ESG Compliance

VSP Technology (M) Sdn. Bhd. and XPS Industries (M) Sdn. Bhd. are fully committed to Environmental, Social, and Governance (ESG) compliance and actively engage in initiatives that support these principles. ESG is not just a global trend—it is deeply aligned with our core values, reflecting our dedication to environmental stewardship, social responsibility, and strong corporate governance.

Environmental Commitment
Climate change is one of the most urgent global challenges, and we recognize its significant implications for our business, our suppliers, and the broader value chain. As part of our strategic response, we identified climate change as a key priority and took concrete steps to address it.

In 2021, we joined The Zero Carbon Project (TZCP)—an initiative launched by our strategic customer, Schneider Electric—aimed at reducing greenhouse gas (GHG) emissions across the supply chain. As a result of our continued efforts, we are proud to share the following milestone:

The table below presents our Scope 1 and Scope 2 emissions data for the year 2024, benchmarked against the baseline year of 2015. We are pleased to announce that we have successfully achieved our 2024 target of a 50% reduction.

Further reinforcing our environmental commitment, we continue to maintain ISO 14001:2015 certification for our Environmental Management System. Additionally, we have achieved ISO 14064-1:2018 certification for GHG Verification Statements in both 2023 and 2024, verified by MYCO2 (LMS).

Social and Governance Focus
While our environmental initiatives are strong, we are equally focused on strengthening the Social and Governance pillars of ESG. We are committed to enhancing our practices in these areas, ensuring compliance with relevant standards, and upholding responsible, ethical business conduct across all levels of our organization.