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Supporting your path towards Sustainability

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THE BIG PICTURE

Most organisations are realising the importance of considering the impact they have on society. These impacts can be environmental, economic or social (EES) and in most cases are interlinked where each one can create impacts on the other two. Organisations are also realising that EES impacts can effect their operations and profitability. These impacts can come from climate change, extreme weather events, changing economic conditions and social disorder or from impacts the organisation has created through its business activities. Examples can include man made disasters such as Exxon Valdez, Bhopal and BP’s Gulf of Mexico incidents, natural events such as floods and tsunamis which have effected Japan and Thailand and social examples such as the reaction to Lynas operations and bauxite mining in Kuantan, Malaysia.

Organisations are also being pressured through regulatory change to consider these sustainability issues. Bodies such as stock exchanges in Malaysia, Singapore, Thailand and India are increasingly asking their listed companies to “comply” with sustainable reporting requirements or “explain” why not. Pressure is also being applied indirectly through the supply chain with organisations being asked to vouch for the credibility of their supply chain. Recent examples in the palm oil sector are a case in point where customers have boycotted large plantation companies because of supply chain issues. Other stakeholders such as NGOs, minority shareholders, employees, communities are increasingly demanding a say in how organisations operate.

Investors are also becoming more conscious of the actual and potential EES impacts of those with whom they wish to invest. Human rights and human trafficking are becoming important considerations for investors. The recent UK Modern Slavery Act 2015 and the Corporate Manslaughter and Corporate Homicide Act 2007 are clear examples where those creating EES impacts are being held accountable and the failure to comply with these Acts would deter investors.

Sustainability and sustainable development are becoming central to best practice management and organisations that are not following that path may find themselves out of business in the not too distant future.

Strategy

Organizations commencing their sustainability journey need to start with a clear … more

Management Systems

Management systems offer a cost effective method of managing an organizations… more

Performance

Measuring progress towards achieving sustainability is essential to demonstrate… more

Innovation

Innovation and knowledge management are becoming increasingly important in… more

Welcome to SHEMSI

We at SHEMSI would like to welcome you to our newly redesigned website. We have made an effort to update and improve the information on this site and will continue to work on updating the site to keep you better informed about SHEMSI’s services.

Recent Posts

5
Nov

Understanding the Requirements of ISO 45001:2018

ISO 45001:2018 Occupational health and safetymanagement systems — Requirements with guidance for use contains requirements for organisations wishing to implement an OH&S management system. The standard supersedes OHSAS 18001 which will be withdrawn from use. There will be a three-year transition period for its introduction by…

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12
Sep

Sustainability Reporting Workshop 16 – 17 Oct 2018

Since Bursa Malaysia launched its Sustainability Reporting Framework in 2015, an increasing number of organisations are producing sustainability reports/statements to meet Bursa’s sustainability related listing requirements. Today, we notice that sustainability related disclosures are increasingly improving, especially in areas such as materiality…

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22
May

Announcement of Office Relocation

We are pleased to announce that we have just moved to a new location this May 2018. Our new office address is:

SHEMSI SDN BHD
Unit 13-09, Menara K1,
No.1, Lorong 3/137C,
Off Jalan Kelang Lama,
58000 Kuala Lumpur, Malaysia

Our telephone number is…

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Recent Clients

Bursa Malaysia
Sime Darby Group
Perbadanan Kemajuan Negeri Selangor (PKNS)
Ahmad Zaki Resources Bhd (AZRB)
Convex Malaysia Sdn Bhd

Our Partners