We’re a business with a clear determination: “To Be A Respected Global Company By Protecting Lives Through Purposeful Rubber Products”. We stand guided by our values and committed to:
We strive to foster lasting and mutually beneficial business relationships with colleagues, customers, suppliers, and partners, ensuring a win-win outcome for all involved.
KOSSAN Sustainability Policy emphasize on the alignment of sustainability goals and our business strategies with an objective "Creating Shared Value Through Sustainable Ecosystem". Our sustainable ecosystem comprises of 5 components:
Continuous improvement and adopt better practices to ensure better result and outcome with zero or minimal negative impact to the environment and social
Encourage innovative sustainable solutions
Enhancing our operational methodologies and establish a learning organization
Do the right thing, for what it is worth, with integrity and high standards
Instill trust and mutual respect with internal and external stakeholders
To make our Policy more effective and liveable, we have designed The Twelve (12) Sustainability Principles integrated within our KOSSAN Sustainability Policy. This reflects the way we run our business and act as a set of parameters that structured the way KOSSAN executes the strategic and operational plans.
The Twelve (12) principles are also embedded in our day-to-day operations to ensure we safeguard our environmental stewardship, bring values throughout our social engagement and upholding the highest standard of governance practices.
We call it as 
– defined as KOSSAN will continue to exist, prosper, and be remembered for the values we’ve created in everyone’s life throughout our journey.
Maximisation of financial capital and stakeholders interest
(Consistency in creating wealth & profit for the Company)
Strengthen governance and integrity management
(Upholding the highest integrity standard and compliance to rules and regulations)
Partnership & collaboration
(Welcome internal & external collaboration to create and share good values & best practices)
Responsible corporate citizen
(Our aim remains to produce sustainable and eco-friendly products causing no harm to the environment, biodiversity and community)
Climate change resilience
(Carbon neutral readiness)
Continuous measure & improve environment performance
(High Performance in ESG stewardship)
Focus and dynamic human resources
(High performance employee that align to Kossan’s Vision and Mission)
Fair & ethical treatment
(Responsible & caring employer creating a safe working environment)
High performance culture
(Diversified and high-performance culture that translates into positive results)
Innovative Research & Development
(New competitive advantages to lead the market in the right direction)
Digitalize and Digitize (Digitalisation)
(Transformation that creates excellence strategies which meet industrial revolution)
Growing Intellectual Capital
(Exclusive unique with premium branding)
Protecting environment and preserve green ecosystem for future generations
Responsible corporate citizen fostering values through accountable actions
Uphold highest standard of governance practices and ensure compliance to laws and regulations to preserve the integrity of our brand reputation
Our Sustainability Statement aims to provide our stakeholders with targeted, transparent, and integrated communication about sustainable development. The Statement is prepared in compliance with paragraph 29, part (a) of appendix 9C of the Main Market Listing Requirements and guided by the Sustainability Reporting Guide and toolkits issued by Bursa Malaysia.
We wish to reiterate that sustainability has always been and will be part and parcel of KOSSAN’s strategy as we strive to create sustainable shared valued for our stakeholders.
Our Sustainability Statement has been prepared in accordance with:
Preparation of the Statement also in reference to the following:
We have earned a Bronze Medal for our sustainability performance from EcoVadis, placing us in the top 35% of companies assessed by EcoVadis globally.
We are proud to have disclosed our environmental data through CDP in 2023 along with 23,000+ companies and scored “C” for both Climate Change and Water Security disclosures. It is crucial now more than ever to be transparent when it comes to the climate breakdown risks poses to businesses, investors and the planet.
We are proud to announce that we have received the prestigious Worldwide Responsible Accredited Production (WRAP) GOLD Certification. This serves as a strong proof of our firm devotion and commitment towards maintaining ethical and responsible business practices.
In 2023, we received a rating of A (on a scale of AAA-CCC) in the MSCI ESG Ratings assessment
We successfully entered the Malaysia Book of Records for being the first glove manufacturer in the country to establish a strategic partnership with Bank Negara Malaysia (BNM) for its Greening Value Chain (GVC) programme to help SMEs in decarbonisation.
Included as a constituent in the FTSE4Good Bursa Malaysia Index and FTSE4Good Bursa Malaysia Shariah Index in December 2023 for our noteworthy ESG performances.
FTSE Russell (the trading name of FTSE International Limited and Frank Russell Company) confirms that Kossan Rubber Industries Bhd has been independently assessed according to the FTSE4Good criteria, and has satisfied the requirements to become a constituent of the FTSE4Good Index Series. Created by the global index provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.
As of October 2023, we received an ESG Risk Rating of 14.56 from Morningstar Sustainalytics and was assessed to be at LOW risk of experiencing material financial impacts from ESG factors.
Received “Green Initiative Award” from ACES Awards.
This honor is a powerful testament to our effort on the environment and our industry. This enhance our commitment to sustainable practices and encourages us to continue striving for excellence.
(NYSE, New York, U.S.A.)
(Kuala Lumpur, Malaysia)
(Auditorium Sasana Kijang, Bank Negara Malaysia)
We acknowledge that to secure long-term sustainability and generate value, we must prioritize an exceptional approach to managing our ESG focus areas.
Our business operates by relying on the abundance of natural resources available to us. In order to effectively implement our strategy, it is imperative to prioritize the security and reduction in the usage of them. Being a global business, we are fully aware of our obligation towards global society and committed to enhance our efforts in eliminating the negative impact to the environment, which is why we are taking initiatives to drive it forward.
In KOSSAN, we embrace people-first approach to act responsibly towards the people and communities in which we operate by creating a positive workforce culture and quality relationship with the society.
Integrity is ingrained in every action we take. We are obliged to our shareholders and customers to conduct ourselves as a respected global enterprise. At our core, we manage our business by upholding the highest standards of governance with utmost honesty, transparency, and accountability and committed to provide top-notch product quality by striking a harmonious equilibrium between sustainable practices and optimizing profitability.
Adherence to applicable environmental laws and rules that are crucial to conduct our business responsibly.
Committed to remain in tune and responsive to all national and local environmental regulations that pertain to our industry, in addition to global standards and norms.
Handling the disposal of both hazardous and non-hazardous waste from our business operations.
Determined to minimise waste as a result of our production processes and improve circularity across our business to address prevalent issues caused by landfills such as land contamination and heightened carbon emissions.
Addressing climate risk and opportunities across our value chain and minimise greenhouse gas emissions into the atmosphere.
Steadfast dedication to take strategic approach focused on reducing emissions as climate change is a matter than must be considered and addressed.
Sound water management and responsible effluent discharge across our operation.
Endeavor to improve water footprint and minimising environment impact of effluent discharged from our business activities to ensure water and sanitation accessibility.
Treating our people and those that work with us fairly and ensuring their fundamental rights are safeguarded and respected. Including but not limited to prohibition of modern slavery and forced labour, prohibition of child labour and protection of young people at work, prohibition of torture and inhuman or degrading treatment, right to life, freedom of opinion and expression, equality and non-discrimination and labour rights.
Stauch advocate for decent work in accordance with international standards through continuously advancing our effort in tackling human rights risks across our own operation and our supply chain, and upholding a fair, sustainable, and inclusive workplace for all.
KOSSAN IS COMMITTED THROUGH COMPLIANCE WITH EMPLOYMENT LAWS, REGULATIONS, STAKEHOLDER REQUIREMENTS AND BEST PRACTICES TO ENSURE NO KOSSANIANS OR THOSE IN OUR SUPPLY CHAIN ARE SUBJECTED TO FORCED LABOUR.
Forced Labour, all work or service exacted from any person under the menace of penalty and for which the said person has not offered himself voluntarily is also called Modern Slavery.
It is an umbrella term that encompasses forms and indicators such as prison labour, indentured labour, bonded labour, debt bondage, child labour - including the worst forms of child labour and human trafficking which may occur due to abusive working and living conditions, restriction of movement, abuse of vulnerability, isolation, physical or sexual violence, intimidation, threats, retention of identity documents, withholding of wages or deception which are used to deceive workers or coerce workers, thereby creating situations of involuntary work and exploitation.
Our focus is on ensuring fair, safe and healthy working conditions for all our workers that are in alignment with all of our stakeholder’s requirements.
We treat all cases of forced labour, modern slavery and human trafficking as zero-tolerance issues.
The Company shall not recruit or employ a CHILD or YOUNG PERSON. The company may only employ adults (18 years old and above).
Furthermore:
If for any reason, the company finds that a Child worker is under its employment, (i.e oversight, misrepresentation, false/incorrect identification documents, etc), the company recognizes that the safety and protection of the Child is of paramount importance and Child Labour Remediation Procedure shall be followed.
It is the responsibility of local plant management and Human Resources Department to implement and ensure compliance of this policy at all times.
The Kossan Group is committed to providing a work environment to all employees that is free of sexual harassment and any other types of discriminatory harassment.
Employees are expected to demonstrate high level of professionalism and to show respect for each other.
Sexual harassment is defined as any unwanted conduct of sexual nature, whether verbal, non-verbal, visual, gesture or physical, directed at a person which is offensive or humiliating or is a threat to his or her well-being arising out and in the course of his or her employment.
Discrimination is prohibited at every stage of employment including hiring, remuneration, access to training, promotion, termination and retirement.
Discrimination is an unjust or prejudicial act and / or practice based on certain characteristics of people. This may include recruitment decisions based on race, national or social origin, caste, birth, religion, disability, gender, sexual orientation, family responsibilities, marital status, political opinions, age, or any other condition that could give rise to discrimination.
As required by the Kossan Code of Ethics and Conduct (KCEC), all employees are required to report and case of Harassment or Discrimination to Human Resourced department in order to protect anyone affected by harassment or discrimination.
Responsibility to minimise exposure to hazards at work and prevent work related injuries and diseased.
Placing high priority on workplace safety with the commitment to provide an injury-free workplace and protect our people through eradicating potential occupational hazards.
At KOSSAN, we take great consideration in the safety and health of all employees. As such, we aim to continuously improve our OSH Policy and OSH Management System for the benefit of our employees and those who may be directly or indirectly impacted by our daily operations. Our ultimate goal is to achieve safe work standards that provide a better safe working environment that minimise potential risks and hazardous effects, as well as to achieve higher OSH Excellent standards.
We devote all the necessary measures and attention to creating healthy, safe and conducive working conditions for employees, contractors and any other people involved with the company along the value chain, including suppliers, customers and the public.
KOSSAN is committed to the following:
The policy shall be reviewed and revised for its continued suitability and disseminated to all relevant parties.
Uplifting workforce fitness and well-being for sustainable economic growth.
Strive to made steps towards improving the overall health of our workers in all areas, including the physical, mental, and social aspects as we recognising human health.
Offer work environments that facilitate continuous upskilling relevant to employees’ professional and personal development.
To continuously nurturing the potential of our people to support their career aspirations and contribute to our succession planning through training and development initiatives.
Embracing diversity and inclusivity through creating a culture of acceptance and belonging and cultivating a harmonious and thriving working environment.
Deep devotion to maintain and promote diverse, equitable and inclusive workplace across the dimensions of race, gender, religion, age, socio-economic group and culture.
Making positive impact through voluntary community engagement and support.
Established Yayasan Kossan with the objective of funding and supporting philanthropic activities for education and social welfare, embracing our duty to uplift underprivileged communities, conscious of the long-lasting impact we can create through our resources and reach.
Initiated Project Smile to develop, sustain, and perceive a good relationship between our internal and external community.
Ensure ethical business practices and compliance of people working in and for the company.
Unwavering dedication to set a positive example in our industry with ethical business conduct and effective governance across our operations.
Provide high quality, safe products and solutions that firmly align with market demand and the ever-evolving expectations of our customers around the world.
Striving for continuous enhancement of product quality and safety performances to live up to the trust of our customers and contribute to our value chain.
Local economy development through strategic partnerships with suppliers, schools, reputable NGOs and other community-based organisations.
Endeavor to drive internal and external collaborations towards creating and sharing good values and best practices.
