Sustainable Business Growth
A sustainable business transcends growth in financial terms. It encompasses a healthy balance between economic wellbeing, environmental stewardship and social responsibility to create positive and lasting impact for stakeholders. Pantech Group strives to create value not only for our shareholders, but also for our employees, suppliers, vendors, customers and society at large.
Economic Performance
Decent Work and Economic Growth
In addition to job creation for local communities, Pantech Group implements robust health and safety measures within the workplace and fosters a supportive work environment that prioritizes employee well-being.
- Economic performance directly supports the creation of positive and lasting value for stakeholders
- Provide decent employment opportunities, which can cascade into economic development within local communities
- Maintain a robust catalogue of pipes, valves and fittings
- Prudently managing cashflow and utilising capitals, guided by due diligence, monitoring, risk and opportunities assessment
- Continuous learning and improvement with relevant trainings
| FY2022 (RM’000) | FY2023 (RM’000) | FY2024 (RM’000) | |
|---|---|---|---|
| Direct Economic Value Generated | 753,052 | 1,040,109 | 950,940 |
|
751,479 | 1,037,839 | 946,631 |
|
1,573 | 2,270 | 4,309 |
| Operating Costs | 577,616 | 797,106 | 725,394 |
|
546,803 | 748,500 | 700,397 |
|
30,813 | 48,606 | 24,996 |
| Employee Wages and Benefits | 57,148 | 67,052 | 68,564 |
|
57,148 | 67,052 | 68,564 |
| Payments to Providers of Capital | 28,582 | 54,228 | 60,276 |
|
5,340 | 9,052 | 10,556 |
|
23,242 | 45,176 | 49,719 |
| Community Investments | 129 | 112 | 107 |
|
129 | 112 | 107 |
| Payments to Government | 15,658 | 38,008 | 32,844 |
|
15,658 | 38,008 | 32,844 |
| Economic Value Distributed | 679,133 | 956,506 | 887,185 |
| Economic Value Retained | 73,919 | 83,603 | 63,755 |
Further reading on our financial reports are available on our website: https://pantech-group.com/investor-relations/.
Supply Chain Management
Decent Work and Economic Growth
In addition to job creation for local communities, Pantech Group implements robust health and safety measures within the workplace and fosters a supportive work environment that prioritizes employee well-being.
Industry, Innovation and Infrastructure
We strive to adhere to standards and regulations that promote sustainable growth in addition to investing in technologies that enhance infrastructure and foster innovation in our operations.
Peace,Justice and Strong Institutions
Pantech Group upholds the goal through ethical business practices, offering a secure reporting channel for misconduct and promote a diverse and inclusive workplace, contributing to a peaceful and just society.
Partnerships for the Goals
Collaborating with stakeholders to achieve Sustainability objectives.
Pantech is committed to practice responsible sourcing with a focus on supply chain resilience. Our commitments include:
- All products and components are traceable to their origin
- Support local businesses and fostering partnership with local SMEs whenever feasible
- Encourage sustainability collaboration with suppliers
- Practice fair and ethical procurement
- Conscious sourcing by including social and environmental considerations in procurement practices
- Preference for local suppliers to support local economy whenever feasible
- Foster open communication to build trust with suppliers and vendors
| FY2022 | FY2023 | FY2024 | |
|---|---|---|---|
| Proportion of spending on local suppliers | 36% |
PANTECHCORP