{"id":6387,"date":"2020-10-09T13:13:58","date_gmt":"2020-10-09T05:13:58","guid":{"rendered":"https:\/\/www.tuneprotect.com\/my\/?page_id=6387"},"modified":"2026-05-14T15:24:10","modified_gmt":"2026-05-14T07:24:10","slug":"our-environment","status":"publish","type":"page","link":"https:\/\/www.tuneprotect.com\/my\/our-environment\/","title":{"rendered":"Our Environment"},"content":{"rendered":"<!--<div class=\"notification-section\">\r\n    We want to hear from you!<br> Click <a href=\"https:\/\/apc01.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fforms.office.com%2Fr%2F7zTcH1njcX&data=05%7C01%7Chseleng.tam%40tuneprotect.com%7Cb3562a7a95b046b9c8ee08dbb3510e90%7C034de8bf2acf4de7aec2fc54e5882144%7C0%7C0%7C638300932953321233%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=%2BGnXpNMi2NaLrlYCxMgsOa9TuDPioqMRaPfHQphPprk%3D&reserved=0\" rel=\"noopener\" target=\"_blank\">HERE<\/a> to participate in our Sustainability Stakeholders' Engagement Survey 2023\r\n<\/div>-->\r\n\r\n<div class=\"top-bar\">\r\n<div class=\"menu-title\">PPP Menu<\/div>\r\n\t\t<div class=\"nav-bar\">\r\n\t\t  <span class=\"bar\"><\/span>\r\n\t\t<\/div>\r\n<\/div>\r\n<div class=\"tab-wrapper\">\r\n        \r\n\t<ul class=\"tabs-header\">\r\n         <li ><a href=\"\/my\/esg-insights\">ESG INSIGHTS<\/a><\/li>\r\n                   <li><a href=\"\/my\/sustainability-statement\">SUSTAINABILITY STATEMENT<\/a><\/li> \r\n           <li><a href=\"\/my\/our-governance\">OUR GOVERNANCE<\/a><\/li>\r\n         \r\n          <li><a href=\"\/my\/our-business\">OUR BUSINESS <\/a><\/li>\r\n          <li class=\"active\"><a href=\"\/my\/our-environment\">OUR ENVIRONMENT<\/a><\/li>\r\n          <li><a href=\"\/my\/people-community\">OUR PEOPLE &#038; COMMUNITY<\/a><\/li>\r\n          \r\n\t<\/ul>\r\n<\/div>\r\n\t\r\n<div class=\"wrapper\" style=\"margin-top:5%;\">\r\n       <div class=\"header-title\">ALIGNMENT WITH UN SDGs<br>\r\n<img class=\"title-icon\" src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/tuneprotect.com\/tpr\/static-tuneprotect\/images\/Our-Environment-icon26.svg\" alt=\"\"><\/div>\r\n\r\n\t<div class=\"tabs\">\r\n\t<ul>\r\n\t   <li class=\"active\"><span>Climate Change<\/span><\/li>\r\n\t   <li ><span>Resource Management<\/span><\/li>\r\n\r\n\t<\/ul>\r\n\t<\/div>\r\n\r\n\t<div class=\"contentbox\">\r\n\t\t<div class=\"tab_wrap active\">\r\n\r\n<p class=\"text-justify\">We recognise that climate resilience is essential to long\u2011term business sustainability. Our Zero Coal by 2030 commitment reflects our approach to managing climate\u2011related risks while identifying opportunities for sustainable growth. Building on our TCFD\u2011aligned foundations, we adopt the four pillars of IFRS S2 \u2014 Governance, Strategy, Risk Management, and Metrics &#038; Targets \u2014 to guide our climate\u2011related disclosures, decision\u2011making, and progress tracking.<\/p>\r\n\r\n \r\n\r\n<!--tab-->\r\n<div id=\"business-info\" class=\"panel-group\">\r\n\t\r\n     <div class=\"panel\"><!--pillar1-->\r\n        <div id=\"pillar-head-1\" class=\"panel-heading\">\r\n            <h4 class=\"panel-title\">\r\n                <a class=\"collapsed\" href=\"#pillar-1\" data-toggle=\"collapse\" data-parent=\"#business-info\"> <i class=\"fa toggle-icon pull-right\"><\/i>Our Strategies<\/a>\r\n            <\/h4>\r\n        <\/div>\r\n\r\n        <div id=\"pillar-1\" class=\"panel-collapse collapse out\">\r\n            <div class=\"panel-body\">\r\n            \r\n      <ul class=\"list\">\r\n     <li> <strong>Climate-related Risks &#038; Opportunities<\/strong><br>\r\nWe integrate climate related risks and opportunities from both transition and physical drivers into our strategy, including solar related offerings, flood add on benefits, and pay as you drive products that support more sustainable customer behaviour.<\/li>\r\n<li><strong> Risk Appetite Statement<\/strong><br>\r\nOur sustainability commitments prohibit exposure to coal, weapons, and tobacco, with no new coal based investments. We achieved zero coal exposure in underwriting in August 2023 and continue to progress towards zero coal exposure in investments.<\/li>\r\n<li><strong> Decarbonising Towards A Greener Portfolio<\/strong><br>\r\nWe are reducing hydrocarbon related exposures, maintaining strict sector exclusions, and allocating up to 10% of investments to ESG approved funds, while phasing out carbon intensive assets in future mandates. <\/li>\r\n\r\n<li>\t<strong> Driving Engagement on Climate Change<\/strong><br>\r\n\r\nWe engage with corporate sectors and climate\u2011focused bodies to stay informed on regulatory developments and contribute to national climate policy discussions.<\/li>\r\n\r\n<li><strong> Promoting Sustainable Practices<\/strong><br>\r\n\r\nWe support customers in reducing emissions linked to insured activities, with a focus on managing climate risks within our Motor portfolio while maintaining sound risk management.<\/li>\r\n\t\t  \r\n \r\n\t\t  \r\n<li><strong>  Climate-Related Scenario Analysis<\/strong><br>\r\n\r\nWe conduct scenario analysis across high risk and orderly transition pathways, including Net Zero 2050, and completed BNM required CRST assessments covering NGFS scenarios and extreme flood events, with insights informing capital planning, pricing, and risk management.\r\n<br><br>\r\nFor short-term scenario analysis, our team factored in both physical and transition risks, considering a 1-in-200-year flood event as a physical risk and regulatory changes through potential national policy developments as a transition risk to evaluate their impacts on our portfolios.\r\n<\/li>\t\t  \r\n\t\t  \r\n<\/ul>\r\n              <\/div>\r\n        <\/div>\r\n     <\/div>\r\n\t\r\n\t<div class=\"panel\"><!--pillar2-->\r\n        <div id=\"pillar-head-2\" class=\"panel-heading\">\r\n            <h4 class=\"panel-title\">\r\n                <a class=\"collapsed\" href=\"#pillar-2\" data-toggle=\"collapse\" data-parent=\"#business-info\"> <i class=\"fa toggle-icon pull-right\"><\/i>Risk Management<\/a>\r\n            <\/h4>\r\n        <\/div>\r\n\r\n        <div id=\"pillar-2\" class=\"panel-collapse collapse out\">\r\n            <div class=\"panel-body\">\r\n             <p class=\"text-justify\">Climate related risks are embedded into our enterprise risk management framework and assessed across all major risk categories, with governance oversight by senior management and SuCOM in line with BNM requirements.<\/p>\r\n\t\t\t\t\r\n         <ul class=\"list\">\r\n \r\n\t\t\t \r\n<li><strong>Managing Our Risks<\/strong><br>\r\nWe manage climate related risks through targeted mitigation measures and strong governance. As climate impacts such as flooding intensify, we continue to strengthen business resilience through frameworks aligned with BNM\u2019s CRMSA and CRST requirements.\r\n\r\n<\/li>\r\n\t\t\t \r\n<li><strong> Integrating Climate Risks into Risk Management<\/strong><br>\r\nClimate related risks and opportunities are embedded across our risk management processes, with oversight by senior management and review by SuCOM. This is supported by the Risk team, Sustainability Unit, and a dedicated climate project team to ensure effective governance and integration.\r\n<\/li>\r\n \t\t \r\n\r\n<\/ul>\r\n              <\/div>\r\n        <\/div>\r\n     <\/div>\r\n\t\r\n\t  \r\n\t<div class=\"panel\"><!--pillar3-->\r\n        <div id=\"pillar-head-3\" class=\"panel-heading\">\r\n            <h4 class=\"panel-title\">\r\n                <a class=\"collapsed\" href=\"#pillar-3\" data-toggle=\"collapse\" data-parent=\"#business-info\"> <i class=\"fa toggle-icon pull-right\"><\/i>Metrics &#038; Targets<\/a>\r\n            <\/h4>\r\n        <\/div>\r\n\r\n        <div id=\"pillar-3\" class=\"panel-collapse collapse out\">\r\n            <div class=\"panel-body\">\r\n\t\t\t\t\r\n\t\t\t\t \r\n            \r\n         <ul class=\"list\">\r\n<li> <strong> Net Zero Roadmap <\/strong><br>\r\n The Group targets a 50% reduction in Scope 1 emissions by 2030, a 50% reduction in Scope 2 emissions by 2040, and Net Zero emissions for Scope 1 and Scope 2 by 2050.\r\n<\/li>\r\n<li> <strong> GHG Emissions<\/strong><br>\r\nWe have tracked GHG emissions since 2020 in accordance with the GHG Protocol. In 2025, our inventory was refined to include emissions from operational waste and business travel, and prior year emissions for 2023 and 2024 were restated based on updated emission factors.\r\n\r\n\r\n<\/li>\t\r\n<\/ul>\t\r\n \r\n \r\n\t\t\t\t\r\n              <\/div>\r\n        <\/div>\r\n     <\/div>\r\n<\/div>\t\r\n\t\r\n \r\n \r\n\t \t\t\r\n\t\t<\/div>\r\n\t\t\r\n\t\t\r\n\t\t\r\n\t\t<div class=\"tab_wrap\">\r\n\t\t\t \r\n            Responsible resource stewardship underpins our sustainability agenda. Through focused initiatives on energy, water, paper, and waste, we reduce environmental impact while improving operational efficiency. Guided by our Group Sustainability Policy, we embed sustainable practices into daily operations, ensure compliance with environmental standards, and promote a culture of environmental responsibility across our workforce.\r\n<br>\r\n        <!--tab-->\r\n       <div id=\"business-info2\" class=\"panel-group\">\r\n\t\r\n\t\t\t <div class=\"panel\"><!--pillar1-->\r\n\t\t\t\t<div id=\"pillar2-head-1\" class=\"panel-heading\">\r\n\t\t\t\t\t<h4 class=\"panel-title\">\r\n\t\t\t\t\t\t<a class=\"collapsed\" href=\"#pillar2-1\" data-toggle=\"collapse\" data-parent=\"#business-info\"> <i class=\"fa toggle-icon pull-right\"><\/i>Driving Energy Efficiency <\/a>\r\n\t\t\t\t\t<\/h4>\r\n\t\t\t\t<\/div>\r\n\r\n\t\t\t\t<div id=\"pillar2-1\" class=\"panel-collapse collapse out\">\r\n\t\t\t\t\t<div class=\"panel-body\">\r\n\r\n\t\t\t\t\t\t<ul class=\"list\">\r\n\t\t\t\t\t\t\t<li>Implement Earth Hour Fridays, encouraging employees to switch off non essential lighting and electrical appliances for one hour weekly (12.00 pm\u20131.00 pm).<\/li> \r\n\t\t\t\t\t\t\t<li>Adopt energy efficient LED lighting and responsible lighting practices across premises. <\/li>\r\n\t\t\t\t\t\t\t<li>Reinforce employee awareness through signage, digital screensavers, and engagement on Viva Engage to support daily energy saving behaviours.<\/li>\r\n\r\n\r\n\t\t              <\/ul>\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t  <\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t <\/div>\r\n\t\t   \r\n\t\t   \r\n\t\t    <div class=\"panel\"><!--pillar2-->\r\n\t\t\t\t<div id=\"pillar2-head-2\" class=\"panel-heading\">\r\n\t\t\t\t\t<h4 class=\"panel-title\">\r\n\t\t\t\t\t\t<a class=\"collapsed\" href=\"#pillar2-2\" data-toggle=\"collapse\" data-parent=\"#business-info\"> <i class=\"fa toggle-icon pull-right\"><\/i>Promoting Responsible Water Management  <\/a>\r\n\t\t\t\t\t<\/h4>\r\n\t\t\t\t<\/div>\r\n\r\n\t\t\t\t<div id=\"pillar2-2\" class=\"panel-collapse collapse out\">\r\n\t\t\t\t\t<div class=\"panel-body\">\r\n\r\n\t\t\t\t\t<ul class=\"list\">\r\n\t\t\t\t\t\t\t<li>Implement water conservation initiatives supported by employee awareness signage in high traffic office areas. <\/li>\r\n\t\t\t\t\t\t\t<li>Install water saving devices, including self closing faucets at headquarters. <\/li>\r\n\t\t\t\t\t\t\t<li>Track water consumption across branches to support continuous improvement. <\/li>\r\n\t\t\t\t\t\t\t<li>Continue conservation practices at headquarters and Johor Bahru offices located within shared buildings, despite data exclusions.<\/li>\r\n\r\n\t\t              <\/ul>\t\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t <\/div>\r\n\t\t   \r\n\t\t   <div class=\"panel\"><!--pillar3-->\r\n\t\t\t\t<div id=\"pillar2-head-3\" class=\"panel-heading\">\r\n\t\t\t\t\t<h4 class=\"panel-title\">\r\n\t\t\t\t\t\t<a class=\"collapsed\" href=\"#pillar2-3\" data-toggle=\"collapse\" data-parent=\"#business-info\"> <i class=\"fa toggle-icon pull-right\"><\/i>Reducing Paper Consumption  <\/a>\r\n\t\t\t\t\t<\/h4>\r\n\t\t\t\t<\/div>\r\n\r\n\t\t\t\t<div id=\"pillar2-3\" class=\"panel-collapse collapse out\">\r\n\t\t\t\t\t<div class=\"panel-body\">\r\n \r\n\t\t\t\t\t\t<ul class=\"list\">\r\n\t\t\t\t\t\t\t<li>Minimise paper usage by transitioning to digital processes, including e policy documentation, online forms, e billing, and digital collaterals. <\/li>\r\n\t\t\t\t\t\t\t<li>Encourage use of recycled paper when printing is required. <\/li>\r\n\t\t\t\t\t\t\t<li>Configure printers to duplex and grayscale settings by default. <\/li>\r\n\t\t\t\t\t\t\t<li>Promote paperless working practices while maintaining operational effectiveness.<\/li>\r\n\r\n\r\n\t\t              <\/ul>                   \r\n\r\n\t\t\t\t\t  <\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t <\/div>\r\n\t\t   \r\n\t\t    <div class=\"panel\"><!--pillar4-->\r\n\t\t\t\t<div id=\"pillar2-head-4\" class=\"panel-heading\">\r\n\t\t\t\t\t<h4 class=\"panel-title\">\r\n\t\t\t\t\t\t<a class=\"collapsed\" href=\"#pillar2-4\" data-toggle=\"collapse\" data-parent=\"#business-info\"> <i class=\"fa toggle-icon pull-right\"><\/i>Strengthening Waste Management Practices<\/a>\r\n\t\t\t\t\t<\/h4>\r\n\t\t\t\t<\/div>\r\n\r\n\t\t\t\t<div id=\"pillar2-4\" class=\"panel-collapse collapse out\">\r\n\t\t\t\t\t<div class=\"panel-body\">\r\n\r\n\t\t         \t<ul class=\"list\">\r\n\t\t\t\t\t\t\t<li>Encourage recycling through designated recycling points for paper, plastic, metals, batteries, light bulbs, and e waste. <\/li>\r\n\t\t\t\t\t\t\t<li>Maintain the prohibition of single use plastic bottles at headquarters meetings. <\/li>\r\n\t\t\t\t\t\t\t<li>Promote the use of reusable containers and utensils to minimise waste at source.<\/li>\r\n\r\n\r\n\r\n\t\t              <\/ul>        \r\n\t\t\t\t\t\t \r\n\t\t\t\t\t\t\r\n\t\t\t\t\t  <\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t <\/div>\r\n\t\r\n\t<\/div>\r\n\r\n \r\n\t\t<\/div>\r\n\t<\/div>\r\n<\/div>","protected":false},"excerpt":{"rendered":"PPP Menu ESG INSIGHTS SUSTAINABILITY STATEMENT OUR GOVERNANCE OUR BUSINESS OUR ENVIRONMENT OUR PEOPLE &#038; COMMUNITY ALIGNMENT WITH UN SDGs Climate Change Resource Management We recognise that climate resilience is essential to long\u2011term business sustainability. Our Zero Coal by 2030 commitment reflects our approach to managing climate\u2011related risks while identifying opportunities for sustainable growth. Building [&hellip;]","protected":false},"author":20,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"fullwidth-template-left.php","meta":[],"_links":{"self":[{"href":"https:\/\/www.tuneprotect.com\/my\/wp-api\/wp\/v2\/pages\/6387"}],"collection":[{"href":"https:\/\/www.tuneprotect.com\/my\/wp-api\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.tuneprotect.com\/my\/wp-api\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.tuneprotect.com\/my\/wp-api\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tuneprotect.com\/my\/wp-api\/wp\/v2\/comments?post=6387"}],"version-history":[{"count":36,"href":"https:\/\/www.tuneprotect.com\/my\/wp-api\/wp\/v2\/pages\/6387\/revisions"}],"predecessor-version":[{"id":10307,"href":"https:\/\/www.tuneprotect.com\/my\/wp-api\/wp\/v2\/pages\/6387\/revisions\/10307"}],"wp:attachment":[{"href":"https:\/\/www.tuneprotect.com\/my\/wp-api\/wp\/v2\/media?parent=6387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}