Sustainability
Eco-Friendly. Responsible. Sustainable.
At Oceancash, sustainability is at the heart of everything we do. Our responsibility is to conduct our business in a way that benefits the environment and future generations. To achieve this, we are committed to optimizing sustainable practices throughout our creativity, research, and development processes to deliver the best possible results at the lowest possible cost.
We understand the impact of technological solutions on the environment, so we strive to provide sustainable solutions that minimize negative impacts. Additionally, we recognize the importance of engaging with our stakeholders and have implemented social responsibility programs that encourage deeper engagement with our mission.
Oceancash is passionate about pursuing a better future for people and the earth, and we’re dedicated to a life-long journey of sustainability.
Our Commitment
Oceancash proudly supports the UN Global Compact corporate responsibility initiative and has done so since 2021. Our commitment to this initiative extends to upholding its core principles of human rights, labour standards, environmental protection, and anti-corruption efforts.
The 17 Sustainable Development Goals (SDGs) outlined by the initiative aim to promote both prosperity and environmental protection. At Oceancash, we have identified 8 of these SDGs that align with our values and mission, and we are dedicated to accomplishing them.
By focusing on these key objectives, we aim to make a meaningful contribution toward building a sustainable future for all. We recognize this is an ongoing journey and remain committed to continuously improving our practices to achieve our sustainability goals.
Our Journey
As a felt and nonwoven fabric company, we understand the impact our industry can have on the environment. That’s why we’re dedicated to embarking on a sustainability journey to reduce our environmental footprint and contribute to a better future for all. Our efforts can be organized into the categories of social, environmental, and corporate governance.
Social
Oceancash is committed to sustainable practices and social responsibility. This commitment starts with our employees, so we prioritize comprehensive human resources development when selecting qualified team members.
Our felt products are made with sustainable materials like cotton denim waste and ocean-bound plastic, which are collected by people in developing countries who earn a living from this activity. By using recycled PET fibers made from collected plastics like straws and bottles, we can positively impact both people and the environment.
We recognize that our corporate processes and products must meet legal regulations and social expectations. That’s why we design our products with sustainability in mind, considering the environmental impact and social responsibility.
We’ve integrated SEDEX guidelines into our administrative framework to ensure we meet our social responsibility goals. This helps us maintain transparency and accountability in our operations and supply chain so that we can continue to impact society and the environment collectively.
Environmental
At our company, we are committed to sustainability in all aspects of our operations. We prioritize energy efficiency and avoiding energy losses and are dedicated to using renewable energy wherever possible. With an on-site solar system, we can reduce our reliance on non-renewable energy sources and minimize our environmental footprint.
In addition, we have obtained a 2018 ISO 50001 Energy Management Systems certification for our main plant in Malaysia and are also working towards certifying our other plants. This certification demonstrates our commitment to energy management and continual improvement in this area.
Our nonwoven products are made without harmful substances and are Oekotex 100 certified, ensuring that they meet high environmental safety standards. We are dedicated to providing safe, sustainable products to consumers.
Oceancash is committed to complying fully with environmental laws, regulations, and standards to achieve zero material non-compliance issues. Our goal is to improve our environmental performance and make a positive impact on the planet.
Corporate Governance
We strive to deliver high-quality, innovative products to our customers and have implemented a detailed management process to ensure consistent excellence. All of our plants are 2015 ISO 9001 Quality Management Systems certified, which demonstrates our commitment to quality control and continual improvement.
Oceancash believes in fostering strong partnerships with our suppliers, and we incorporate them early on in the product development process. We can create more sustainable and innovative products by working with our suppliers.
Further, our dedication to incorporating economic considerations into our use of innovative technologies shines through our practices. We truly believe that sustainable innovation can only be achieved when we consider the economic impacts of our products and processes.
Oceancash adheres to the Corporate Governance Guidelines established by Bank Negara and BURSA Malaysia Listing Requirements to encourage moral and open business conduct throughout all our operations. Strong ethical principles are essential to building trust with our stakeholders and creating a sustainable future for all.