Over the last eight years TEX CYCLE has grown significantly. From a humble beginning we have 
grown to be a well known Public listed Company with strong portfolio of assets, market position and people connected by shared values and common purpose.
Our aspiration has grown, so we are striving to be the preferred schedule waste recycling company in the region. We are doing all these in testing times when proper schedule waste management has declined with numerous illegal dumping and the spot light on our activities has become even brighter.Our intention is therefore to report on more than just our financial performance and tell a broader story as clearly as we can, highlighting not only our achievements but also being open about the difficulties we encounter. Our aim is to provide a clear window through which policies, commitments and performance can be assessed, both by the outside world and by our employees.We have created a report that provides a concise account of the main issues affecting the Schedule Waste Recycling business and explain how TEX CYCLE seeks to address them.
We have sought to show how environmental, social and ethical issues help shape our business strategy that begins with our fundamental purpose to protect the environment and to maximize long term shareholder value.This is a simple phrase, but one that makes complex demands. First, it demands that we develop a strategy that will give the company competitive advantage and so create value. Second, since it demands that shareholder value be maintained for a long term, it requires us to build a company that will endure a sustainable business, operating in a sustainable world. This is the reason why we called this the TEX CYCLE Sustainability Report.Our strategy defines the destination- shareholder value- but the test of sustainability provides the reference by which we judge everything we do. It defines the path towards our destination.
To be sustainable, a company cannot exist in isolation but must recognize and manage its wider impact and its contribution to society.In practical terms, we do this by defining our core values, enshrining them in policies with real meaning and thenapplying through specific management processes and standards throughout all our activities. All these are carried out within a well-defined system of governance, details of which are clearly laid out.Looking to more specific issues, as we manage the impact of our activities on the environment, we are driven by an aspiration to transcend trade-off between scheduled waste recycling improvements in living standards and environmental degradation. Our goal is to recycle scheduled waste and find ways to reuse them that do not long term damage to the planet or its people.
In 2003, this led to a series of actions including a more focused inquiry into what is required to eliminate or reduce emission and discharge from our own operations. In addition we have implemented program to reuse recovered water and heat from our operation which can be recognized for a broader global reduction targets.
The principle of mutual advantage underpins our approach to relationships. Mutual advantage represents our aspiration that every contact a third party has with TEX CYCLE should bring advantage to them as well as to us
. This applies as much to a Community, Country or Supplier as to Customers or Employees. In 2003, two developments stood out as examples of our commitment to this principle. The first was the achievement of ISO 14001 certified by SIRIM Malaysia and the second was the successful implementation of 90 % of recovered water from our operation for reuse in our process.In 2004 we were awarded the Selangor Environmental Award an highest award presented by the State Government to an organization which has the best environmental practices.
In 2005 TEX CYCLE was listed in the Kuala Lumpur stock exchange. In the same year TEX CYCLE was awarded the SPECIAL PRIME MINISTER’S HIBISCUS AWARD for SME and Notable Achievement for overall. In 2006 TEX CYCLE received the Silver Award by The Canadian Business Council for Professional Services.Every year TEX CYCLE receives students from Institution of Higher Learning for Internship and also final year projects, We also work very closely with the Local Universities on R&D programs. Our commitment to the society is through support and sponsoring of environmental awareness programs for school children, employees, suppliers, contractors, NGOs and other interested parties.TEX CYCLE also encourages third party audits on its operations by Customers, Government Agencies, NGOs and other interested parties both from Local and International.
