As ESG takes on a greater significance for investors, D Future is venturing into various businesses with a base foundation on these values. We have implemented core investment strategy through embedding environmental, social and corporate governance criteria into all deal decisions.
We now have the resources to accomplish positive climate action, building a more sustainable, resilient future and correspondingly yield better operating performance and higher long-term returns.
The combination of our dedicated in-house expertise and a deep commitment to sustainability strategies, enables us to rapidly analyse all ESG angles and new opportunities to improve ESG performance. This includes a more rigorous approach to different industries and to utilise end-of-life products and turn it into something usable again while eliminating unnecessary waste.
Electric Vehicle (EV) is a newer technology, and their batteries require different end-of-life processing. Studies show that battery manufacturing can have a serious impact on ecosystem pollution. The current life expectancy of electric car batteries varies, with most car manufacturers only providing a guarantee for up to eight years. A massive wave of dead electric car batteries will soon overtake recycling problems as researchers predict there will more than a million metric tons of dead batteries in less than a decade to deal with.
When electric car batteries reach end of life, metals can be recovered from them through recycling, however, many of these batteries are discarded improperly, ending up in landfills. D Future is investing into starting an EV battery recycling centre in an optimistic effort to address the inconvenient environmental downside of electric vehicles.
In order to make use of the remaining capacity, these batteries can be broken down to salvage smaller components for reuse and refurbishment, or they can be repurposed and used on less demanding energy applications.
The materials salvaged from these used EV batteries are reused indefinitely, minimizing the need to continually pry more minerals from the earth.
In the next five years, there would be tens of millions of electric vehicles on the roads. To feed this rising demand, we understand that recycling is the forefront target to reduce dependence on newly mined materials. Our next step is to finalise partnerships to build industrial-scale recycling of EV batteries. We hope by recycling electric car batteries, these critical materials can be supplied at a lower cost and indirectly bring down the cost of electric car batteries, making the vehicles more affordable as well.
D Future is constantly looking into opportunities to contribute to local communities through economic development and job creation programs. In a bid to follow this vision, we are opening a tyre factory to address our second most important issue; providing employment opportunities for local communities that need them most.
Socially, our businesses aims to build a meaningful diversity program, enhance employee health and make lasting changes in their community. We want to attract and retain quality employees while enhancing employee motivation by instilling a sense of purpose, as well as prioritising employee welfare.
This is our way to give back to the community as it will not only benefit the company, but it also increases the employees’ job satisfaction as well as the suppliers and clients’ enthusiasm towards the company.
We also aim to make the factory sustainable by reducing the environmental impact of our products and services by using sustainable materials and renewable energy. We believe we can make a difference by redesigning equipment to improve manufacturing processes, recycling and reusing waste, tackling energy consumption, and in the process build the country’s economy.
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