Our Sustainability Framework
Our Materiality Assessment
Our materiality assessment is guided by the Bursa Malaysia’s Sustainability Reporting Guide (2nd Edition), GRI Framework, <IR> Framework and SASB materiality map. We assess materiality based on two dimensions: a) The impact to Salcon and b) The importance to key stakeholders.
Our Materiality Matrix
Our Sustainability Initiatives
OUR Global benchmarking
Over the year, we prudently manage the impact of our business and strive to adopt best sustainability practices by measuring our performance against global benchmarking index guidelines such as FTSE4Good Bursa Malaysia Index, Global Reporting Initiative (GR) Standards and AA1000 Stakeholder Engagement Standards. Besides that, we align our sustainability initiatives with the UNGC 10 principles to increase value for ourselves and our stakeholders.
FTSE4Good is a responsible investment index designed to help investors identify companies that meet globally recognised corporate responsibility standards. These indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.
Salcon is proud to be the constituent of the FTSE4Good Bursa Malaysia Index awarded by FTSE Russell for consecutive 8 years since 2015. We have been independently assessed by the FTSE Russell and successfully met stringent environmental, social and governance (ESG) standards and are positioned to capitalise on the benefits of responsible business practice.
Salcon is honoured for this achievement which reflects our diligence in adhering to good ESG practises throughout the years.
For more information about FTSE4Good,
visit http://ftserussell.com.
As a signatory of the United Nations Global Compact (UNGC), Salcon Berhad is committed to living up to the Compact’s 10 principles in four areas (human rights, labour standards, environment and anti- corruption) and strives to integrate them throughout our business operations via various engagement methods, strategies and initiatives.
We also participate in UNGC’s events to keep abreast with the current issues and have recently participated in the Global Compact Malaysia Networking Session event organized by Global Compact Network Malaysia.
We aim to fully embedding sustainability as part of Salcon’s DNA and embracing new perspective to pursue sustainability goal in a long term basis. With this, we make continuous progress on our sustainability endeavours while reinforcing our best operating practices and corporate governance in all areas we operated in, as well as enforcing our sustainability initiatives as below:
The member states of the United Nations have adopted 17 Sustainable Development Goals (SDGs) to be accomplished by 2030 in relation to the issues needing to be addressed on a global scale. Salcon supports the SDGs by upholding recognized standards and principles on human rights, labour, the environment and anti-corruption. In assessing and prioritizing our contribution to the SDG goals through the principled prioritization process, the following is taken into consideration:
A. Risks to people and the environment:
The contribution we can make to achieving the SDGs by meeting our responsibility to address potential and actual negative impacts to people and the environment that are linked to our operations and value hains;
B. Beneficial SDG-related products, services and investments:
The additional contribution that companies can make to achieving the SDGs by applying their knowledge, skills and other capabilities to benefit people and the environment.
Based on the above, Salcon has identified 11 SDGs which are in alignment with our business strategy, business operations and our material issues.
Ensure healthy lives and promote well-being for all at all ages
Safe & Healthy Workplace
We are committed to create a safe and healthy workplace for all employees at office and project sites whilst promoting a healthy work-life balance.
Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all.
Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all.
Achieve gender equality and empower all women and girls.
Achieve gender equality and empower all women and girls.
Ensure availability and sustainable management of water and sanitation for all
Water & Wastewater Treatment
We treat water and wastewater to provide communities with clean, safe and quality water
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
Healthy Economic Growth
We diversified our business into various industries to create higher economic productivity
Talent Development
We provide trainings to employees to enhance their skills and competencies for career development and promotion opportunities
Build resilient infrastructure, promote inclusive and sustainable industrialization, and foster innovation.
Water & Wastewater Treatment
Our core services, water & wastewater treatment provides one of the most basic yet essential infrastructure for healthy and sustainable living.
Reduce income inequality within and among countries.
Equality
We welcome diversity and aim to create a culture of inclusivity with zero discrimination by gender, race, religion or ethnicity at the workplace.
Make cities and human settlements inclusive, safe, resilient, and sustainable.
Improvement to Living Quality
Our diversified businesses (water, property development, transportation & technology services) create sustainable cities and quality living environment.
Ensure sustainable consumption and production patterns.
Ensure sustainable consumption and production patterns.
Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels.
Transparency and Integrity
Our core values of teamwork, commitment, professionalism and respect underpin how we work. We are committed to adhere to the highest standards of corporate governance and transparency with zero tolerance on corruption.
Technology Services
We provide smart city solutions through our subsidiary Volksbahn Technologies Sdn Bhd by enabling efficient and fast networks through our fiber optic backbone in the Klang Valley.
Strengthen the means of implementation and revitalize the global partnership for sustainable development.
Collaboration with NGOs
We collaborate with various NGOs who share the same values as us to uplift the communities living standards and quality of life.
Corporate Governance & Our Sustainability Initiatives
We aim to fully embed sustainability as part of Salcon’s DNA and embrace new perspectives to pursue our sustainability goal on long term basis. We aim to make continuous progress on our sustainability endeavours while reinforcing our best operating practices and corporate governance in all areas we operate in through various initiatives as below.
