Sustainability Statement Sustainability Statement Standing Against Bribery and Corruption One lodgement was made via QL’s whistleblowing channel in FY2023. QL management took prompt and appropriate action strictly in accordance with the Whistleblowing Policy and the outcome was reported to the Risk Management Committee. Relevant data was collected and analysed, and discussions were held with relevant parties. The lodgement was not an instance of bribery or corruption. In our efforts to strengthen the Anti-Bribery Policy that has been introduced in 2020, QL has engaged an internal auditor to review the effectiveness of our Anti-Bribery Framework. In FY2023, we have commenced refresher training of the Code of Business Ethics and Conduct (COBEC) among our directors and employees. In the reporting year, we achieved a 90% rate of briefing completion. Efforts continue to be made to the remaining 10% to ensure all employees undergo the briefing and complete the signing of the integrity and background declaration forms. High standards of integrity, accountability, transparency and fairness are the bedrock of good corporate governance practices. Anchored by our core values, company policies and refreshed Code of Business Ethics and Conduct, we continuously enhance and embed culture of sound corporate governance practices. This enables us to build confidence while further strengthening the trusts of our stakeholders, which in turn contribute to shared value creation through effective discharge of the Board duties in safeguarding interests of QL’s stakeholders. 3,433 suppliers signed QL’s Suppliers and Business Associates Code of Business Ethics Zero violation on Anti-Bribery Policy Progress Across the Years Material Matters FY2021 FY2022 FY2023 Upholding Business Integrity • Implemented Supplier and Business Associates Code of Business Ethics • Established a Crisis Management Plan • Refreshed the Suppliers and Business Associates Code of Business Ethics (“COBE”) • Rolled out training to Increase awareness of Code of Business Ethics and Conduct (“COBEC”) for directors and employees • On going progress to create awareness and engage all suppliers on the COBE • Refresher training on COBE and COBEC • Engaged internal auditor to review the effectiveness of Anti-Bribery Framework UPHOLDING BUSINESS INTEGRITY Performance • 3,433 suppliers signed QL’s Suppliers and Business Associates Code of Business Ethics • Zero Violation on Anti-Bribery Policy (ABP) Our Approach We continue to inculcate and guide our business activities and relationships on compliance with our internal policies as well as relevant laws and regulations. With strong emphasis on integrity, one of QL’s core values, we ensured our values and culture are communicated across board, from internal stakeholders to the external supply chain to manage third party risks and strengthen business resilience. GRI CONTENT INDEX GRI Standards 2016 Disclosure Number Disclosure Title Section and Page Reference/Notes Universal Standards GRI 102: General Disclosures Organisational Profile 102-1 Name of the organisation QL Resources Berhad 102-2 Activities, brands, products, and services Principal Activities 102-3 Location of headquarters Corporate Information 102-4 Location of operations Principal Activities 102-5 Ownership and legal form Corporate Structure, QL Corporate Website (www.ql.com.my) 102-6 Markets served Principal Activities 102-7 Scale of the organisation Value Creation Strategy 102-8 Information on employees and other workers Talent Management Value Creation Strategy 102-9 Supply chain Stakeholder Engagement Upholding Business Integrity 102-10 Significant changes to organisation and its supply chain Chairman’s Statement Business Review 102-11 Precautionary principle or approach QL’s management approach is focused on risk-based guided by our internal audit framework than precautionary principle 102-12 External initiatives QL supports the UNSDGs. Commitment to Our Communities Materiality Boundary 102-13 Membership of associations Stakeholder Engagement Strategy 102-14 Statement from senior decision-maker Chairman’s Statement 102-15 Key impacts, risks and opportunities Value Creation Strategy Ethics and Integrity 102-16 Values, principles, standards, and norms of behaviour Value Creation Strategy 102-17 Mechanisms for advice and concerns about ethics Corporate Governance Overview Statement Upholding Business Integrity Governance 102-18 Governance structure Key Senior Management Sustainability Governance Stakeholder Engagement 102-40 List of stakeholder groups Stakeholder Engagement 102-41 Collective bargaining agreements QL does not have collective bargaining in place 102-42 Identifying and selecting stakeholders Stakeholder Engagement 102-43 Approach to stakeholder engagement Stakeholder Engagement 102-44 Key topics and concerns raised Stakeholder Engagement G O V E R N A N C E R E S P O N S I B I L I T Y QL RESOURCES BERHAD INTEGRATED ANNUAL REPORT 2023 SEC. SUSTA I N A B I L I TY STATEMENT 5 067 066 PG. PG.
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