Annual Report (Complete) - MYCRON Steel Berhad

Corporate Social Responsibility
The Group recognises its social obligation as an integral part towards being an internationally competitive marketplace. To create
long-term value for our stakeholders, we will build on our platform of supporting strong corporate governance by providing a conducive
workplace, embedding environmental and social considerations into our operations. We will strive to develop and maintain policies
and practices that promote positive social and environmental impact.
WORKPLACE
The Group wants to be recognised as a responsible employer, offering fair employment practices and remuneration, a safe working
environment, provides training and support for skill enhancement, ensuring work-life balance. To this end, the Group wants to be a
company that respects all employees and promote human rights within our sphere of influence. The Group continues to provide training
programmes for employees to ensure they are equipped with appropriate skills and knowledge to grow and prosper together with the
Group they work for. The Group has also implemented a policy whereby employees are rewarded when safety measures are adhered
fully with no lost time injury in their workplace. We adapt “Safety First” as our work culture in our operations and business activities.
Besides the above, the Group also ensures that all employees are adequately provided for with medical and hospitalisation benefits as
well as health and personal accident insurance. Whilst we continuously seek to improve the performance of our people, we also strive
to create a balanced workforce whereby social gatherings and recreational activities are encouraged. These include Annual Dinners,
sports tournaments, weekly sports events and the establishment of a staff recreational club to encourage physical well being, greater
employee interaction, as well as to cultivate team spirit amongst the employees.
ENVIRONMENT
The Group embeds an environment-friendly management system in our operational process and business activities in compliance with
the applicable environment regulations and laws at all times. We also recognise the importance of improving the environment in which
we operate and we endeavour to use our unique access to encourage other companies to address this need.
The Group constantly monitors areas of environmental concerns relating to its businesses in order to prevent damage to the environmental
resources. In 2010, we implemented a rainwater-harvesting project. The rainwater is harvested, filtered, treated and stored before it is
utilised in our cold rolling production process. This project would help to reduce our dependency on the water supply by approximately
ten percent (10%). In the long run, the rainwater- harvesting project will help to replenish the depleting water resources as well as better
environmental resources management.
We have also undertaken a study to conserve electrical energy through an E-Energy Saver project from a leading energy management
technology from Korea that promises a way of revolutionising energy efficiency through a patented technology known as ‘Balanced
Wave’. To this end, the Group is exploring feasible opportunities to prevent wastage of resources with an estimated ten to fifteen
percent (10-15 %) of electrical consumption being saved from our operations and business activities.
COMMUNITY
As a socially conscious corporate citizen, we are also concerned of the safety and security in our neighborhood community. Since 2009,
when the Neighborhood Watch Programme (NWP) Section 16 Shah Alam was established, we have been actively participating in the
programme. The main objective of the programme is to establish an information sharing network as well as to foster better cooperation
in improving safety and security measures in community areas. To attain this objective, the Group always support various activities
carried out by local authorities such as Majlis Bandaraya Shah Alam, Polis Diraja Malaysia and Jabatan Bomba.
The Group also continues to look out for the well-being of orphans by responding to fund-raising requests from orphanages, for example
The Budimas Charitable Foundation, a foundation specifically set up to care, nurture homeless children to which the Group has
committed to support and make donation to on a regular basis. The Group believes that children are our next generation of leaders
and must be taken care in such healthy and harmonious environment.
THE MARKET PLACE
The Group is committed in building a sustainable, innovative and competitive marketplace that is receptive to the needs of our
stakeholders and takes into consideration the key social and environmental issues to aid in the formulation of best practices. The Group
ensures the delivery of quality through enhancement of quality meeting its standards of excellence provision of products and services
that address our stakeholders’ needs and aspirations.
To achieve the best standards of quality, the Group embarked on an ISO accreditation and was accredited with MS ISO 9001:2000 in
October 2002 and is currently working on further accreditation with MS ISO 9001:2008. We take pride that our products meet international
standards that are recognised worldwide.
This, together with the securing of fair profits, fair employment and continuously improving on its best practice business strategies
constitutes the foundation of our business and fundamental Corporate Social Responsibility.
pg 8 | Mycron Steel Berhad