At Hung Lee Precision SDN. BHD., we use the term ‘ESG’ to describe a comprehensive set of environmental, social and governance matters impacting our company. We put these concerns at the core of our operations.
1. Environment:
Considering the environmental impact from Scope
- (directly caused by the company, e.g. through facilities) and Scope
- (indirectly caused, e.g. energy, electricity, waste) to Scope
- (caused by upstream and downstream activities, e.g. business travel, transportation of the product, customers’ energy usage); targeting both measuring but most importantly reducing the impact across all scopes.
2. Social:
a. Team and working environment: building a strong culture and being a conscientious employer (e.g. pay gap, parental leave, living wage)
b. Responsible product manufacturer: manufacturing products with consideration of the ethical and human implications on the end-user and society
c. Strengthening our communities: We have a long history of providing meaningful, and often transformational, support to the communities in which we operate. We also provide charitable support to key charity organization, often in the form of monetary sponsorships.
3. Governance
a. Develop and implement a robust and effective corporate governance framework, adhering to applicable national regulatory requirements, and in line with leading global guidance on good corporate governance.
b. Establish robust internal controls to ensure compliance with policies and practices.
c. Ensure transparency and objectivity in dealing with all our stakeholders.
How we operationalize ESG in Hung Lee Precision SDN. BHD.
a. ESG responsibility: Every member of our team is concerned with and thinks along the lines of ESG when making decisions, our approach to ESG will be discussed at Management Review Meeting (at least once a year).
b. Hiring and working environment: we are committed to hiring a diverse team and providing an inclusive working environment.
c. Good governance: all our decision making in both the advisory / oversight board and larger team is committed to good governance principles.
d. Impact & ESG report: We will prepare ESG report every year including both our own internal impact & ESG metrics and assessments.