Developing a Comprehensive ESG Reporting for Bee Hiang: Strategies for Enhancing Corporate Sustainability and Transparency

Sim, Xin Juo (2024) Developing a Comprehensive ESG Reporting for Bee Hiang: Strategies for Enhancing Corporate Sustainability and Transparency. Masters thesis, Tunku Abdul Rahman University of Management and Technology.

Text 58. Sim Xin Juo (MCG).pdf Restricted to Registered users only Download (12MB)

Abstract

This Environmental, Social, and Governance (“ESG”) report provides a comprehensive overview of the sustainability initiatives and performance metrics of Bee Hiang for the year 2023. It is structured around the core pillars of ESG: Environmental, Social, and Governance practices, reflecting their commitment to integrating sustainable principles into their business operations and strategic decisions. In the environmental domain, the report details Bee Hiang’s efforts in reducing greenhouse gas (GHG) emissions, enhancing energy efficiency, and managing waste through innovative recycling programs. It highlights their achievements in lowering carbon footprint and strategies for energy diversification that aim to mitigate risks associated with volatile energy costs and supply chain sustainability. From a social perspective, the report examines Bee Hiang’s practices in occupational health and safety, employee engagement, diversity and inclusion, and community engagement. It discusses the implementation of initiatives that not only support their workforce but also contribute positively to the communities in which they operate. These include extensive employee training programs, community support activities, and proactive approach to ensuring a safe and inclusive workplace. Governance in Bee Hiang is addressed through a discussion on robust policy commitments, risk management frameworks, and ethical business practices. The report outlines their governance structures and policies that ensure accountability, transparency, and integrity in our operations. This ESG report is designed to inform shareholders, investors, and other stakeholders of their efforts to address global challenges such as climate change, social inequality, and corporate governance. It aims to underscore dedication to not just financial performance but also to the stewardship of environmental, social, and corporate governance capitals. Through this report, Bee Hiang reaffirms their commitment to sustaining long-term value creation for stakeholders while contributing positively to society and the environment