Sustainability has always been a part and parcel of Kossan’s culture as we strive to achieve continual financial performance and uninterrupted growth.
Recognising the ever-increasing relevance of sustainability in our business value, our maiden statement on sustainability aims to illustrate our strategic approach to address sustainability challenges and opportunities in contributing towards the betterment of the business, environment and society.
Through the Group’s stakeholder engagements, we have identified and grouped three key themes of sustainability practices in which the Group is positioned to add value i.e. sustainable business growth, environmental stewardship, and social responsibility.
To further elaborate Kossan’s sustainability endeavour and commitment, this Sustainability Statement is structured into four sections. The first section gives an overview of and highlights the scope of this Statement. The second section sets out the Group’s governance structure in managing the material sustainability matters while the third section records the processes that we have undertaken to identify and prioritise the material matters. The fourth section reports on the Group’s practices and performance in managing the material sustainability matters.
Unless otherwise stated, the Sustainability Statement for Year 2016 covers two of Kossan’s business divisions i.e. Gloves and Technical Rubber Products (“TRP”) in Malaysia which collectively contributed 96 per cent of the total sales revenue for the financial year ended 31 December 2016.