Environmental Responsibility
Climate Change & Emissions
Our Approach
QL acknowledges the potential risks and impacts associated with climate change, which if unmitigated, could potentially affect the Group’s diverse business operations. These risks and impacts comprise both physical and transitional climate change risks. We also acknowledge that it is possible that the Group’s operations, through the consumption of various types of energy and the release of greenhouse gas (GHG) emissions may also be a contributory factor to climate change.
We are responding to climate impacts by managing our emissions in full compliance with air emission standards and increasing our energy efficiency. In support of a cleaner environment, we harness renewable energy from various sustainable sources and offer more customers our solar energy solution.
| Risk Category | Risk & Description | Time Horizon | |
| Transition Risks | Policy & Legal | Increased regulatory requirement such as reporting obligation may lead to higher compliance cost, assets may need to be impaired. | Short to long term |
| Technology | Cost of transitioning to lower emission technology includes arising from investment in technology to reduce reliance on fossil fuel, improve energy efficiency and mitigate emissions to improve air quality. | Short to long term | |
| Market & Reputation | Changing stakeholders’ preference such as shift in the consumers demand to climate-change friendly products, reduced financing availability in affected sectors etc. | Short to long term | |
| Physical Risks | Acute | Increased extreme weather patterns such as heatwave and drought, cyclones, flood & turbulent sea condition could result in supply chain interruption such as disruption of fishing activities & crop production, livestock productivity. In addition, this could reduce production capacity & exposure to assets damage which may lead to increased insurance premium etc. | Short to long term |
| Chronic | Rising temperature may have impact on human health which may lead to increase medical cost & affect productivity. Rising temperature may cause the increase in energy cost such as to maintain temperature within poultry farming & marine production operations. | Long term | |
| Opportunities | Energy source | Reduced operating cost can be the outcome arising from the use alternate source of fuel and energy which could be renewable or green (e.g. biomass and solar). | Short to long term |
| Products & services | Development of products through R&D and innovation to penetrate new market e.g. segment of customers who prefer ESG friendly products.
BM Greentech Berhad (a member of QL Group), being a clean energy solution provider, stands to benefit from such climate-change transition. |
Short to long term | |
Our Target
Achieve 20% GHG emissions reduction by FY2026 from FY2020 baseline.
FY2023 Highlights
17.2%
GHG Intensity Reduction
Note: Performance since FY2020
Our Performance
| FY2021 | FY2022 | FY2023 | ||
| Non-renewable source by type (000 GJ) | ||||
| Total Non-Renewable Energy Consumption | Per Thousand Gigajoule, 000 GJ | 787.05 | 722.28 | 1,054.67 |
| Diesel, Petrol & Natural Gas | 000 GJ | 374.97 | 294.46 | 441.78 |
| Purchased Electricity | 000 GJ | 412.08 | 427.82 | 612.89 |
| Renewable source by type (000 GJ) | ||||
| Solar, Biogas & Biomass | Per Thousand Gigajoule, 000 GJ | 314.05 | 320.75 | 841.91 |
| Energy Intensity (GJ/ RM Mil Revenue) | ||||
| Total Energy Consumption | Per Thousand Gigajoule, 000 GJ | 1,101.10 | 1,043.03 | 1,896.58 |
| FY2021 | FY2022 | FY2023 | ||
| Total GHG Emissions | Per Thousand Tonnes, 000 tCO2e | 100.91 | 98.95 | 142.82 |
| Direct (Scope 1) GHG Emissions | 000 tCO2e | 328.09 | 23.52 | 35.51 |
| Indirect (Scope 2) GHG Emissions | 000 tCO2e | 72.82 | 75.43 | 107.31 |
| GHG Emissions Intensity | tCO2e/ RM Mil Revenue | 32.11 | 24.25 | 26.75 |
| GHG Emissions Avoidance | ||||
| Total GHG Emissions Avoided | 000 tCO2e | 26.53 | 26.23 | 25.15 |
View Our Climate Change & Emissions Section in the Integrated Annual Report
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