social Compliance Initiative, BSCI, Sedex Members Ethical Trade Audit, SMETA & International Labour Organization ILO indicators).
Continuous Improvement in Workers’ Accommodation: https://www.topglove.com/App_ClientFile/7ff8cb3f-fbf6-42e7-81da-6db6a0ab2ef4/Assets/sustainability/Continuous%20Improvement_v2.pdf
ESG issues, including labour rights, health and safety are oversight by the Board Risk Committee and Board Sustainability Committee, which are chaired by Independent Directors, and where Independent Directors consist a majority of committee members.
Focusing on the welfare and wellbeing of workers, Top Glove’s Independent Directors engage with workers quarterly to listen to the feedback and issues of workers so that they could offer assistance as and where needed.
The 1st Engagement Session between Top Glove’s Independent Directors and Foreign Workers’ Representatives, with the presence of the management, took place on 9 March 2021, with six worker representatives of two different nationalities, Nepalese and Bangladeshi.
Various worker related issues are discussed during these quarterly engagement sessions, which include accommodation; grievance procedures and complaints processes; awareness of workplace bullying and sexual harassment; as well as COVID19 vaccination, and the Company’s efforts towards vaccinating the entire workforce.
To read more about the role Independent Directors play in addressing labour issues, please click here.
We request our suppliers to adhere to the Business Partners’ Code of Conduct, which articulate our expectation of our suppliers in terms of ESG practices. Critical suppliers are required to be assessed on social and environmental criteria during suppliers audit.
We conduct Supplier Performance Assessment every 6 months to monitor suppliers' performance in terms of Quality. We also evaluate raw materials to ensure it meets our requirement & specification. All deliveries by suppliers will come with COA and SDS (Safety Data Sheet) attached together with the raw material/product supplied.
From FY2017 to FY2020, there were no incidents of non-compliance with regulations concerning product safety & quality (Disclosed in the Integrated Annual Report 2020, Page 110). https://www.topglove.com/App_ClientFile/7ff8cb3f-fbf6-42e7-81da-6db6a0ab2ef4/Assets/anual_report/Integrated%20Annual%20Report%202020_Latest.pdf
Yes. We comply with ISO 9001. (Integrated Annual Report 2020, Page 11). As at FY2020, 11% of our factories are certified with ISO 9001. We are targeting to certify another 25% factories this year and to achieve 100% certification by Q3 2022.