RELX, a global e-vapour company, has achieved the top Environmental, Social, and Governance (ESG) rating by S&P Global for the second consecutive year, demonstrating its commitment to sustainability and responsible business practices.
This achievement was announced following S&P Global’s Corporate Sustainability Assessment (CSA), a widely recognised evaluation of corporate sustainability practices worldwide. RELX has witnessed a 13% increase in its ESG score compared to the previous year, despite facing stricter rating standards and higher disclosure requirements. This accomplishment demonstrates how RELX leads sustainability practices in the global e-cigarette industry.
As a leader in the rapidly growing RM3.48 billion industry, RELX has set new standards in greenhouse gas emission reduction through its “Aim for Zero” plan, in line with the national target of achieving carbon neutrality by 2050. The company also surpasses the industry average with good ESG practices in areas such as information disclosure transparency, product innovation management, and talent development in support of innovation and growth.
The company strictly adheres to regulatory requirements, including the national standards for “Electronic Cigarette” and the Management Measures for E-Cigarettes. RELX develops products that meet national standards and implements a comprehensive quality assurance programme to ensure safety and quality throughout the product lifecycle. RELX has also implemented the “Pods Reborn” programme promoting the recycling of used pods as part of its efforts in end-of-life product management.
ESG has always been a core competency for RELX, with a committee established at the board level overseeing ESG at all levels from decision-making to daily operations. RELX incorporates ESG criteria into supply chain management, integrating ESG indicators into new supplier assessments, conducting annual ESG self-assessments for significant existing suppliers, and carrying out third-party audits to evaluate compliance with the RELX Code of Conduct for Business Partners and the SA8000 Standard.
RELX has released ESG reports for three consecutive years and achieved an “A” rating by MSCI ESG Ratings in 2022. Moving forward, RELX remains committed to collaborating with stakeholders across the value chain to contribute to the industry’s sustainable development.
In addition to its ESG efforts, RELX congratulates and welcomes the move by the Malaysian parliament and government in regulating the vape industry in Malaysia by passing the Control of Smoking Products and Public Health Bill. The company recognises the need and potential benefits of quality vape products in tobacco harm reduction and supports sensible legislation to ensure product safety and quality.
By combining RELX’s top ESG rating and its support for favourable vape regulations, the company showcases its commitment to sustainability, responsible business practices, and public health initiatives in Malaysia and beyond.