Developing an ESG Reporting Framework for CRFG Malaysia Berhad: Addressing Challenges and Enhancing Transparency

Chang, Vui Titt (2025) Developing an ESG Reporting Framework for CRFG Malaysia Berhad: Addressing Challenges and Enhancing Transparency. Masters thesis, Tunku Abdul Rahman University of Management and Technology.

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Abstract

This Environmental, Social, and Governance (ESG) report presents a comprehensive overview of the sustainability initiatives and performance of CRFG Malaysia Berhad for the financial year 2024. The report is structured around the three core ESG pillars which are Environmental, Social, and Governance, demonstrating the company’s commitment to embedding sustainable practices within its operations, corporate culture, and strategic direction. On the environmental front, the report outlines CRFG Malaysia Berhad’s proactive efforts to reduce greenhouse gas (GHG) emissions, improve energy efficiency, and implement effective waste management through innovative recycling and resource conservation programs. It highlights key achievements in reducing the company's carbon footprint and advancing energy diversification strategies aimed at mitigating risks related to energy price volatility and supply chain resilience. From the social perspective, the report explores initiatives related to occupational health and safety, employee engagement, workforce diversity and inclusion, and community involvement. It highlights CRFG Malaysia Berhad’s efforts to foster a safe, inclusive, and empowering work environment, as well as its active role in contributing to the well-being of the communities in which it operates. In terms of governance, the report details the company’s robust policy fra mework, internal controls, risk management systems, and ethical business conduct. It emphasizes CRFG Malaysia Berhad’s commitment to transparency, accountability, and integrity through strong governance practices that align with both regulatory standards and stakeholder expectations. This ESG report serves to inform shareholders, regulators, and other stakeholders of CRFG Malaysia Berhad’s dedication to addressing global challenges such as climate change, social inequality, and ethical governance. It reinforces the company's commitment to long-term value creation that balances financial performance with responsible stewardship of environmental, social, and governance capital.