Sustainability at Awantec
Doing Well by Doing Good
Awantec is committed to not only operating sustainably, but to promote sustainability as an integral part of our businesses as well. This is to fulfil our fiduciary duty as public listed company and our calling as an advocate of Technology and Talent to progress with purpose, through Doing Well by Doing Good in positively impacting our people, environment, customers, economy, and ultimately society at large 一 leading Malaysia towards the digital economy and beyond.
The Edge ESG
Awards 2022
silver
A Member of FTSE4Good Bursa Malaysia Index
since 2014​
BMI VISA Sustainable
Brand Award 2021
winner
RM7,410
given back to the
community
Employee Average
Training Hours
67.2
Full Integration of Task Force onClimte-related Financial Disclosure
Our Focused Agendas
Principle 1
Sustainable Lifelong Learning Environment
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Digital Competencies​
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Employment
Principle 2
Stakeholder Engagement and Disclosure
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Digitalisation​
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Customers Satisfaction
Principle 3
Commitment to Corporate Responsibilities
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Carbon-emission​
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Climate change
Principle 4
Engaging Workplace
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Development
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Diversity
Principle 5
Governance to Drive Compliance and Best Practices
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Anti-Bribery​
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Good-Governance
Our efforts are guided by five (5) Sustainability Principles within our Sustainability Policy, which are aligned with the four themes under the Environmental, Social and Governance (ESG) pillars:
Climate Change, Human Rights and Community, Labour Standards and Corporate Governance.
Environmental
Green ICT Practice
Leveraging on Green ICT Practices to minimise negative impact of IT and business operations, by reducing carbon emissions and building resilience to Climate Change.
Social
Employment, Diversity, Career Development
Addressing Human Rights to education and Employment, as well as empowering local Communities and their economy via digitalisation and digital competencies.
Innovation, Customer Satisfaction, Ethics & Integrity
Capitalising on Innovations to drive high level of Customer Satisfaction, by maintaining high standards of Corporate Governance, Ethics and Integrity.
These focus agendas of ours, are in line with the following five (5) United Nation Sustainable Development Goals (UNSDGs):
Ensure healthy lives and promote well-being for all at all ages
Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all
Achieve gender equality and empower all women and girls
Ensure availability and sustainable management of water and sanitation for all
Ensure access to affordable, reliable, sustainable and modern energy for all
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
Reduce inequality within and among countries
Ensure sustainable consumption and production patterns
Take urgent action to combat climate change and its impacts
Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels
Awantec’s Climate Change Initiatives and Projects
At Awantec, we understand the urgency of addressing climate change and its impact on our environment and society. We believe that as a sustainable and responsible company, we have a role to play in reducing our carbon footprint and alleviating or avoiding the adverse impacts of greenhouse gases to make a positive difference in our environment and communities. Therefore, we are committed to align our action and disclosure as per recommendations of the Task Force on Climate-related Financial Disclosure (TCFD) in our annual report.
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To fulfil our commitment in addressing climate change, we have embarked on the following initiatives:
Measuring and Reporting Carbon Footprint
As a supporter of TCFD and in line with the Paris Agreement's objective of limiting global warming to well below 2°C, we track and report our carbon consumption across all areas of our operations to identify where we can reduce, avoid the impact or improve our efficiency to set targets for reducing our emissions. By FY2023, Awantec further reinforces the practice by setting ambitious, science-based targets linked to each department's climate-related key performance indicators (KPIs).
Assessing Climate-Related Risks
We conduct a thorough climate change risk assessment based on a 2 degree scenario. This helps us identify risks across various aspects, including operations, expenses, investments, and debt for business and financial planning to remain resilient.
Setting Sustainability Goals
We have set sustainability goals that cover climate change, labour standards, human rights, community engagement, and corporate governance. By striving for sustainability, we aim to create a better future for everyone.
Implementing Decarbonization Strategies
To reduce our greenhouse gas emissions , we have developed specific strategies to decarbonize our operations. Through targeted programs and initiatives, we are working towards progressively reducing our carbon footprint and contributing to a cleaner, healthier world.
At Awantec, we are committed to making a difference in the fight against climate change.
Together, we can create a more sustainable world for generations to come.
Our Sustainability Governance
Our sustainability governance structure is established to represent and assist the Board of Directors (BOD) in meeting its fiduciary duty to oversee that ESG concerns are properly addressed in Awantec’s business strategy, risk and capital allocation.
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Each member of the governance has specified roles and responsibilities in the development and implementation of sustainability initiatives, which then will be communicated to all employees in delivering genuine results and impacts.
Sustainability Governance Structure
At Awantec, sustainability is not just a buzzword, but a shared responsibility across all levels of the organisation. Every employee is accountable for their contribution to sustainability efforts, and ESG-related KPIs are set to measure and monitor their performance.
The Board of Directors is responsible for ensuring that the Group's strategic plan supports long-term value creation with consideration for Environmental, Social, and Governance factors. The plan is then translated into specific parameters that encompass ESG performance, including the management of climate change risks, for both the CEO and COO. The compensation and benefits of these top executives are tied to their performance in meeting these parameters, ensuring that their decisions are aligned with the Group's sustainability commitments.
The sustainability efforts at Awantec are further decentralised to the Management Committees, Heads of Departments, and all employees, with Group-mandated ESG parameters integrated into their KPIs. These parameters account for a fixed 10% of each individual's KPI and directly impact their compensation and incentives. This incentivises all employees to actively contribute to the company's sustainability efforts, ensuring that sustainability remains a top priority for the Group as we collectively work towards achieving our sustainability goals.
