Glossary
Carbon emissions
The release of extra carbon dioxide (CO2) into the atmosphere resulting
in an increase of global temperature.
FMCG (Fast moving consumer goods)
Products that are sold quickly and at a relatively low cost.
GRI (Global Reporting Initiative)
A multi-stakeholder standard for sustainability reporting, providing
guidance on determining report content and indicators.
GST (Goods and Services Tax)
A fixed 6% goods and services tax payable pursuant to the Goods
and Services Tax Act 2014. It is part of a tax reform programme by the
Malaysian government and implemented from 1 April 2015 onwards.
Independent Director
A director who is independent of management and free from any
business or other relationships that could interfere with the exercise of
independent judgement. (Source: Bursa Malaysia Listing Requirements)
NGO (Non-Governmental Organisation)
An independent voluntary organisation working towards a common
purpose, often for social or environment motives.
Stakeholders
Individuals and groups who have an interest or stake in the organisation
and are able to influence the organisation’s ability to meet its goals.
Some examples of groups with organisational interests are customers,
employees, investors, suppliers, general society and the world
ecological community.
Stakeholder Engagement
This is an ongoing process between a company and its stakeholders,
encompassing a range of activities and approaches, from information
sharing and consultation, to participation, negotiation and partnerships.
(Source: IFC)
Sustainability
A term expressing a long-term balance between social, economic and
environmental objectives. Often linked to sustainable development,
which is defined as “development that meets the needs of current
generations without compromising the needs of future generations”.
Thermal Energy
A process whereby energy in the form of heat is exchanged from one
physical object to another.
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