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Sustainable Business Growth

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

Related UN SGDs

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.

Why is this important

  • 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

Our Approach

  • 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

Our Performance

FY2022 (RM’000) FY2023 (RM’000) FY2024 (RM’000)
Direct Economic Value Generated 753,052 1,040,109 950,940
  • Revenue
 751,479 1,037,839 946,631
  • Interest Income
 1,573 2,270 4,309
Operating Costs 577,616 797,106 725,394
  • Materials, operating and administrative expenses
 546,803 748,500 700,397
  • Selling and distribution expenses
 30,813 48,606 24,996
Employee Wages and Benefits 57,148 67,052 68,564
  • Wages, salaries, defined contributions and others
 57,148 67,052 68,564
Payments to Providers of Capital 28,582 54,228 60,276
  • Interest payments
 5,340 9,052 10,556
  • Dividend paid to shareholders
 23,242 45,176 49,719
Community Investments 129 112 107
  • Contributions to charities, community and social programmes
 129 112 107
Payments to Government 15,658 38,008 32,844
  • Tax expense
 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

Related UN SGDs

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.

Why is this important

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

Our Approach

  • 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

Our Performance

FY2022 FY2023 FY2024
Proportion of spending on local suppliers 36%