Page 81 - APICAL_SR2023

Materiality
Assessment Appendix 1: Appendix 2: Appendix 3:
Climate Green Inclusive and Stakeholder GRI Content Assurance Glossary of
Action Innovation Progress Engagement Index Statement Terms

Our current system for monitoring progress towards our 10 sustainability targets with KPIs faces challenges:
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Decentralised Data Tracking: Inconsistent Data Collection: Manual Data Entry:
Lack of a central system leads to Inconsistent methods across Manual data collection increases
wasted time searching departments can lead to the risk of
for data. inaccuracies and inefficiencies. human error.
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SIMS Background

Background Results
• Tracking progress on Apical2030 targets and KPIs • Centralised Data Hub
• Monitoring overall implementation of the • Seamless Integration across departments
Apical2030 strategy • Actionable Insights
• Providing a visual progress dashboard • Enhanced Data Quality
• Facilitating reporting aligned with ESG • Boosted Productivity
frameworks, UN SDGs, and Apical2030 KPIs

ENERGY MANAGEMENT
GRI 302-1, 302-3, 302-4
Energy consumption

Under Green Innovation, we aim to derive 38% of our total energy
use from renewable and clean energy sources. In recent years,
we have made progress towards our goal from a mere 0.68%
in 2021 to almost 7% of renewable and clean energy sources.
In 2023, we have also increased the usage of our renewable
energy as compared to 2022. This is due to an increased
consumption of biomass sources such as palm kernel shell, wood bark, straw and rice chaff utilised as biofuel.
KRN powerplant leverages a combined coal and biomass (woodbark) energy source. For 2023, the specific ratio
was 71% of coal and 29% of biomass, translating to an annual energy consumption of 967,705 Gj/year.
We also embarked on several energy efficiency initiatives, including the installation of insulating tanks to reduce
steam consumption for heating. Another example would be a workshop in China, whereby the efficiency of the
heat exchanger in the refining workshop was deemed to be insufficient and was replaced with a higher efficiency
heat exchanger which resulted in a reduction of steam consumption from 40 kg per tonne to 33 kg per tonne
while saving natural gas consumption of the high-pressure boiler in the next section, which is expected to save
0.2 m of natural gas for each ton of oil processed.
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80 SUSTAINABILITY REPORT 2023 APICAL GROUP 81