The inputs used to manufacture and package a company’s products and services can be non-renewable materials, such as minerals, metals, oil, gas, or coal; or renewable materials, such as wood or water. Both renewable and non-renewable materials can be composed of virgin or recycled input materials. The type and amounts of materials the company uses can indicate its dependence on natural resources, and the impacts it has on their availability. The company’s contribution to resource conservation can be indicated by its approach to recycling, reusing and reclaiming materials, products, and packaging. The disclosures in this topic can provide information about a company’s impacts related to materials, and how it manages these impacts. Procurement as well as responsible sourcing of materials is touched upon in a few material-specific development acts in Malaysian Law (e.g., Act 525 Mineral Development Act 1994; Petroleum Development Act 1974). In this regard, industry/sector specific guidance would be of primary importance, e.g., for the automotive industry: the Guiding Principles (GP) and Practical Guidance (PG) on Responsible Sourcing of Materials by “Drive Sustainability” is much more stringent and detailed.
| < Prev | Next > |
|---|
