Our Approach to Sustainability
Sustainability Governance Structure
Our structured governance framework ensures that sustainability is integrated across all levels of our organization. Through strong leadership and clear accountability, we establish policies and practices that align with global standards and drive long-term sustainability goals.
United Nations Sustainable Development Goals
We support and align our sustainability initiatives with the United Nations Sustainable Development Goals (UN SDGs), contributing to global efforts in addressing climate change, promoting clean energy, responsible consumption, and fostering inclusive economic growth.
Sustainability Governance Structure
Genetec’s sustainability governance is driven by a clear structure that aligns ESG strategies with business objectives. The Board and Sustainability Steering Committee oversee the implementation of sustainable practices, ensuring accountability, transparency, and long-term impact across operations.
Materiality Analysis
We conduct materiality assessments to identify and prioritize key ESG issues that impact our business and stakeholders. This process allows us to focus on critical areas such as environmental protection, ethical business practices, and social responsibility, ensuring that our efforts align with stakeholder expectations.
01.
Topic Review
Reviewed material topics based on industry benchmarking, external reports and sustainability-related questionnaires requested by investors.
02.
Topic Identification & Prioritisation
Senior management workshop to identify and prioritise material issues for Genetec and our stakeholders
03.
Stakeholder Consultation
Tested and revised topic inclusion and prioritization after consulting four external stakeholder from financial institutions.
04.
Finalisation & Approval
Consulted with senior management to finalise and approve the matrix
Our Targets and Progress
Setting ambitious yet achievable sustainability targets is important to our approach. We continuously track our progress in relevant areas such as energy efficiency, waste reduction, carbon emissions, and resource optimization to ensure that we are making a measurable impact towards a sustainable future.
Stakeholder Engagement
Collaboration is key to our sustainability journey. We engage with employees, customers, suppliers, regulatory bodies, and communities to foster transparent communication and drive collective action toward sustainable development. By working together, we can create innovative solutions that benefit both business and society.
Our Targets And Progress
Setting ambitious yet achievable sustainability targets is important to our approach. We continuously track our progress in relevant areas such as energy efficiency, waste reduction, carbon emissions, and resource optimization to ensure that we are making a measurable impact towards a sustainable future.
Stakeholder Engagement
Collaboration is key to our sustainability journey. We engage with employees, customers, suppliers, regulatory bodies, and communities to foster transparent communication and drive collective action toward sustainable development. By working together, we can create innovative solutions that benefit both business and society.
Inaugural Sustainability Day
We hosted our inaugural Sustainability event at our EPIC site, bringing together over 100 employees from all departments. The sessions helped raise awareness of our ESG priorities and clarified the role each employee plays in supporting the company’s long-term sustainability objectives.
Sustainability Governance Structure
A framework outlining roles, responsibilities, and decision-making processes to ensure sustainability is integrated into corporate strategy and operations, promoting accountability at all organizational levels.
Materiality Analysis
A process to identify and prioritize environmental, social, and governance (ESG) issues that are most relevant to the business and its stakeholders, guiding sustainability focus and reporting.
United Nations Sustainable Development Goals
A global framework of 17 goals adopted by the UN to address social, environmental, and economic challenges, guiding businesses toward responsible and inclusive growth.
Our Targets and Progress
Specific sustainability goals set by the organization, along with measurable progress updates, demonstrating commitment to continuous improvement and transparency in ESG performance.
Stakeholder Engagement
Ongoing dialogue with individuals or groups affected by or interested in the company’s activities, ensuring their insights shape sustainability strategies and foster mutual trust.
we are FTSE4Good certified Company
FTSE Russell (the trading name of FTSE International Limited and Frank Russell Company) confirms that Genetec Technology Berhad has been independently assessed according to the FTSE4Good criteria, and has satisfied the requirements to become a constituent of the FTSE4Good Index Series. Created by the global index provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.
we are FTSE4Good certified Company
FTSE Russell (the trading name of FTSE International Limited and Frank Russell Company) confirms that Genetec Technology Berhad has been independently assessed according to the FTSE4Good criteria, and has satisfied the requirements to become a constituent of the FTSE4Good Index Series. Created by the global index provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.
