Waste can be generated in the company’s own activities, for example, during the production of its products and delivery of services. It can also be generated by entities upstream and downstream in the company’s value chain, for example, when suppliers process materials that are later used or procured by the company, or when consumers use the services or discard the products that the company sells to them. Waste can have significant negative impacts on the environment and human health when inadequately managed. These impacts often extend beyond locations where waste is generated and discarded. The resources and materials contained in waste that is incinerated or landfilled are lost to future use, which accelerates their depletion. The UN recognises the role of responsible consumption and production in achieving the Sustainable Development Goals, particularly under Goal 12: Responsible Consumption and Production. The disclosures in this topic are designed to help a company better understand and communicate its waste-related impacts, and how it manages these impacts. The disclosures require information on how the company prevents waste generation and how it manages waste that cannot be prevented, in its own activities and upstream and downstream in its value chain. The Malaysian government requires companies to comply with responsible disposal methods to avoid pollution and to ensure that a licensed and regulated waste concessionaire must be used. The relevant act is Act 127 Environmental Quality Act 1974. Part IV – Prohibition and Control of Pollution Part IVA – Control of Scheduled Wastes The waste regulations to be complied with from the above are enacted in the Environmental Quality (Scheduled Wastes) Regulations 2005.
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