QES firmly believes that economic, environment, social responsibility and good corporate governance are the core of achieving a sustainable business. In achieving our business sustainability, the Group remains committed in achieving operational profitability whilst focusing on the environment, social and governance (“ESG”) criteria as essential elements in enabling the Group to achieve success now as well as into the future. Our Sustainability Statement (“SS”) was prepared in pursuant to Bursa Securities’ ACE Market Listing Requirements (“AMLR”) and Sustainability Reporting Guide issued. In preparing this Statement, the Group also considered the Sustainability Reporting Guide – 2nd Edition and its accompanying Toolkits, issued by Bursa Securities. The Group is committed towards ensuring that our business operations are carried out in a sustainable and responsible manner, taking into consideration of the ESG implications the Group is exposed to. This sustainability statement outlines our endeavours throughout FYE 2021 in areas where our expertise and resources can make a positive impact.
This Sustainability Statement describes the Group’s commitment towards improving its sustainability practices while also considering the concerns of our stakeholders. By focusing on sustainability, the Group focuses and highlights more on ESG to strengthen the local economy, safeguard natural resources and strengthen our bond with our community.
In line with the United Nations’ 2030 Agenda and seventeen (17) UNSDGs, the Group adopted these goals as part of our sustainability journey, where we identified six (6) UNSDGs which have a direct impact on the Group in terms of risks and opportunities over the long-term.
In line with the SDG 12.5 of responsible consumption and production, we are committed to substantially reducing waste generation through prevention, reduction, recycling and reuse. We are committed to conduct business sustainably with minimal adverse impact to the environment and in compliance to all applicable environmental laws and regulations. We also attempt to adopt the best industry practices through the management of our subcontractors. All scheduled wastes are properly disposed of by registered contractors to the approved treatment premises and disposal facilities.
In our daily operations, we are committed to recycling, energy-saving practices and undertaking measures to reduce wastage, pollution and harmful emissions. We are committed to improving the efficiency of our resources and reduce our environmental impact by encouraging our employees:-
- To recycle old documents
- To distribute all memos via email
- To disseminate all company information such as handbooks, SOP, forms using internal electronic network
- To reuse delivery boxes when necessary
- To reuse shipping, packing material when necessary
- To switch off all electrical appliances when not in use
During the reporting period, there were no incidents of non-compliance and penalties pertaining to environmental related issues. To maintain the highest standard of environmental compliance and to prevent future occurrence of incidence, the Management will continue to review and improve current environmental management system and practices and ensure that all our activities and operations comply with existing regulatory requirements
The Group believes that carrying out training and development programmes for our employees are fundamental to our employees’ abilities to acquire the skills necessary for their career advancement and personal development. Despite the challenges brought by the pandemic in FY2021 which has resulted in physical attendance of training courses being disallowed, the Group has, through the use of virtual tools and one-on-one practical session where applicable, continued to conduct the following training and development programmes for our employees. In FYE 2021, the Group conducted a total of 191 on-line trainings in embracing the new normal
Semiconductor wafer manufacturing innovation using materials such as silicon carbide (“SiC”) and gallium nitride (“GaN”) gave impetus to improve Electric Vehicles (“EV”) performance. Indirectly, we need to develop new equipment to meet our customers’ demands on automation and fast inspection of these new design of IC chips. By working closely with customers, our manufacturing division has researched and developed the all-new Post Die Attach Inspection System – PDA 1000V. The automated vision inspection system is designed to handle and automatically inspect the new power switches (IGBT or MOSFET) based on SiC and GaN materials.