INTEGRATED ANNUAL REPORT 2025 • QL RESOURCES BERHAD INTEGRATED ANNUAL REPORT 2025 • QL RESOURCES BERHAD pg.42 pg.43 03 04 05 06 07 08 01 ABOUT THIS REPORT QL AT A GLANCE CHAIRMAN’S STATEMENT MANAGEMENT DISCUSSION AND ANALYSIS SUSTAINABILITY STATEMENT LEADERSHIP & GOVERNANCE FINANCIAL STATEMENTS APPENDICES 02 03 04 05 06 07 08 01 ABOUT THIS REPORT QL AT A GLANCE CHAIRMAN’S STATEMENT MANAGEMENT DISCUSSION AND ANALYSIS SUSTAINABILITY STATEMENT LEADERSHIP & GOVERNANCE FINANCIAL STATEMENTS APPENDICES 02 SUSTAINABILITY STATEMENT SUSTAINABILITY STATEMENT GHG Emission, Avoidance & Intensity 000 tCO2e tCO2e/RM Mil Revenue 0 FY23 FY24 FY25 MPM ILF POCE CVS GROUP FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY25 0 240 75 200 60 160 45 120 30 15 80 40 Emission Avoided Scope 2 Scope 3 Scope 1 GHG Intensity Tracking and Managing ClimateRelated Performance QL tracks emissions intensity ratios to assess relative progress across diverse business operations. Since FY2021, QL has set a GHG emissions intensity reduction target of 20% by FY2026, having FY2020 as the baseline year (37.1 tCO2e/RM million revenue), applicable across the Group. In efforts to achieve the target, we monitor and manage GHG emissions through internal mechanisms to track performance consistently across our business segments. This enables informed decision-making, strategic planning, and accountability across the organisation. Looking ahead, QL would review our climate-related targets as we continue to strengthen our climate governance and data capabilities. This includes plans to further define emissions reduction goals as we plan for Net Zero and relevant decarbonisation initiatives, expand renewable energy capacity, such as solar energy adoption and enhance energy efficiency. To strengthen accountability, QL has linked GHG-related KPIs to the remuneration of senior management and sustainability reporting staff, encouraging a stronger commitment to achieving our targets. Advancing Climate Data Management and Verification QL is strengthening the reliability of our climate-related data through improved systems, reporting processes, and internal validation. As part of the assurance process, structured verification checks are being implemented at the subsidiary level, with enhanced consolidation and oversight at the Group level. We refer to GHG Protocol and IPCC guidelines, along with other related internationally and market acknowledged methodologies in our GHG accounting practice. This includes maintaining the accuracy and consistency of Scope 1 and 2 reporting and exploring readiness for other category of Scope 3 emissions disclosures. The Group Internal Audit Department performed limited assurance review for climate data as illustrated in the Limited Assurance Statement on page 82, which assesses data collection processes, internal control measures, and calculation methodologies for disclosures in the Sustainability Statement. To further enhance credibility and transparency, QL is exploring the engagement of third-party assurance providers for selected environmental metrics in future reporting cycles. To further reduce our GHG emissions and reliance on fossil fuels, we continued to expand our renewable energy portfolio in FY2025. During the year, we installed an additional 1.6 MWp solar capacity at QL Foods Sdn. Bhd., 800 kWp solar capacity at QL Marine Products Sdn. Bhd. and 1 MWp solar capacity at QL Figo (Johor) Sdn. Bhd., increasing our total installed capacity to 16.13 MWp. In FY2025, we consumed 891,801.53 GJ of energy from solar, biogas and biomass sources, which avoided 24,034.73 tonnes of CO2e emissions. Both our renewable energy consumption and GHG avoidance decreased compared to FY2024. The reduction was mainly due to lower biomass generated energy stemming from lower production volumes of fishmeal and palm oil. Water Security Performance • 3,747.67 m3 of rainwater harvested for non-potable uses Our Approach WS Harnessing Renewable Energy Responsible Water Resource Management In efforts to plan for a more sustainable and resource efficient water management, we identify operations located in areas known or projected to have water stress risks. Across the Group, approximately one-fifth of our facilities are situated in areas expected to experience low level of water stress. At our operational sites, we have installed water flowmeters to closely monitor consumption patterns and promptly detect potential leakages in our distribution systems. This helps reduce water waste and enhances operational efficiency. The Group’s water intensity for FY2025 increased by 6.1% compared to FY2024, which is attributed to MPM. The water intensity at the MPM pillar increased by 16.9%, primarily due to higher water usage in the cleaning processes of MPM production. This increase aligns with our continued commitment to maintaining hygiene standards and fulfilling operational requirements. Water Withdrawal & Intensity 000 m3 m3/RM Mil Revenue 0 FY23 FY24 FY25 MPM ILF POCE CVS GROUP FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY25 0 4,000 2,000 3,000 1,600 2,000 1,200 1,000 800 400 River Water Lake Water Groundwater Municipal Water Withdrawal Intensity Solar panels at QL Foods Sdn. Bhd. Despite operating in countries rich in water resources, we acknowledge that water scarcity has become more prevalent and poses threat to communities and economies. As our operations rely on a stable and sufficient water supply, we are committed to conserving resources and improving efficiency across all our operation sites. We manage water withdrawal and consumption responsibly, following industry best practices.
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