Environmental Responsibility

Climate Change

Our Approach

Climate change poses a substantial challenge to our business operations, impacting our entire supply chain from raw materials sourcing to products manufacturing, logistics, and products delivery to customers.

QL acknowledges that our operations contribute to greenhouse gas emissions and is proactively addressing climate impacts. In addition, we are dedicated to utilise renewable energy from diverse sustainable sources.

Identifying Risks and Seizing Opportunities

QL acknowledges the significance of climate change as a crucial business concern and recognises the detrimental effects and associated risks climate change poses to our business operations. In FY2024, we have identified a list of climate-related risks and opportunities spanning short, medium, and long-term horizons. These risks and opportunities will be addressed in our strategies in the future.

The below table presents climate change risks and opportunities related to QL’s operations:

While the Group is embarking on a journey to TCFD disclosures, Management believes that the understanding will progressively deepen with regards to how climate change will affect the Group. Similarly, the necessary organisational skills and capabilities to assess climate-related risks and opportunities will be improved including the use of scenario analysis. Therefore, the climate change risk, opportunities and mitigations will be periodically reviewed and updated.

Commitment to Climate Change

To showcase our dedication to addressing climate change concerns, we introduced a Climate Change Policy in FY2024. The policy outlines QL’s strategy for tackling climate-related matters and integrating climate considerations into our decision-making procedures.

Our Target

Achieve 20% GHG emissions reduction by FY2026 from FY2020 baseline.

GHG reduction from FY2020 baseline

35%

FY2024 Highlights

977,506.75 GJ

renewable energy generated

25,795.97 tCO2e

of GHG emissions avoided

7%

GHG Intensity Reduction

Note: Performance since FY2020

Our Performance

Energy Consumption

		FY2022 *	FY2023	FY2024
Non-renewable source by type (000 GJ)
Total Non-Renewable Energy Consumption	Per Thousand Gigajoule, 000 GJ	870.47	1,054.67	1,184.20
Scope 1 (Diesel, Petrol, Natural Gas & Liquified Petroleum Gas)	000 GJ	364.69	441.78	503.13
Scope 2 (Purchased Electricity)	000 GJ	505.78	612.89	681.07
Renewable source by type (000 GJ)
Solar, Biogas & Biomass	Per Thousand Gigajoule, 000 GJ	776.22	841.91	977.51
Energy Intensity (GJ/ RM Mil Revenue)
Total Energy Consumption	Per Thousand Gigajoule, 000 GJ	1,646.69	1,896.58	2,161.71
Energy Intensity	GJ/ RM Mil Revenue	459.00	439.76 **	484.88

GHG Emissions

		FY2022 *	FY2023	FY2024
Total GHG Emissions	Per Thousand Tonnes, 000 tCO₂e	113.37	142.82	153.64
Direct (Scope 1) GHG Emissions	000 tCO₂e	26.52	35.51	36.10
Indirect (Scope 2) GHG Emissions	000 tCO₂e	86.85	107.31	117.54
GHG Emissions Intensity	tCO₂e/ RM Mil Revenue	31.61	31.89 **	34.46
GHG Emissions Avoidance
Total GHG Emissions Avoided	000 tCO₂e	26.81	25.15	25.79