Our ESG Values

We quantified our investments in protecting the capitals through our use of the financial tagging tool we introduced in 2021. The amount captured by the tool covers operational costs and investments we spent per capital. As an improvement, unlike last year where we reported the total values, this time we only report the expenses that protected the capitals from potential damage or those that created new capitals. Hence, the current ESG investments indicated below are not comparable with the values reported in the previous year.

Manufactured capital had the highest allocation as this involves facilities needed for the operation of the business which is CapEx intensive. The second highest expense was our investment on people, particularly for their upskilling and reskilling as well as well-being. Natural capital expenses came third which are mostly studies to reduce use of energy and materials in our operation as well as investments in nature restoration for the continued enhancement of biodiversity in our worksites and beyond. The social capital expenses are now lower as most of the CSR community projects are geared towards environmental awareness and our livelihood projects are reaching self-reliance. While there were a number of IT measures rolled out, subscription and software for intellectual capital were not as expensive as the assets acquired for other capitals.

Our holistic approach which embeds ESG into our design, operations and cost allocation highlights the inter-dependencies of the capitals in the bigger system wherein we operate. Every element in the bigger whole (nature, people, and business) complements and reinforces each other. Consistent with our mission on regeneration, we will continue to maintain or restore the integrity of the parts where we depend on for the benefit of all.