Sustainability Statement Sustainability Statement Recognising the paramount importance of ESG, QL commits substantial resources to oversee sustainability efforts, including establishing a dedicated Corporate Sustainability Team led by a senior manager. This team is instrumental in advancing the organisation’s sustainability agenda, harmonising business growth with social responsibility and environmental stewardship for long-term success. Assuming a key role in SRW and coordinating with all committees across sustainability governance, the manager serves as a catalyst in embedding sustainability into the company’s strategies. Through cross-departmental collaboration, the manager leads the formulation of sustainability policies and initiatives, while also monitoring key performance indicators to measure progress towards our sustainability goals. The roles and responsibilities of each committee are summarised below: • Oversee all sustainability matters of the Group business encompassing but not limited to climate change, health and safety, human rights, anti-corruption and risk management. • Set sustainability direction and framework for the Group and ensure our sustainability strategies, priorities, targets and performance are communicated to both internal and external stakeholders. • Review the Group’s sustainability performance in addressing material sustainability risks and opportunities. • Approve the Group’s ESG KPIs and targets setting. Board of Directors • Review the Group’s sustainability performance at the business pillar level in addressing material sustainability risks and opportunities. • Review, approve and execute the Group’s sustainability policies. • Recommend ESG KPIs and targets for approval by the Board. • Ensure the execution of the strategies and directions set forth by the Board. • Ensure the Group complies with relevant laws, regulations and directives. EXCO • Support EXCO in steering the Group’s sustainability efforts and approving sustainability roadmap. • Guide and monitor QL’s sustainability performance across business units with the assistance from SRW. • Integrate sustainability principles into QL’s risk management and corporate strategies. • Oversee management of material sustainability matters as identified by the organisation. • Monitor QL’s sustainability performance to facilitate reporting. • Allocate resources to support sustainability programmes and projects. SSC • Report sustainability matters to SSC. • Perform materiality assessments, which involve identifying and assessing sustainability matters relevant to QL’s businesses. • Develop Group sustainability policies, procedures, guidelines, data definitions and initiatives. • Guide and monitor QL’s sustainability performance across business units. • Provide overarching guidance on ESG matters across business units. • Track ESG KPIs and targets. • Develop, monitor and evaluate the effectiveness of sustainability reporting and recommending improvements. • Benchmark the organisation’s sustainability performance against industry peers and leaders. SRW • Implement sustainability initiatives within their respective businesses. • Collect and report sustainability data and is accountable for ensuring data integrity. • Engage with local stakeholders to address sustainability matters and build positive relationships within the community. • Ensure that their business units comply with all relevant regulatory and reporting requirements related to sustainability. HOBU STAKEHOLDER ENGAGEMENT Stakeholders are pivotal in nurturing QL’s continuous business growth and progress. It's imperative for QL to engage with stakeholders to identify crucial sustainability concerns and devise solutions for addressing significant issues. We strive for ongoing improvement in tandem with our esteemed stakeholders through regular engagements. The table provided below outlines our primary stakeholders and the methods of engagement. Stakeholder Groups Focus Areas Our Response Engagement Channels Frequency of Engagement Investors and shareholders • Financial performance • Good corporate governance • Responsible value creation in business management • Refer to Management Discussion and Analysis (“MD&A”) (pg 12) • Refer to Social Responsibility (pg 50) • Annual general meeting • Analyst briefings, investor presentations & meetings • Financial results • Press releases • Corporate website • Annual • Regular meetings with investors & analysts • Quarterly • As needed • Throughout the year Employees • Respect for human rights • Learning & development • Safe & healthy workplace • Supportive welfare • Continuous business growth • Refer to Environmental Responsibility (pg 40) and Social Responsibility (pg 50) • Workshop discussions • Induction training • Learning & development programmes • Employee performance appraisal • As needed • As needed • Throughout the year • Annual Customers • Safe, nutritious & quality products • Good governance practices • Regulatory compliance • Third party food certifications • Refer to Environmental Responsibility (pg 40) and Social Responsibility (pg 50) • Feedback survey • Face-to-face interactions • Online platform (Facebook, mobile apps) • Customer Careline • Annual • As needed • Throughout the year • Throughout the year Vendors and suppliers • Business continuity • Regulatory compliance • Refer to MD&A (pg 12) • Refer to Social Responsibility (pg 50) and Governance Responsibility (pg 68) • Interviews • Face-to-face interactions • As needed • Throughout the year Regulators and Non-Govermental Organisations (NGOs) • Regulatory compliance • Responsible business practices • Indirect economic contribution • Industry trends & standards • Refer to MD&A (pg 12) • Refer to Environmental Responsibility (pg 40) and Social Responsibility (pg 50) • Participate in NGOs as member, board or committee member • Participation as Council Member in the Chinese Chamber of Commerce & Industry of Kuala Lumpur & Selangor, member of Federation of Malaysian Manufacturers, Sabah Livestock Association, Federation of Livestock Farmers Association of Malaysia, etc. • Throughout the year Community • Direct & indirect economic contribution • Responsible environmental management & contributions to society • Refer to Environmental Responsibility (pg 40) and Social Responsibility (pg 50) • Corporate philanthropy activities • Corporate website • Throughout the year • Throughout the year Media • Business strategy & growth • Food quality & safety • Indirect economic contribution • Regulatory compliance • Environmental management • Workplace management • Refer to MD&A (pg 12) • Refer to Environmental Responsibility (pg 40) and Social Responsibility (pg 50) • Press conferences & events • Press releases • Media interviews • As needed • Throughout the year • As needed QL RESOURCES BERHAD INTEGRATED ANNUAL REPORT 2024 34 35 SUSTAINABILITY STATEMENT 5 SEC.
RkJQdWJsaXNoZXIy NTkwNzg=