Top Glove Wins Gold Award for Special Project

Top Glove’s environmental efforts were honored at the Prime Minister’s Hibiscus Award 2021/2022 (PMHA). The company received top honors in the Special Project Category and two awards for Notable Achievement in Environmental Performance. Factory 30 won Gold in the Special Project Category for its initiative to transform nitrile residual waste into value-added rubber products, resulting in significant carbon emission reduction and land space mitigation. Top Glove is committed to sustainability, with 18 factories certified with ISO 14001:2015 and more expected to follow. Top Glove’s Managing Director, Mr. Lim Cheong Guan, says, “These accolades at the prestigiousPrime Minister’s Hibiscus Award serve as a recognition of Top Glove’s commitment towards protectingthe environment. It is also a testament to the collective efforts of our employees who have contributedto our sustainable practices.” Top Glove is committed Top Glove’s Executive Director, Mr. Ng Yong Lin, adds, “We are inspired to continue ourjourney towards a greener future, upholding ethical business principles that benefit our employees, the environment and the wider community. We remain committed to continue making a positive impact as we strive for excellence in sustainability The company’s sustainability initiatives align with the United Nations’ Sustainable Development Goal 13 (Climate Action) and include a Net Zero Carbon target and reduction in carbon emission intensity. Top Glove has also partnered with Shizen Malaysia for solar PV installations across its factories. The Prime Minister’s Hibiscus Award is Malaysia’s premier private sector environmental award, recognizing businesses’ environmental management and performance. Click here to Read on MOH Should Stop The ‘Back Door Ban’ on Vape

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Top Glove’s Sustainability Policy A Commitment For A Better Future

Throughout the Company and its supply chain, the Group outlines robust targets for sustainability Shah Alam, Wednesday, 15 June 2022 — It is the responsibility of today’s generation to ensure a sustainable world for future generations. Top Glove, the world’s largest manufacturer of gloves and a homegrown company with a global footprint, understands its role in fulfilling this duty. It remains committed to ensuring a better future for all. The glove maker recently released its Sustainability Policy (Policy), which outlines its commitments in the areas of environmental, social, governance, and traceability. The Policy guides ethical and responsible sourcing and procurement for all Top Glove subsidiaries and joint ventures, as well as the Company’s supply chain. It was developed in consultation with a variety of stakeholders, including investors, nongovernmental organisations, and analysts, in addition to aligning with the Sustainable Development Goals of the United Nations. Mr Lim Cheong Guan, Top Glove’s Executive Director, says, “As a responsible corporate citizen, we recognise that our business has an impact on the environment, our employees, and the communities we serve. We are committed to being a sustainability leader in the healthcare manufacturing sector and contributing to a better future for all our stakeholders.” Three strategic themes are outlined in the Policy: ‘Tackling Climate Change and Restoring Nature’; ‘Being a People-Centric Corporate Citizen’; and ‘Creating Long Term Value Through Ethical Business Practices and Continuous Stakeholder Engagement’. In addition to supporting ‘No Deforestation’ and ‘Protection of Peatlands’, Top Glove respects and supports international human rights principles, and upholds high ethical standards. The Group is committed to setting a Net Zero Carbon target year by FY 2025 and aims to achieve 70 percent traceability to plantations of natural rubber sourcing. Traceability enables the identification of critical areas with high conservation value and high carbon stocks, as well…

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Top Glove’s strong ratings reflect its global market leadership

Shah Alam, Monday, 11 April 2022 — Top Glove says its strong ratings reflect its global market leadership position in glove manufacturing. It adds that it’s very strong cash flow generation and liquidity position relative to its financial obligations, which the Company has maintained amidst a challenging business environment. Today, Top Glove Corporation Bhd is pleased to announce that it has 2022 maintained its corporate credit rating of “AA+”, awarded by the MARC in year 2021. Concurrently, Top Glove successfully maintained its 2021 rating of “AA-IS(CG)” with a stable outlook in relation to its special purpose vehicle, TG Excellence Bhd’s Perpetual Sukuk Wakalah Programme. MARC Ratings notes that Top Glove’s already robust balance sheet has been further strengthened with a sharp increase in equity base to RM6.9 billion as at 1st Half of FY2022 (FY2019: RM2.6 billion). Its adjusted debt-to-equity (DE) was strong at 0.20x and in a net cash position. The Company’s capital structure will remain strong in the foreseeable future. Lim on corporate credit ratings Mr Lim Cheong Guan, Executive Director of Top Glove, says: “We are extremely pleased to have MARC, a highly reputable ratings provider, affirm its strong ratings for Top Glove. This is surely a testament of their confidence in our company’s promising long term prospects and the capabilities of the leadership team. About Top Glove Top Glove Corporation Bhd is listed on the Bursa Malaysia Stock Exchange Main Board and Singapore Exchange Mainboard. It is also one of the component stocks of the MSCI Global Standard Index, FTSE Bursa Malaysia KLCI Index, FBM Top 100 Index, FBM Emas Index, FBM Hijrah Syariah Index, FBM Emas Syariah Index and the Dow Jones Sustainability Indices (DJSI) for Emerging Markets. A Forbes Global 2000 company, Top Glove is currently the world’s largest manufacturer of gloves with an…

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