The sustainability policy of Karyon Industries Berhad and its subsidiaries (collectively referred to as “KIB” or “the Group”) is to operate its business to achieve a sustainable long term balance between meeting its strategic goals and social welfare of the community as well as preserving the environment.
The Group takes active steps to embed sustainability strategies in its operations and activities to achieve sustainable economic success while fulfilling its social and environmental responsibilities. The strategies undertaken by the Group includes:
- Minimise the consumption of our natural resources by reducing wastage and promote recycling in all aspects of the Group’s operations including but not limited to energy and materials usage whenever possible;
- Ongoing and continuing development of new products and methods resulting in greener alternatives and cost reduction. The Group has developed and will continually develop new materials, materials usage and alternative methodologies in its product range and production activities to reduce the Group’s carbon footprint and costs;
- Promoting welfare of employees and philanthropy in the community. The Board members and indeed the Group as a whole has always adopted a philanthropic attitude towards its employees and participants in the Group’s supply chain as well as the communities within which it operates;
- Purchase from environmentally sustainable vendors whenever possible.;
- Supporting all sustainability initiatives of the Group’s stakeholders upstream and downstream;
These activities will be maintained and enhanced going forward by engaging all of the Group stakeholders and improving efficiencies in all of the activities stated above with a view to developing various robust criteria for measuring the further development of such initiatives in a transparent and accredited manner thereby minimizing costs to the Group’s operations and the environment as a whole.
KIB believes the success of business sustainability requires a high standard of corporate behavior and active participation of the stakeholders. The Group will consistently incorporate aspects of sustainability into our core business operations towards achieving sustainable growth and enhance value creation to our shareholders.