Update on Our FTSE ESG Ratings

SSB - Gold Winner of the EDGE ESG Award 2024

Ethics and Integrity 

Due Diligence

The Group conducts due diligence for potential vendors/contractors and employees prior to further engagement. We use the Malaysian Anti-Corruption Commission’s Corruption (MACC) Offender Database as key reference to check if the directors of the potential vendors/contractors have any record of bribery and corruption.  We also engage third-party service providers to perform background check on the potential employee prior to issuing employment letter.

Note :

1)      CCRIS = Credit Report Agency and Central Credit Reference Information System report

2)      MACC Offender Database = Malaysian Anti-Corruption Commission’s (MACC) Corruption Offender Database

3)      Both CCRIS and MACC Offender database are limited to shareholfers and company directors who are Malaysian. 

Risk Management

We have a process for all employees to declare on compliance with the company's Code of Conduct policy and HR will review the results and identify any instances of non-compliance for further action.

Response to Climate Change

The Grid Electricity Emission Factor (“GEF”) used for our report is tabulated as below:

The Group has full operational control over all the upstream and downstream companies. The GHG emissions of The Group are summarised in the table below:

We are currently looking at expanding our Scope 3 emissions to encompass more categories which are material to us. The breakdown of our scope 3 emissions is shown below:

Water Security

The Group has further breakdown our water withdrawal, consumption and discharge by location, sources and destination.

Waste Management

Scheduled Waste Disposal

The steel making plant of SSB generates EAF dust, a co-product under the classification of Scheduled Wastes Code, SW104. EAF dust has a high zinc compound which can be recovered. SSB has collaborated and developed a local licensed recycler, which is nearby to us to recycle the EAF dust and extract valuable zinc compound which is then processed into zinc ingot for industrial application. The flow of zinc-containing EAF dust from steelmaking to the zinc recovery industry, and back to the steel industry, creates an industrial ecology of zinc and steel.

Our Performance in Waste Management

The Group's Waste Disposal

Safety & Health

Training

The Group prioritises training as a tool to drive safety and health excellence.

Our Performance

The Group’s LTIR target is as below:

The chart below shows the Group's LTIR performance, encompassing 100% of operating companies (sites) and including both employees and contractors:

Community

Alignment of Community Investment Focus Areas to Business Strategies

The Group's community investment is governed by its policy statements, which are aligned with and reinforce the Group's business strategies. This connection between policy statements, business strategies, and community investment ensures that the Group's actions are consistent with its overall direction, objectives, and values.

The Group's ESG KPI and Target - Environmental and Social - Revised