At Cape, we remain focused on our commitment to reach net zero emissions by 2040 and do our part to advance climate action, even as we evaluate the impact of energy-intensive end markets and the increased power consumption requirements across our footprint. One major growth area for Cape moving forward is in our circular economy solutions. As our customers focus on their climate commitments and become increasingly interested in how their products are repaired, refurbished, and recycled, we are excited to help them develop and implement tailored circular solutions to prolong a product’s life and shift from a take, make, and waste approach. In this coming year and beyond, we will continue our disciplined approach to building and sustaining momentum toward our sustainability targets while keeping a pulse on trends transforming the sustainability landscape, including new reporting standards, and seeking ways to embed transparency and accountability at all levels of the organization. For example, we linked Environmental, Social, and Corporate Governance (ESG) goals to executive compensation starting in our fiscal year 2023, demonstrating our leadership team’s commitment to sustainability. As always, I extend a heartfelt thank you to our Cape employees, suppliers, and partners for your ongoing dedication and appreciate your interest in our sustainability journey. Making progress to help improve the world requires deep collaboration and shared responsibility, and we could not do it without your continued support.
 

Regards,
Christina Tee

This letter from the CEO page is structured to reflect the sustainability initiatives and future commitments of Cape EMS Berhad, as outlined in the provided document and the updated information.

The Board of Directors holds the highest authority over the Group’s sustainability strategy and governance, reviewing and approving all sustainability-related policies and initiatives. The Sustainability and Risk Management Committee (“SRMC”) assists the Board in overseeing the Group’s management of key sustainability matters, reviewing and highlighting key sustainability performance, progress, and challenges to the Board. In carrying out its responsibilities to oversee the identification and assessment of risks facing the business, the SRMC also considers sustainability matters including health and safety, data governance and privacy, and climate-related risks. The Group Chief Executive Officer leads the implementation of sustainability strategies approved by the Board and works together with the Group Sustainability Oversight Committee (“GSOC”), which is entrusted by the SRMC with the duty to execute the Group’s sustainability strategies and initiatives covering economic as well as the three main pillars of sustainability which are environmental, social, and governance as well as embedding sustainability practices into the Group.

Cape is pleased to present its Sustainability Statement outlining the Group’s Environmental, Social, and Governance (“ESG”) principles, commitment, and performance of sustainability-related matters. This Statement communicates the Group’s journey towards embedding sustainability in the business and daily operations whilst considering the interests of our stakeholders and business growth. The scope of this Statement covers the sustainability practices of Cape and its wholly-owned subsidiaries, namely Cape Manufacturing(M) Sdn Bhd (“Cape Manufacturing”) and Cape Holdings (S) Pte Ltd (“Cape Singapore”), covering both financial and non-financial aspectsfor the period from 1 January 2023 to 31 December 2023, including comparative historical data where available.

Our Purpose

Our purpose is to make great products for our customers that create value and improve people’s lives. At Cape EMS Berhad, we are dedicated to delivering high-quality, reliable products that meet and exceed the expectations of our customers. We believe that our success is inherently tied to the success and satisfaction of those who use our products. We place a strong emphasis on innovation, continuously investing in advanced technologies and sustainable practices. This not only allows us to stay at the forefront of our industry but also ensures that we are contributing to a more sustainable future. By integrating cutting-edge solutions, we are able to create products that are not only efficient and effective but also environmentally friendly. Our commitment extends beyond just the products we create. We aim to make a positive impact on the communities we serve. This includes supporting local economies through job creation, participating in charitable donations, and engaging in community programs that foster growth and development. We understand that our responsibilities as a company reach far beyond our immediate business goals. Employee well-being is also a cornerstone of our purpose. We strive to provide a workplace that is safe, inclusive, and supportive, ensuring that every team member has the opportunity to grow and thrive. By promoting a culture of respect and continuous improvement, we are able to foster a work environment that encourages innovation and excellence. Ultimately, our goal is to create value not just for our customers, but for society as a whole. We are committed to making products that improve lives, drive progress, and contribute positively to the world. Through our dedication to quality, sustainability, and community engagement, we aim to build a legacy of excellence and social responsibility.

Our Values

Governance Structure
Cape EMS Berhad’s sustainability strategy is integral to our business vision. Our Board of Directors holds the highest authority over our sustainability strategy and governance, ensuring that all policies and initiatives align with our long-term objectives. The Sustainability and Risk Management Committee (SRMC) assists the Board in managing key sustainability matters, highlighting performance, progress, and challenges.

We are committed to embedding sustainability into every aspect of our business. Our strategy focuses on creating a positive impact on the environment, society, and our business operations. We have adopted a robust ESG management system to ensure consistent implementation across all our sites.

Cape EMS Berhad is dedicated to integrating sustainability into every facet of our business, ensuring that we create value for our stakeholders while making a positive impact on the world. Through our comprehensive ESG strategy, robust governance structure, and continuous stakeholder engagement, we are committed to achieving our sustainability goals and driving long-term success.