KUALA LUMPUR (Sept 20): Glovemaker Top Glove Corp Bhd (KL:TOPGLOV) said it is looking at further raising its water recycling capacity by 50% by 2025, from 2024 levels, as part of its active efforts on conservation of natural resources.

The glovemaker expects its water recycling capacity to hit six million cu m per annum by 2025, from four million cu m currently, Top Glove executive director Ng Yong Lin said at a media visit to its facility in Klang, Selangor.

The initiative is in line with the Selangor state’s zero discharge policy (ZDP) from the Selangor Water Management Authority, implemented on water resources management to encourage industry users to recycle and reuse effluent from their premises.

Two years of putting clean energy into action: Gentari offers clean energy solutions through three initial core pillars - Renewable Energy, Hydrogen and Green Mobility - forming a portfolio of solutions cutting across the electron value chain to help customers achieve net zero emissions.

Top Glove is reportedly the first industrial premises that has completed the ZDP licensing process, according to Selangor state exco for public health and environment Jamaliah Jamaluddin who was present to award the licence.

Top Glove “wants to do more, and will continue to increase” its suite of environmental, social and governance initiatives, said Ng at the briefing.

“We are focusing on zero discharge [of waste water], carbon emissions, and on reducing [consumption of] heat energy, because that too reduces carbon emissions,” Ng said.

The group is actively working on conservation of natural resources — water, gas and electricity — and investing in research and development to ensure uninterrupted supply while adopting environmental conservation.

Other facilities in place include on-site detention and rain harvesting system, reverse osmosis treatment plant, and phytoremediation technologies (using living plants to clean up effluents), and rooftop solar installations.

The group installed solar power systems at additional three factories in the financial year ended Aug 31 (FY2024). Its rooftop solar capacity stood at 11MW currently.

At the time of writing, Top Glove's shares were up seven sen or 6.73% at RM1.11 giving it a market capitalisation of RM9.11 billion. 

https://www.theedgemarkets.com/node/727430