Top Glove remains in the Dow Jones Sustainability Indices (DJSI) under the Emerging Markets category for the third year, making it one of the three Malaysian companies to be included on the Index.
The other two companies are PETRONAS Chemicals Group Berhad and MISC Berhad.
Top Glove is also the only Malaysian healthcare manufacturing company, and one of three (3) healthcare industry companies to be included on this year’s DJSI under the Emerging Markets category.
The glove maker is among the top 10% in the Health Care Equipment & Supplies industry category globally in the S&P Global Corporate Sustainability Assessment as at the score date of 12 November 2021; a commendable increase from the previous year, when it stood among the top 19% of its peers.
“We congratulate Top Glove for being included in the Dow Jones Sustainability Index (DJSI) for Emerging Markets. A DJSI distinction reflects being a sustainability leader in your industry,” Manjit Jus, Global Head of ESG Research, S&P Global, said in a statement yesterday.
“The record number of companies participating in the 2021 S&P Global Corporate Sustainability Assessment is testament to the growing movement for ESG disclosure and transparency.”
The DJSI, operated by S&P Global, headquartered in the United States, is the world’s foremost provider of ratings that evaluate the world’s leading companies in terms of ESG criteria.
In its recently released FY2021 Integrated Annual Report, the world’s largest manufacturer of gloves outlined its efforts to step up its ESG initiatives, having declared Y2021 as Top Glove’s Year of ESG and establishing ambitious interim targets to be attained by FY2025 as it works towards a net zero carbon roadmap and target setting.
The Company aims to achieve zero carbon emissions at its water treatment plants by FY2022 and at its office premises and warehouses by FY2025.
It also Further, aims to reduce 25% of carbon emission intensity by FY2025, against a base year of FY2021.
In 2021, Top Glove said it has made strides to cement its position as an employer of choice to 22,000 people by strictly enforcing its Zero Cost Recruitment Policy for foreign workers; investing RM220 million to improve accommodation for its 13,000 foreign workers;strengthening its employee independent grievance channels; and running robust health, safety, and security initiatives for all employees, including successfully inoculating its entire workforce against Covid-19.
It further said that it contributed RM2.2 billion in income tax towards nation building and to promote sustainable economic growth; and provided RM191 million worth of financial aid, personal protective equipment, and medical devices to support communities and frontliners during the pandemic.
Top Glove added that it has provided 9,720 job opportunities of which 85% were offered to Malaysians across all levels and divisions in FY2021.