Sustainability Statement Sustainability Statement FY2023 AT A GLANCE Environmental Responsibility Social Responsibility Governance Increased 72% solar energy generation Year-Over-Year (YoY) One fatality and LTIFR improvement of 22.6% from FY2022 Zero violation on Anti-Bribery Policy 3,433 suppliers signed QL’s Suppliers and Business Associates Code of Business Ethics Assisted 11,942 beneficiaries via our corporate philanthropy collaborations at an investment of over RM835,600 Upgraded fishing gears and equipment of 924 fishermen via RM21.84 million interest-free Fishermen Financial Assistance Scheme (FFAS) Over 179,000 employee development hours Reduced 17.2% GHG intensity from base year FY2020 (32.3 tCO2e/ RM Mil Revenue) Reduced 4.3% water withdrawal intensity YoY Diverted 74.2% of hazardous waste and 95.3% of nonhazardous waste from landfill Zero non-compliance cases with environmental regulatory requirements Planted 2,000 mangrove seedlings; 99% survival rate Board of Directors Executive Committee ILF CVS MPM POCE Sustainability Reporting Working Group Environment | Social | Governance | Risk Sustainability Steering Committee Head of Business Units & Business Functions Group Managing Director (Chair) Executive Chairman (by invitation) OUR SUSTAINABILITY APPROACH Sustainability is more than just reducing consumption. It also encompasses creating and delivering lasting value for QL, communities and future generations. This is the very quintessence of QL, Quan Li, which means benefit for all. In creating sustainable value, we are not only focusing on reductions but also optimising value generation in complementary forms. QL focuses on creating value for all stakeholders, from investors, employees, suppliers, customers and consumers to communities. Extending this philosophy, we embrace an integrated approach to sustainability, encompassing three key aspects of sustainability management, namely Environmental, Social and Governance (ESG). ESG elements are woven into QL’s business strategy planning and work practices across our operations. Our sustainability governance structure ensures our sustainability approach is underpinned by strategic risk and opportunity management, and guided by principles and industry best practices. SUSTAINABILITY GOVERNANCE The Board of Directors of QL (the Board) sets the sustainability direction for the Group and ensures our sustainability strategies, priorities, targets and performance are communicated to both internal and external stakeholders. The Board and Executive Committee (EXCO) review the Group’s sustainability performance in addressing material sustainability risks and opportunities. In steering the Group’s sustainability efforts, the Board is supported by a Sustainability Steering Committee (SSC) which is chaired by QL’s Group Managing Director and comprising Head of Business Units and Business Functions. The SSC is assisted by the Sustainability Reporting Working Group (SRW) to guide and monitor QL’s sustainability performance across business units. Based on the agreed framework and focused areas, business units work on implementing their sustainability initiatives within their businesses. QL RESOURCES BERHAD INTEGRATED ANNUAL REPORT 2023 SEC. SUSTA I N A B I L I TY STATEMENT 5 031 030 PG. PG.
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