Sustainability covers ethical business practices, a care for social and environmental issues as well as good corporate governance practices.

Objectives

The principle objective of sustainability management is to:

  • Integrate the principles of sustainability into the Group’s strategies, plans, decision making, policies and procedures;
  • Promote sustainable practices; and
  • Create a culture of sustainability within the Group and community

Health and Safety

We are committed to ensuring the safety of our employees by fostering positive safety culture, creating safe work environments, and strengthening our safety processes through continuous improvement, learning and innovation.

Fatalities and Loss Time Incident Rates

At BCB, we want to ensure that our employees’ health and safety are prioritised and safeguarded. Thus, all workers in our construction sites are required to wear safety gear (e.g. helmets, shoes, gloves etc.) at all times as injuries and tragedies are to be avoided at all times

During this reporting year, we did not register any work-related fatalities.

FYE 2023 FYE 2022 FYE 2021
No. of Work-Related Fatalities Nil Nil Nil

For Loss Time Incident Rate ("LTIR"), our LTIR for the year is 0. This translates to zero loss time incidents recorded.

FYE 2023 FYE 2022 FYE 2021
LTIR 0 0 0

Notes:
Loss time incident rate refers to the loss of productivity associated with accidents or injuries arising out of or in the course of work.

The Group is aware that our construction business exposes us to greater workplace injury/fatality risks. However, BCB has yet to conduct formal trainings at our respective project sites. Instead, we ensure to brief all our construction workers on health and safety procedures during the weekly toolbox meetings. We are aware of the lack of proper formal trainings related to health and safety and will strive to provide our workers with proper Occupational Safety and Health trainings in the near future.

Diversity

Here at BCB, we have a diverse and inclusive workforce consisting of various age groups, ethnicities, educational backgrounds, and experiences. We recognise the importance of offering and providing equal opportunities to all employees based on their talents and potential for growth.

Employee Diversity

The table below summarizes the gender distribution for all employment levels within our Group. During the reporting year, 55% of our senior management are female. Subsequently, there has been a slight decrease in overall female employees, from 53% in FYE 2022 to 48% in FYE 2023.

Employee Category % for FYE 2023 % for FYE 2022 % for FYE 2021
Male Female Male Female Male Female
Top Management 45 55 40 60 50 50
Middle Management 51 49 47 53 53 47
Executive 30 70 28 72 29 71
Non-Executive 54 46 56 44 55 45
Foreign workers 100 0 100 0 100 0
Overall Composition 52 48 47 53 48 52

With respect to age diversity, the breakdown of employee categories by age group is listed below.

Employee Category Age in Years (%)
% for FYE 2023 % for FYE 2022 % for FYE 2021
<30 30-50 >50 <30 30-50 >50 <30 30-50 >50
Top Management 0 64 36 0 70 30 0 67 33
Middle Management 3 80 17 3 83 14 9 71 71
Executive 26 63 11 24 64 12 26 62 12
Non-Executive 27 59 14 28 55 17 29 56 15
Foreign workers 60 40 0 0 100 0 0 100 0
Overall Composition 25 62 13 19 66 15 20 64 16

Board Diversity

With respect to board diversity, 3 out of 7 board members are female which represents 43% of total board composition. Currently, the Board has not adopted any female representation target as part of its diversity policy.

Employee Category % for FYE 2023 % for FYE 2022 % for FYE 2021
Male Female Male Female Male Female
Directors 57 43 50 50 71 29

In terms of age diversity of the board members, 3 board members are of age 50 and above whilst 4 board members are below the age of 50. The Board via the Nomination and Remuneration Committee (NRC), continuously reviews the size and composition of the board to maintain effective governance at the board level.

Employee Category Age in Years (%)
% for FYE 2023 % for FYE 2022 % for FYE 2021
<30 30-50 >50 <30 30-50 >50 <30 30-50 >50
Directors 0 57 43 0 67 33 0 43 57

Nationality

BCB embraces all members of nationality and ethnic backgrounds within the Group. At the time of reporting, our workforce consists of 88% Malaysians and 12% non-Malaysians. Our non-Malaysian employees which we directly employ, are construction labourers, who are instrumental in delivering our business.

Human Capital Management

The Group believes that its employees are a vital asset, and we depend on them to deliver projects to our customers. Therefore, we recognise the importance of attracting, developing, and retaining the right people, in ensuring the sustainability of our business.

Training and education

For FYE 2023, the Group has conducted a total of 235 training hours and is analysed as follows:

Employee Category FYE 2023 (Hours) FYE 2023 (Hours) FYE 2021 (Hours)
Top Management 56 44 48
Middle Management 132 80 40
Executive 39 36 36
Non-Executive 8 12 12
Total 235 172 136

Our employees are provided with both technical and non-technical trainings to ensure that our employees are able to meet with the skills and development required for Construction and Non-Construction related segments.

Utilisation of contractors/temporary staff

In FYE 2023, 7% of our employees during the year are temporary staff/contractors.

Employment Type % for FYE 2023 % for FYE 2022 % for FYE 2022
Contractors/Temporary 7 8 7

We continuously maintain a policy of hiring employees permanently rather than temporarily to ensure better consistency and continuity in delivering our business to our customers.

Employee retention

In FYE 2023, a total of 37 employees resigned. The Group is aware that we must learn the best possible ways to retain our employees. Therefore, BCB is continuously reviewing our total rewards package for key employees and positions which includes competitive compensation, health care, support for work-life balance and career development resources.

The following is a breakdown of the number of employee turnover at the end of the reporting period:

Employee Category Number of Employee Turnover
FYE 2023 FYE 2022 FYE 2021
Senior Management 2 3 1
Middle Management 8 7 8
Executive 17 9 12
Executive 17 9 12
Non-Executive 9 10 8
Non-Executive 9 10 8
Foreign workers 1 0 0
Total 37 29 29

Notes:
1. Employee turnover refers to employees who leave the company voluntarily or due to dismissal, retirement, or death in service.

Employee labour rights

During the reporting year, we are pleased to announce that no substantiated complaints were received from any regulatory or official bodies in relation to violation to human rights of our workers.

Substantiated complaints for FYE 2023, 2022, and 2021 None Reported

Data Privacy and Security

We are pleased to announce that no substantiated complaints were received from any regulatory or official bodies in relation to breaches of customer privacy and losses of customer data during the reporting year.

Substantiated complaints for FYE 2023, 2022, and 2021: None Reported

We continue to maintain, monitor, and improve on our policies and procedures to ensure compliance with relevant data protection regulations.

Energy Management

As a construction and property development company, we are aware of the effect of climate change on the reliability of electricity supply in powering our operations. This is not limited to adverse weather conditions at the power plant and transmission grid but extends to adverse weather in coal/natural gas mining regions which Malaysia relies on for supply for its power plants. Therefore, we are continuously assessing commercial feasibility of installing solar panels on our roofs, to reduce reliance on electricity from the national grid.

During the reporting period, the Group’s total energy consumption was 8,558 Gigajoules, and the breakdown is as following:

Total of Energy Consumption FYE 2023 (GJ) FYE 2022 (GJ) FFYE 2021 (GJ)
FYE 2021 (GJ) 6,872 4,075 4,075
FYE 2021 (GJ) 6,872 4,075 4,075
Fuel Consumption – Gen Set (1) 1,686 1,341 1,135
Fuel Consumption – Transportation (1,2)
Total  8,558 5,416 3,349
  1. The energy conversion factor used for fuel litre consumption is derived from the UK Government GHG Conversion Factors for Company Reporting 2023, 2022, and 2021, based on petrol/diesel which is 100% mineral oil.

  2. The data above includes BCB’s Elysia Park Residence sales gallery, Versis @ Batu Pahat office, Hometree show units, sales gallery and office, Kluang office, Prime City Hotel, and Kluang, Batu Pahat, and Kota Kemuning constructions sites.

  3. The data above excludes BCB’s U-Mall and unsold property units under the Group.

Currently, the Group has yet to establish an energy management framework and program. Therefore, we do not have any targets and policies in place for energy management. However, most of the houses under the Group’s various new projects are now designed to let in more sunlight and air to promote energy efficiency for our customers.

Emissions Management

The Group has yet to establish an emission management framework. Therefore, we do not have any targets or roadmaps in achieving this objective. However, we have begun tracking the Scope 1 and Scope 2 GHG emissions for FYE 2023, which is as following:

Emission Type FYE 2023 (tCO2e) FYE 2022 (tCO2e) FYE 2022 (tCO2e)
FYE 2022 (tCO2e) 118 94 80
Indirect GHG Emission (Scope 2) 1,11 662 360
Total GHG Emissions  1,235 756 440
  1. Scope 1 Emissions are direct greenhouse gas (“G”) emissions that occur from sources that are owned or controlled by the Group. The emission Conversion factor for Scope 1 is derived from the UK Government GHG Conversion Factors for Company Reporting 2023, 2022, and 2021, based on petrol/diesel which are 100% mineral oil.

  2. Scope 2 emissions are indirect GHG emissions arising from the generation of purchased electricity consumed by the Group. The Emission Conversion factor for Scope 2 is derived from the CDM Electricity Baseline for 2017 by Malaysian Green Technology Corporation, using Combined Margin (C.M) emission factor.

  3. We have not begun tracking Scope 3 for the reporting year.

  4. The data above includes BCB’s Elysia Park Residence sales gallery, Versis @ Batu Pahat offices, Hometree show units, sales gallery and office, Kluang office, Prime City Hotel, and Kluang, Batu Pahat, and Kota Kemuning construction sites.

  5. The data above excludes BCB’s U-Mall and unsold units under the Group.

For FYE 2023, the total Scope 1 emissions produced by the consumption of fuel by the Group amounts to 118 tCO2e. Meanwhile, the total Scope 2 emissions produced by the electricity that we consumed for our properties and project sites amounts to 1,117 tCO2e. Overall, the Group’s total emissions for FYE 2023 rounds up to 1,235 tCO2e.

Water Management

The change in climate and weather patterns globally and locally has been adversely affecting the reliability of water resources in various countries, Malaysia included. In some instances, we have been experiencing a prolonged dry season.

Water Consumption

BCB has implemented a Rainwater Collection and Utilisation System (SPAH) for a number of residential projects. The rainwater is harvested through the drainpipes on the buildings’ roofs and is then channelled to the water storage tanks. The stored water will be used for irrigation purposes and landscaping works. By utilising the SPAH system, it will be able to help us reduce our water consumption in the long run.

Apart from that, the Group has also been implementing duo-way sanitary flushing systems for some of the newer projects. The dual flush mechanism is able to help reduce excessive water usage which in turn potentially reduces the water bill charges payable by users.

In FYE 2023, the Group’s total water consumption amounts to an estimated 65 megalitres. Our current use of water has no significant impact on the availability of water in the areas where our construction activities operate.

Moving forward, the Group plans to implement SPAH and duo-way sanitary flushing systems across future projects and will also be exploring more methods to reduce water consumption.

FYE Total Water Consumption (Megalitres/ MI)
2023 65
2022 53
2021 34
  1. The data above includes BCB’s Elysia Park Residence sales gallery, Versis @ Batu Pahat office, Hometree show units, sales gallery and office, Kluang office, Prime City Hotel, and Kluang, Batu Pahat, and Kota Kemuning construction sites.

  2. The data above excludes BCB’s U Mall and unsold property units under the Group.

Water Disruption at construction sites

BCB is aware that water is an essential element at our construction sites. Water is used for a myriad of construction activities such as resource for worker hydration, concrete batching, grouting, dust suppression, soakaway testing, pond filling, hydro-demolition, and drilling and piling. Recognising this, we are continuously engaging our contractors and suppliers to assess the situation and develop mitigation plans against prolonged water disruptions.

Reducing water pollution 

BCB is aware that our construction activities may contribute some pollutants to the waterways within the project area. Untreated wastewater contaminated by silts, muds, or pollutants will not only cause flooding due to blockage of drainage, but also damage the ecosystem of downstream water bodies. Therefore, we ensure to apply proper methods to remove and treat wastewater from our project sites before discharging it.

Waste Management

Total Waste Generated

In FYE 2023, the Group generated a total of 227.04 tonnes of waste. We managed to divert 36.02 tonnes of waste from disposal through the act of recycling, reusing, or repurposing. For waste that could not be salvaged, a total of 191.02 tonnes was directed to disposal.

Category  FYE 2023 FYE 2022 FYE 2021
Waste directed to disposal 191.02 163.15 49.61
Waste diverted from disposal 36.02 16.13 1.70
Total Waste Generated 227.04 179.28 51.31
  1. This data above includes BCB’s Prime City Hotel, and Kluang, Batu Pahat, and Kota Kemuning Construction Sites.

  2. This data above excludes BCB’s Office Buildings, Elysia Park Residence and U-Mall.

BCB has only started measuring the waste generated across our main operating sites in Malaysia. We have yet to establish a proper method to track our waste management system. Therefore, obtaining accurate data for waste management across our operations is not yet feasible.

Waste Directed to Disposal

For the reporting year, BCB has generated a total of 191.02 tonnes of non-hazardous waste. The non-hazardous wastes generated by the Group consists of domestic waste and building materials such as paper, glass, metals, cement, and bricks.

The table below showcases the total non-hazardous waste which was disposed of for FYE 2023:

Waste Directed to Disposal  
FYE Hazardous Waste Non – Hazardous Waste (Tonne) Total Waste Directed to Disposal (Tonne)
SW Code Tonne
2023 Nil Nil 191.02 191.02
2022 Nil Nil 163.15 163.15
2021 Nil Nil 49.61 49.61
  1. This data above includes BCB’s Prime City Hotel, and Kluang, Batu Pahat, and Kota Kemuning Construction Sites.

  2. This data above excludes BCB’s Office Buildings, Elysia Park Residence, and U-Mall.

Waste Diverted from Disposal

For the reporting year, the Group managed to divert 36.0 tonnes of waste consisting of paper, plastic, metal scraps, and electrical items.

A breakdown of the waste that was recycled, reused, or repurposed is listed below:

FYE Diverted Waste (Recycle/Reuse/Repurpose) in Tonnes Total Waste Diverted to Disposal (Tonne)
Paper Plastic Metal Scraps Electrical Items
2023 5.90 4.40 21.52 4.20 36.02
2022 1.00 0.60 14.03 0.50 16.13
2021 0.90 0.80 Nil Nil 1.70
  1. Waste directed from disposal includes waste that is reused, recycled, or subject to other recovery positions.

  2. Recovery refers to operation wherein products, components of the products or materials that have become waste are prepared to fulfil a purpose in place of new products, components, or materials that would otherwise have been used for that purpose.

  3. This data above includes BCB’s Prime City Hotel, and Kluang, Batu Pahat, and Kota Kemuning Construction Sites.

  4. This data above excludes BCB’s Office Buildings, Elysia Park Residence, and U-Mall.

The following is a breakdown of the number of employee turnover at the end of the reporting period

Sustainability Governance

BCB has adopted a three-tiered approach when establishing the sustainability governance structure. The sustainability governance structure is headed by the Board of Directors (“The Board”). Reporting to the Board will be the Sustainability Steering Committee (“SSC”). The SSC has a supervisory role over the Sustainability Working Committee (“SWC”).

Board of Directors

  1. Responsible for the Group’s overall implementation of sustainability strategies and initiatives.

Sustainable Steering Committee (“SSC”)

  1. Propose and recommend sustainability strategies and initiatives.

  2. Review migitation plans for identified Economic,Enviromentak and Social (“EES”) risks and other realted areas.

  3. Oversees the performance of the SWC’s implementation of approved initiatives.

Sustainable Working Committee (“SWC”)

  1. Identify, monitoe and manage EES risks in respective divisions.

  2. Operationalization and execution of sustainability strategies and intiatives, and reports the progress to the SSC.

  3. Delve into the safety, health, enviroment quality challenges.

Materiality Assessment and Topics

In the year under review, we have reviewed and realigned FYE 2023’s material sustainability topics with Bursa Malaysia’s common sustainability matters and disclosure standards from the Global Reporting Initiative (“GRI”). As part of this realignment, we introduced Economic Performance, Emissions Management, Energy Management, Supply Chain Management, and Data Privacy as material sustainability topics.

We continuously monitor the business’s environment and engage various stakeholders on an ongoing basis to ensure we have appropriately recognised and managed our material sustainability areas.

Subsequently, for FYE 2023, our board has reviewed the following materiality topics and matrix:

Materiality Matrix

Stakeholder Interest

High

  • Anti-Corruption

  • Economic Performance

Medium

  • Supply Chain Management

  • Data Privacy

  • Labour Practices & Standards

  • Health & Safety

  • Community/Society

  • Energy Management

  • Water Management

Low

  • Diversity

  • Emissions Management

  • Waste Management

Low

Medium

High

Impact to The Business

No. Material Topic GRI Reference Indicators
1 Economic Performance 201-1 Direct economic value generated and distributed
2 Community/Society 201-1 Total amount invested in the community where the target beneficiaries are externa
3 Anti-Corruption 205-2 % of employees that have received training on anti-corruption by employee category
205-3 Confirmed incidents of corruption and action taken
4 Supply Chain Management 204-1 Proportion of spending on local suppliers
4 Health and Safety 403-9 No. of work-related fatalities
403-9 Lost time incident rate
403-5 No. of employees trained on health and safety standards
6 Diversity 405-1 % of employees by gender and age group for each employee category
405-1 % of directors by gender and age group
7 Human Capital Management 404 Total hours of training by employee category
401 % of employees that are contractors or temporary staff
401-1 Total no. of employee turnover by employee category
N/A No. of substantiated complaints concerning human rights violations
8 Data Privacy 418-1 No. of substantiated complaints concerning breaches of customer privacy and losses of customer data
9 Energy Management 302-1 Total energy consumption
10 Emission Management 305-1
305-2
  1. Scope 1 emissions in tonnes of CO2e
  2. Scope 1 emissions in tonnes of CO2e
11 Water Management 303-3
303-4
303-5
  1. Water withdrawal
  2. Water discharge
  3. Water consumption
12 Waste Management 306-3
306-4
306-5
Total waste generated and a breakdown of: -
  1. Total waste diverted from disposal
  2. Total waste directed to disposal
Total waste directed to disposal

As a responsible developer, we will continue to review our sustainability practices as the authorities introduce new regulatory requirements on sustainability. We aspire to be better in our sustainability journey and to become a reference point for our customers, standing out for our diversification and innovation.

Economic Performance

Given the challenging environment the business is operating in, the economic performance of the group remains a key concern amongst our stakeholders – employees, vendors, investors, and government.

During the current financial year (FYE 2023), we generated a revenue of RM 245 mil which represents the total economic value generated.

FYE 2023
(RM’ Million)
FYE 2022
(RM’ Million)
FYE 2021
(RM’ Million)
Total Economic Value Generated 245 220 199

Whilst a total of RM 245 mil was the direct economic value distributed during our review period which consists of:

Direct Economic Value Distributed FYE 2023
(RM’ Million)
FYE 2022
(RM’ Million)
FYE 2021
(RM’ Million)
Salary and Benefits 18.9 16.2 16.1
Payment to providers of capital 18.9 19.1 19.7
Payment to Government 13.0 12.7 10.7
Payment to Vendors 173.8 149.0 141.1

Please refer to Annual Report pages xx for detailed economic performance figures.

BCB believes that the key success factor in delivering requisite economic performance lies in ensuring customer satisfaction and delivering quality products to our customers. Our economic performance reflects our ability in meeting our stringent customer satisfaction and quality standards. Further discussion on our business strategy and performance can be found in the Management Discussion and Analysis section of the Annual Report.

Anti-Corruption:

BCB is aware of the potential risks associated with bribery and corruption in the construction industry and how such risks may negatively impact our business operations and disrupt the quality of infrastructure services delivered. Corruption within the construction industry leads to devasting consequences such as the development of dangerous and unreliable buildings, and damage to the company’s reputation.

Therefore, the Group is conducting different measures to combat corruption in order to conduct business in a transparent, honest, and fair manner. In line with Section 17A of the Malaysian Anti-Corruption Commission (“MACC”) Act, BCB has established an Anti-Bribery and Corruption Policy (“The ABC Policy”) and a Whistleblowing Policy (“WP”).

The ABC Policy defines the Group’s position in regard to bribery and corruption. It also serves to provide information and guidance on anti-corruption and bribery to the Group’s Directors, employees, and business associates. Additionally, we also have a Whistleblowing Policy (“WP”) that is available on BCB’s website, to facilitate stakeholders to report any misconduct within the Group. The WP, amongst others, provides information, guidance, and channels for the reporting of any misconduct. During the reporting period, there were no whistleblowing reports received.

Furthermore, our target is to conduct formal training on key aspects of corruption and reintroduce relevant legislation and penalties covering anti-corruption to all staff at planned intervals. During the reporting period, there was no formal anti-corruption training conducted.

Additionally, in the event of onboarding a new employee, we are committed to requiring said employees to a briefing on anti-corruption and anti-bribery policies. At the end of the briefing session, they are required to sign each page of the ABC policy, signifying their acknowledgement that they have read and understood the ABC policy.

Subsequently, for this reporting period, we are pleased to report no corruption incidents were identified or reported amongst our employees and counterparties in relation to their employment with us.

Number of confirmed incidents for FYE 2021, 2022 and 2023  None Reported
Community/Society:

At BCB, we proactively engage and give back to the local communities through our Corporate Social Responsibility (CSR) programmes. The table below lists the total amount we have contributed:

Details FYE 2023 FYE 2022 FYE 2021
Total amount invested (RM’000) 283 251 58

During the reporting year, the Group contributed a total of RM283,000 to the community. A few of the Group’s noteworthy contributions are as follows:

In July 2022, BCB donated a gracious sum of RM100,000 to the Majlis Sukan Negeri Johor in support of the Johor Motorsports Racing Competition 2022. The Group also donated a sum of RM50,000 to the Johor Sikh Sports Club. Through the contributions made, BCB was able to help develop the athletic talents of the youths of the Sikh community of Johor Bahru, Malaysia.

Furthermore, in April 2023, the state of Johor was hit with flash floods, leaving more than 27,000 displaced. In efforts to help flood victims, the Group donated RM2,000 to Persatuan Kim Tong Har Negeri Johor, where the funds were used to aid flood victims in need.

Supply Chain Management

Here at BCB, we support the Malaysian economy by sourcing and procuring our supplies from local vendors to encourage growth in the local businesses and to contribute to boosting the Gross Domestic Product (GDP) of Malaysia, provided that they meet our price, quality, performance, and ethical standards. Additionally, by sourcing locally, the Group is also able to reduce transportation emissions and energy usage. As such, 100% of our vendors were sourced locally.

Year FYE 2023 FYE 2022 FYE 2021
% of spending on local suppliers 100 100 100

We are continuously evaluating the performance of our vendors and communicate areas of improvement to our vendors to allow them to continuously improve.

Reports and Disclosures

The Company sets both short term and long term targets for its sustainability efforts. It also ensures that they are integrated into its strategies and business plans.