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

Diversity

We recognise diversity's importance in enhancing decision-making, risk awareness, and adaptability. While valuing equal opportunities for all, regardless of age, gender, nationality and ethnicity, we prioritise hiring based on skills and growth potential throughout the group. Our approach is merit-based, without specific diversity targets, focusing more on capabilities.

The non-Malaysian workers in our employment are, directly employed as construction workers, and crucial in delivering our business.

Below are tables outlining the age, gender and nationality across our direct hires, by employee category.

Gender Diversity

Employee Category % for FYE 2024 % for FYE 2023 % for FYE 2022
Male Female Male Female Male Female
Top Management 60 40 45 55 40 60
Middle Management 43 57 51 49 47 53
Executive 24 76 30 70 28 72
Non-Executive 55 45 54 46 56 44
Foreign workers 100 Nil 100 Nil 100 Nil
Overall Composition 53 47 52 48 47 53

Age Diversity

Employee Category Age in Years (%)
FYE 2024 FYE 2023 FYE 2022
<30 30-50 >50 <30 30-50 >50 <30 30-50 >50
Top Management Nil 70 30 Nil 64 36 Nil 70 30
Middle Management 3 77 20 3 80 17 3 83 14
Executive 31 64 5 26 63 11 24 64 12
Non-Executive 29 59 12 27 59 14 28 55 17
Foreign workers 56 44 Nil 60 40 Nil Nil 100 Nil
Overall Composition 28 61 11 25 62 13 19 66 15

Nationality

FYE 2024 (%) FYE 2023 (%) FYE 2022 (%)
Malaysian 82 88 95
Non- Malaysian 18 12 8

Board Diversity

As of to date, there is no plan by the Board to adopt any diversity target. 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. More discussion on this can be found on the Corporate Governance Overview Statement section.

The following tables present the age and gender diversity of the Board.

Employee Category % for FYE 2024 % for FYE 2023 % for FYE 2022
Male Female Male Female Male Female
Directors 62 38 57 43 50 50
Employee Category Age in Years (%)
FYE 2024 FYE 2023 FYE 2022
<30 30-50 >50 <30 30-50 >50 <30 30-50 >50
Directors Nil 62 38 Nil 57 43 Nil 67 33

Human Capital Management

Our employees are central to our company's success, as they are instrumental in project delivery to our clients. Recognising this, we prioritise the attraction, growth, and retention of skilled individuals to ensure the continued success and resilience of our business.

Training and Development

We provide ongoing learning and development opportunities, encompassing both technical and non-technical training, to help our employees enhance their knowledge and skills necessary for Construction and Non-Construction related segments.

In FYE 2024, our employees collectively spent 1,579 hours on training.

Employee Category FYE 2024 (Hours) FYE 2023 (Hours) FYE 2022 (Hours)
Top Management 75 56 44
Middle Management 637 132 80
Executive 568 39 36
Non-Executive 299 8 12
Total 1,579 235 172

Utilisation of contractors/temporary staff

To ensure consistent and uninterrupted business, we maintain hiring employees on a permanent basis rather than temporarily. This strategy promotes stability within our workforce and enhances continuity in our business operations, ultimately contributing to greater customer satisfaction and loyalty.

The following table illustrates the trend in contractors/ temporary staff hiring within the group.

Employment Type % for FYE 2024 % for FYE 2023 % for FYE 2022
Contractors/Temporary 4 7 8

Employee Turnover

In FYE 2024, 38 employees resigned. To address this, we are focusing on enhancing engagement, providing career growth opportunities, and fostering a supportive culture to retain talent.

Below is a breakdown of the employee turnover numbers at the end of the reporting period:

Employee Category Number of Employee Turnover
FYE 2024 FYE 2023 FYE 2022
Senior Management Nil 2 3
Middle Management 8 8 7
Executive 6 17 9
Non-Executive 24 9 10
Foreign workers Nil 1 Nil
Total 38 37 29

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

Employee labour rights

We ensure fair treatment for all employees, including our foreign workforce. This not only ensures compliance but also mitigates risks, enhances well-being, and upholds our reputation as a responsible organisation.

We comply with global labour standards, including those established by the International Labour Organization (ILO), and local regulations such as the Malaysian Employment Act 1955, the Employment (Amendment) Act 2022, and the Minimum Wages Order 2022. We also ensure that our workers' accommodations are secure and comfortable, adhering at a minimum to the Minimum Standards of Housing and Amenities (Amendment) Act 2019.

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.

Number of substantiated complaints received in FYE 2024, 2023, and 2022: None Reported

Data Privacy and Security

Our data Privacy Policy is governed by local laws such as the Personal Data Protection Act 2010.

We continue to maintain, monitor, and improve on our policies and procedures to ensure compliance with. During the reporting year, there were no complaints received from any regulatory or official bodies concerning breaches of customer privacy or losses of customer data.

Substantiated complaints for FYE 2024, 2023, and 2022: None Reported

1. The data above covers BCB’s Batu Pahat, Kluang and Kota Kemuning development operations, Umall, Prime City Hotel and Elysia Park Residence Sales Gallery.

Energy Management

We recognise the ongoing trend of rising energy costs in the foreseeable future, attributed to the Malaysian government's measures to increment non-domestic electricity tariffs and curtail fuel subsidies. These actions, driven by the government's commitment to achieving net zero emissions and reducing fiscal deficits, causing an increase in our operating costs and at the same time resulted to a growing preference among tenants for low-energy-cost solutions, especially during the property selection process.

Additionally, we understand that this shift will likely increase tenants' concerns regarding a company's stance and actions on sustainable energy practices. Further discussion on Sustainable Design/Green Building topic can be found in this Sustainability Statement.

In FYE 2024, the Group’s total energy consumption was 14,385 GJ and the breakdown is as following:

Total of Energy Consumption FYE 2024 FYE 2023 FYE 2022
Purchased Electricity (GJ) 8,654 6,872 4,075
Fuel Consumption - Gen Set (GJ) 5,731 1,686 1,341
Fuel Consumption - Transportation (GJ)
Total (GJ) 14,385 8,558 8,558
Total (MWh) 3,996 2,376 1,505
  1. The energy conversion factor used for fuel litre consumption is derived from the UK Government GHG Conversion Factors for Company Reporting 2024, 2023, and 2022, based on petrol/diesel which is 100% mineral oil.

  2. This covers diesel and petrol used in company-owned vehicles.

  3. The data for purchased electricity 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.

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

  5. Conversion factor for energy consumption of 0.2778 (GJ to MWh) in MWh is derived from UK Government GHG Conversion Factors for Company Reporting.

Emissions

We have not yet established an emission management framework or roadmap. Nevertheless, in meeting compliance requirements, we have begun to collate not only Scope 1 and Scope 2 emissions but also Scope 3 emissions. Currently, our Scope 3 emissions data is limited to business travel from mileage claims and employee commuting using their private vehicles in connection with their employment at BCB. We will review our current practices and approach to emission management in response to any changes in the regulatory environment.

Emission Type FYE 2024 (tCO2e) FYE 2023 (tCO2e) FYE 2022 (tCO2e)
Direct GHG Emission (Scope 1) 391 118 94
Indirect GHG Emission (Scope 2) 1,406 1,117 662
Scope 3 (Employee Commuting and Business Travel)  348 N/A N/A
Total GHG Emissions 2,145 1,235 756
  1. Scope 1 Emissions are direct greenhouse gas (“GHG”) 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 2024, 2023, and 2022, based on petrol/diesel which are 100% mineral oil. For 2024, the conversion factor is 2.66 for 100% mineral diesel and 2.35 for 100% mineral petrol.

  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, which is 0.585 tCO₂e/MWh

  3. We have only begun tracking Scope 3 (employee commuting and business travel) for the reporting year. We have identified opportunities for enhancement in both our communication and data collection practices.

  4. For employee commuting, emissions are obtained based on employees’ estimate of fuel consumption by way of survey. A total of 129 employees participated in this survey.

  5. For business travel, distance travelled is estimated from total mileage claims and BCB’s mileage claim policy. Subsequently, we estimated the emissions using an average petrol car size emissions factor of 0.0001645 tCO₂e/KM from UK Government GHG Conversion Factors for Company Reporting 2024. We excluded emissions from any overnight stays and any form of other travel.

Water Management

We recognise the significant impact of water scarcity, including disruptions from shortages, extended dry periods, and pollution. Water is a crucial resource for our daily operations and property maintenance. To address these challenges, we are actively working with our contractors and suppliers to evaluate the situation and develop strategies to mitigate water disruptions.

The following is a summary of the total waste generated by our Group, which consists of waste diverted from disposal and directed to disposal.

FYE Total Water Consumption (Megalitres/ MI)
2024 69
2023 65
2022 53
  1. The data above covers Elysia Park Residence sales gallery, Versis @ Batu Pahat office, HomeTree show units, sales gallery and office, Kluang office, Prime City Hotel, and BCB’s Kluang, Batu Pahat, and Kota Kemuning constructions sites.

Water Efficiency

As part of our water efficiency initiatives, we have several measures in place. This includes the Rainwater Collection and Utilisation Systems (SPAH) in numerous residential projects, where stored water is utilised for irrigation and landscaping purposes, thereby reducing our water consumption in the long run. Furthermore, dual-flush sanitary systems are installed in newer projects to minimise water wastage among customers, potentially resulting in lower water bill charges for them.

Reducing water pollution

BCB recognises that our construction activities may pollute project area waterways. To prevent drainage blockages, flooding, and ecosystem damage downstream, we ensure to remove and treat wastewater before discharging it.

Waste Management

In FYE 2024, the group generated a total of 369.78 tonnes of waste. We have observed an increase in the amount of waste directed to disposal. This increase is attributed to the expansion of our business operations, which has resulted in a higher volume of waste being produced.

The following is a summary of the total waste generated by our Group, which consists of waste diverted from disposal and directed to disposal.

Category FYE 2024 FYE 2023 FYE 2022
Waste directed to disposal 325.35 191.02 163.15
Waste diverted from disposal 44.43 36.02 16.13
Total Waste Generated 369.78 227.04 179.28
  1. This data above includes BCB’s Prime City Hotel, BCB’s Kluang, Batu Pahat, and Kota Kemuning construction sites. 

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 Aluminium
2024 10.50 5.60 14.13 9.20 5.00 44.43
2023 5.90 4.40 21.52 4.20 Nil 36.02
2022 1.00 0.60 14.03 0.50 Nil 16.13
  1. Waste diverted 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, BCB’s Kluang, Batu Pahat, and Kota Kemuning construction sites.

At BCB, the Sustainability Governance is led by the Board of Directors, with oversight from the Sustainability Steering Committee (“SSC”) and implementation by the Sustainability Working Committee (‘’SWC’’). The following represents the framework of our sustainability governance,

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 mitigation plans for identified EES risks and other related areas.

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

Sustainable Working Committee (“SWC”)

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

  2. Operationalisation and execution of sustainability strategies and initiatives and reports the progress to the SSC.

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

Assurance Statement

Information in this statement has not been assured by our internal audit function or any other independent assurance provider. The Board through management, will continuously review the need to obtain limited assurance on information disclosed in future disclosures.

Materiality Assessment

Our sustainability strategic planning processes are guided by the concept of materiality. Identifying, comprehending, and concentrating on EES issues that hold relevance for our business and industry, particularly those that significantly influence the assessments and decisions of our stakeholders, is vital to prevent significant repercussions for our organisation as a whole.

In our materiality assessment exercise, which will undergo review and enhancement in the subsequent years, we followed these steps:

Peer Review

  • Consolidated issues based on reports from local peers. Local peers were selected based on their business and operational similarities to our companies and overlapping stakeholders.

Standards & Frameworks

  • Industry standards from global frameworks (GRI Standards) and Bursa Malaysia's reporting framework have been used to identify materiality sustainable matters.

  • Input from management based on key risks identified through company's risk management framework.

Stakeholder Engagement

  • Engaged with management to obtain insights on selection and prioritisation of the material topics. We relied on insights obtained by management via continuous stakeholder engagement performed by management in the course of our business.

Materiality Assessment Prioritisation

  • Tabulated the results from the stakeholder engagement into a materiality matrix.

  • Adoption of Bursa's common sustainable materiality matters as our material topic.

Validation

  • Presented the materiality matrix to the Board of Directors for discussion and endorsement.

The following table summarises stakeholder engagement performed by management in the course of delivering our business value proposition throughout the reporting year.

Key Stakeholders How We Engage Them Key Topics

Our customers

  • Direct engagement by sales and marketing team and our top management

  • Feedback sessions

  • Property features and demand

  • Price appetite

Shareholders

  • General Meeting(s).

  • Direct engagement by board members/ top management

  • Annual Report/Corporate website

  • Financial results

  • Key business developments such as new acquisitions, launch of new projects

  • Investor relations

Employees

  • Performance appraisals

  • Team bonding and company events

  • Internal communication through face-to-face meetings, telephone calls, emails, WhatsApp

  • Information update by management

  • Staff feedback on work-related issues

  • Awareness and compliance management, especially on key legislations

  • Evolving construction and property trends

Government and Regulatory Agencies

  • Media statements by government department and senior officials

  • News 

  • Regulatory and compliance updates

  • Regulatory and compliance updates

  • Government policy (e.g. energy prices, taxations, etc)

Local Community

  • Community outreach activities

  • Corporate Social Responsibility matters

Trade Associations

  • Regular communication through meetings, emails, telephone calls, and online meetings

  • Initiatives for industry and businesses

  • Feedback and updates on regulations and government guidelines 

Suppliers

  • Regular communication through meetings, emails, telephone calls, and online meetings

  • Raw materials/manpower delivery and quality

  • Pricing 

  • Innovation in building materials and construction methods 

The materiality matrix below illustrates the BCB’s material matters for FYE 2024, aligned along the horizontal axis to indicate their impact to our business. Simultaneously, these topics are positioned along the vertical axis to reflect our stakeholder’s expectations.

In FYE 2024, we incorporated the "Sustainable Design and Green Building" topic into our material matters, recognising the increasing significance of environmentally friendly practices within our operations.

FYE 2024 Materiality Matrix

Legend

Enviromental

Social

Economic

Stakeholder Expectation

High

  • Anti-Corruption

  • Economic Performance

Medium

  • Supply Chain Management

  • Data Privacy & Security

  • Labour Practices & Standards

  • Health, Safety & Security

  • Community/Society

  • Energy Management

  • Water Management

Low

  • Diversity

  • Emissions

  • Waste Management

  • Sustainable Design/Green Building

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 external to the listed issuer
201-1 Total number of beneficiaries of the investment in communities
3 Anti-Corruption 205-2 Percentage of employees who have received training on anti-corruption by employee category
205-1 Percentage of operations assessed for corruption-related risks
205-3 Confirmed incidents of corruption and action taken
4 Supply Chain Management 204-1 Proportion of spending on local suppliers
5 Health and Safety 403-9 Number of work-related fatalities
403-9 Lost time incident rate
403-5 Number of employees trained on health and safety standards
6 Diversity 405-1 Percentage of employees by gender and age group for each employee category
405-1 Percentage of directors by gender and age group
7 Human Capital Management 404 Total hours of training by employee category
401 Percentage of employees that are contractors or temporary staff
401-1 Total number of employee turnover by employee category
N/A Number of substantiated complaints concerning human rights violations
8 Data Privacy and Security 418-1 Number of substantiated complaints concerning breaches of customer privacy and losses of customer data
9 Energy Management 302-1 Total energy consumption
10 Emissions 305-1
305-2
305-3
  1. Scope 1 emissions in tonnes of CO2e
  2. Scope 2 emissions in tonnes of CO2e
  3. Other indirect (Scope 3) GHG emissions (Business Travel and Employee Commuting)
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

Economic Performance

We acknowledge that economic sustainability involves assessing how BCB's activities impact the financial health of our stakeholders and the wider economic system, spanning local and national levels. Amidst the current challenging environment, the group's economic performance remains a significant concern for our stakeholders, including employees, suppliers, investors, and government entities.

For FYE 2024, the value creation for our stakeholders is as below:

FYE 2024
(RM’ Million)
FYE 2023
(RM’ Million)
FYE 2022
(RM’ Million)
Economic Value Generated 223 245 220
Economic Value Distributed 205 225 197
Payment to employees (e.g. salary and benefits) 20 19 16
Payment to providers of capital 18 (*) 19 19
Payment to government 11 13 13
Payment to vendors 156 174 149

(*) Inclusive of interim dividend via treasury shares distributed on 23 July 2024.

We believe that the economic success of BCB stems from our commitment to customer satisfaction and the consistent delivery of high-quality products. We uphold quality standards by following construction guidelines like the Quality Assessment System in Construction (“QLASSIC”) mandated by the Construction Industry Development Board (“CIDB”).

For more details about our business strategy and performance, please refer to the Management Discussion and Analysis section of the Annual Report.

Anti-Corruption

We are fully aware of the formidable challenges posed by corruption risk, especially given the industry in which we operate. In light of this, and in line with requirements under Chapter 15.29 of the Bursa Malaysia Main Market Listing Rules (“MMLR”), we continue to maintain policies and procedures on anti-corruption and whistleblowing that are, at a minimum, guided by the Guidelines on Adequate Procedures issued pursuant to section 17A (5) of the Malaysian Anti-Corruption Commission Act 2009.

This includes maintaining our corruption risk assessment through an annual review. The anti-bribery and corruption risk has been included in our risk registers, with risk owners from all divisions. Our risk assessment covers inbound bribery, outbound bribery, fraud, conflicts of interest, and vicarious corporate liability arising from non-compliance by our vendors and agents.

FYE 2024 (%)
Percentage of operation assessed on corruption risk 100

To ensure ongoing adherence to our anti-bribery and anti-corruption policies, we provide training for all employees at planned intervals.

We maintain effective communication and awareness through compliance monitoring, feedback sessions, discussions with top management, and employee emails.

The following table shows that all our employees have received training on anti-corruption.

Percentage of employees that have received training on anti-corruption by employee category FYE 2024 (%)
Senior Management 100
Middle Management 100
Executive 100
Non-Executive 100
  1. Foreign workers are excluded from the training.

During the reporting period, we are pleased to announce that no instances of corruption were identified or reported among our employees or business partners with respect to their employment with us.

Number of confirmed incidents for FYE 2024, 2023 and 2022  None Reported
Health, Safety and Security

We are committed to ensuring the health and safety of our employees, subcontractors, tenants, and the general public in relation to our property management and development business.

As a player in construction and property management, we adhere to the principal health and safety legislation in Malaysia, the Occupational Safety and Health Act 1994 (OSHA), including the latest amendments effective since June 2024.

In line with this, we have established policies and procedures, driven by health and safety risk assessments which we continuously review. Review and compliance monitoring of our health and safety risks are performed by health and safety officers or coordinators, in line with the requirements of OSHA. Where we rely on our vendors or contractors/sub-contractors, we ensure the same through clear communications and monitoring.  We are cognisant of the heightened corruption risk, as a result of non-compliance to relevant regulations in this particular area, therefore have linked this to our anti-corruption risk assessment and monitoring.

During this reporting year, we had no work-related fatalities at our premises and sites, and our Loss Time Incident Rate (LTIR) amongst our own employees and our sub-contractors are as follows:

FYE 2024 FYE 2023 FYE 2022
No. of work-related fatalities Employees  Nil Nil Nil
LTIR Contractors’ Worker  Nil
  1. Loss time incident rate refers to the loss of productivity associated with accidents or injuries arising out of or in the course of work.

  2. The data above covers BCB’s Batu Pahat, Kluang, and Kota Kemuning construction operations.

For the commercial properties we own and manage, we maintain a comprehensive facilities management program to ensure the safety and security of occupants, visitors, and assets. This includes installing surveillance systems, performing regular maintenance checks, and implementing emergency response plans.

We provide training for our employees on health and safety standards, aimed at addressing skill gaps and improving capabilities. In FYE 2024, 16 employees participated in these training sessions.

Number of direct employees trained on health and safety standards FYE 2024
Senior Management Nil
Middle Management 6
Executive 3
Non- Executive 7
Overall Composition 16
  1. The data above covers BCB’s Batu Pahat, Kluang, and Kota Kemuning construction operations.

Cognisant of the requirements under the law, we also have in place training program involving our sub-contractors or indirect subcontractors or any employees employed by such contractor or subcontractor at work, who act under the direction of BCB. 

Number of employees of direct or indirect (sub) contractors, who attended training session by BCB Berhad as principal employees. FYE 2024
Senior Management Nil
Middle Management 9
Executive Nil
Non- Executive 10
Overall Composition 19
  1. The data above covers BCB’s Kota Kemuning construction operations.

Sustainable Design & Green Building

A holistic approach to sustainable design and green building integrates environmental, social, and economic considerations to minimise environmental impact while maximising benefits for our customers.

This involves prioritising energy efficiency through smart design and passive technologies, conserving resources with sustainable materials, and enhancing indoor environmental quality to promote customers’ health and well-being. Additionally, it includes thoughtful site selection and urban planning for walkable communities and climate resilience.

We recognise the importance of these practices in enhancing our property competitiveness together with the escalating demand for safe and eco-friendly spaces for our customers. Moreover, sustainable design strategies such as energy efficiency and thoughtful urban planning not only lead to long-term cost savings for customers, particularly with the continuous rise in energy costs but also enhance the mobility of our customers.

In this regard, we are excited to announce the launch of Lumina Commercial Park, Iskandar Puteri, a new commercial development by Iskandar Seafront Assets and BCB Berhad, officially opened in 2024. This development spans 35 acres not only features modern design and eco-friendly practices but also across Laksamana Park, a pet-friendly green space honoring Tunku Laksamana Johor.

Phase 1 covers 10 acres and features 75 retails units. Its unique features- double-frontage shops, double-volume ceilings, and dual-ground levels- promote sustainable design by maximizing natural light, improving ventilation, and enhancing accessibility. These elements encourage walkability, reduce reliance on artificial lighting and air conditioning, contributing to energy efficiency and a healthier environment.

Lumina Commercial Park aims to be a vibrant commercial hub that embraces both innovation and community green spaces.

Moving forward, we will continue to explore ways to incorporate sustainable design and passive elements into our future projects and existing buildings to better address our customers' needs.

Community Investment

We strive to make a positive contribution to the society in which we operate through our Corporate Social Responsibility (“CSR”) programs and various initiatives. The impact of our community investment is summarised below.

FYE 2024 FYE 2023 FYE 2022
Total amount invested in the community where the target beneficiaries are external (RM’000) 166 283 251
Total number of beneficiaries of the investment in communities 11,724 N/A N/A
  1. The number of beneficiaries is based on the best estimate provided by the beneficiary organisation.

During the reporting period, we have contributed a total of RM166,000 to the community. A few of the noteworthy contributions are as follows.

In July 2023, Yayasan Kanser Tunku Laksamana Johor (TLJCF) organised a charity dinner, ‘Lights of Hope,’ to raise funds for cancer fighters in need. The support provided included medicines, special needs milk, general and surgical equipment, living expenses, and transportation to hospitals and for scan tests. BCB sponsored RM10,000 to the fund committee to help raise funds.

In May 2024, we donated RM 30,000 to Bandar Penggaram Associated Chinese Schools for Tiger Sin Chew Chinese Education Charity Performance. The funds will support students by alleviating financial burdens and encouraging academic excellence.

Supply Chain Management 

To ensure a steady supply and support the Malaysian economy, while concurrently reduce transportation emissions, we consistently prioritise local suppliers, provided they meet our standards for price, quality, performance, and ethics. As a result, 100% of our supplies for the reporting year were sourced locally.

We consistently review the performance of our vendors and communicate areas where they can improve. We consider ourselves as their business partners, acknowledging the mutual dependence between us and our vendors.

FYE 2024
(%)
FYE 2023
(%)
FYE 2022
(%)
Percentage of spending on local suppliers 100 100 100
  1. The data above covers BCB’s Batu Pahat, Kluang and Kota Kemuning construction sites.

Supplier assessment (environmental and social)

Recognising our responsibility for both our practices and the conduct of our suppliers, we engage in ongoing communication with our vendors regarding their environmental and social practices. This includes addressing issues such as forced labour, minimum wages, health and safety, and environmental management – in order to ensure continuous compliance with local law.

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.