QL Resources Berhad - Annual Report 2019

38 QL Resources Berhad (428915-X) Annual Report 2019 1. ABOUT THIS STATEMENT As an agro-based group built on the value of benefit all, QL is consciously aware of our role, responsibility and duty to conduct business ethically, operate in a socially and environmentally responsible manner and adhere to sustainable practices. In our efforts to create shared value for all, we endeavour to ensure that our products and activities make a positive difference to the communities and ecosystem we operate in and to society at large while contributing to QL’s growth and success. This year, we continue to communicate the progress made on our sustainability efforts as we strive to enhance our approach to managing economic, environmental and social (“EES”) impacts arising from our operations. This Statement focuses on the sustainability activities of QL Resources Berhad and subsidiary companies (collectively referred to as “QL”). QL believes sustainability is key to improving our footprint and accomplishing our Vision to be the preferred global agro-based enterprise. 1.1 Preparation of this Statement Aligning with Bursa Malaysia Securities Berhad’s goal to increase transparency in sustainability matters of companies listed on the bourse, we are guided by the Main Market Listing Requirements (“Listing Requirements”) on Sustainability Reporting by Bursa Malaysia Securities Berhad for the preparation of this report. The Statement is structured into four sections: • The first section introduces the Statement; • The second section puts forth the governance structure utilised in managing material sustainability matters; • The third documents approaches that were taken to review, update and categorise the material matters; and • The final section reports on the practices and performance related to management of material sustainability matters. 2. SUSTAINABILITY GOVERNANCE Board of Directors Executive Committee Sustainability Project Team Executive Chairman Heads of Business Units and Business Functions Sustainability Reporting Working Group Diagram 1 : Sustainability Governance Structure at QL Sustainability Statement Sustainability is embedded into the business of QL, driven fromthe highest level of management. QL’s Boardof Directors takes an active role in setting the direction of sustainability, dovetailing the active role they play at each of the group’s business pillars. The firm commitment of the Board is translated into the formation of a Sustainability Project Team (SPT) in 2016, chaired by the Executive Chairman and comprises heads of business units and business functions. In 2018, a Sustainability Reporting Working Group (SRW) was established to further strengthen the reporting process. The SRW reports directly to the SPT. The following entails the core responsibilities of the SPT: • Incorporate sustainability into QL’s Risk Management and Corporate Strategies; • Oversee the management of material sustainability matters as identified; • Monitor QL’s sustainability performance for reporting.