ESG

“At ViTrox, ESG is not just a goal but an ongoing journey for greatness.“

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2024 has been a year that tested our resilience, but it has also been a year that reaffirmed who we are at ViTrox. While the road ahead was not always smooth, we embraced each challenge with courage, unity, and an unwavering belief in our Purpose – to contribute to the advancement of society and the well-being of humankind through compassionate innovation. The semiconductor and electronics industries faced uncertainties, from geopolitical shifts to economic fluctuations. Still, through it all, we stood strong, guided by our values and commitment to making a positive difference.

Despite intensified competition and global disruptions, what truly inspired me was the unwavering spirit of our ViTroxians – their versatility, adaptability, and resiliency in the face of adversity. This spirit fuels our progress and strengthens our resolve to build a more sustainable future. As we move forward, we do so with optimism, knowing that together, we can turn challenges into opportunities and continue to create a positive and lasting impact on the world.

At ViTrox, ESG is at the heart of what we do and is guided by our ’inside-out’ philosophy. Beyond compliance, we embrace ESG because we truly believe in its value. Every decision considers the broader impact, ensuring a steady and thoughtful approach that benefits all stakeholders. We focus on initiatives that resonate with our stakeholders, creating meaningful and lasting impact. Quarterly ESG meetings help us navigate challenges, aligning our efforts with ViTrox’s values and long-term goals.

Investing in people and nurturing the next generation remain central to ViTrox’s mission. In July 2024, we began constructing the ViTrox Institute of Technology (“VIT“), a five-story training and industrial research center set for completion in 2026. VIT represents a transformative step toward addressing talent shortages, advancing STEM education, and driving Malaysia’s technological growth. By cultivating the right skillset, mindset, and heartset in future talents, VIT aims to equip individuals with the competencies needed to excel in an increasingly dynamic global landscape.

Our ESG achievements this year have been noteworthy. ViTrox earned a 4-star FTSE4Good ESG rating, placing us among the top 3% of global performers in the Technology Supersector, as evaluated by FTSE Russell. We were honoured with two gold awards at The Edge ESG Awards for the third consecutive year. We were recognised as “The Best Performer in the Technology sector“ and for “Most Improved Performance Over 3 Years“ among companies with a market capitalisation exceeding RM5 billion. Deloitte further acknowledged our commitment to governance and excellence in sustainability, naming ViTrox the Best Managed Company for the third consecutive year.

ViTrox’s ESG journey is rooted in humility, integrity, and a genuine desire to make a meaningful impact. Our core values – Integrity, Accountability, Courage, Trust & Respect, Gratitude & Care (“I.A.C.T.G.“) – are deeply embedded in everything we do, ensuring accountability to our customers and stakeholders. By aligning our initiatives with the United Nations Sustainable Development Goals (“UN SDGs“), we strive to reduce poverty (Goal 1), protect the planet, and secure a sustainable future for future generations.

At ViTrox, ESG is not just a goal but an ongoing journey for greatness. It requires perseverance, innovation, and unwavering dedication. As we look ahead, we remain committed to fostering a sustainable future where technology and compassion unite to create value for all.