Sustainability Statement Sustainability Statement SOCIAL RESPONSIBILITY At the heart of QL’s business lies its people, and our people-centric approach begins with our employees. At QL, we regard our employees as our most valuable asset. We invest in cultivating and enhancing our human capital by providing them with the necessary skills and knowledge to not only contribute to QL’s business growth but also to the socio-economic development of the nation. Committed to fair labour practices, QL endeavours to foster a positive work culture and create a safe, healthy, and conducive work environment for our workforce. In FY2024, our Lost Time Injury Frequency Rate (LTIFR) performance experienced a decline of 21.4% compared to FY2023. Nonetheless, we remain dedicated to ensuring a safe workplace for our employees. Recognising the significance of this dedication, we have set a goal to achieve an 8% improvement in LTIFR in FY2025. 16 training hours for executives and 10 training hours for non-executives per year Average training hour of 26.78 per executive and average training hour of 20.85 per non-executive Zero fatality One fatality reported Zero substantiated complaints concerning human rights violations Zero substantiated ccomplaints concerning human rights and fair labour received through whistleblower channel FY24 Performance Target Material Matter Our Targets LS OSH TM Our focus on people extends beyond our employees to encompass other stakeholders and the communities in which we operate. We enhance our business resilience to ensure the long-term creation of shared value for stakeholders such as suppliers and customers. Our prosperity is intertwined as we uphold shared values. QL actively engages in societal contribution by making a positive impact on the lives of our beneficiaries and striving for a more equitable future for all. Labour Standards • 1,791 employees attended the Human Rights and Labour Standards Policy Briefing • Revised and enhanced Human Rights and Labour Standards Policy, with 289 employees trained on the revised policy • Internal human rights and fair labour due diligence audits carried out for 4 business sites • 35 people managers attended the workplace bullying and harassment training • Zero reports received on human rights and fair labour violations QL remains steadfast in our commitment to being acknowledged as an employer that prioritises good human rights and fair labour standards practices. We recognise the significant responsibility our organisation holds in ensuring human rights and fair labour practices across all our business operations. Compliance with all relevant legal requirements concerning human rights and fair labour practices is paramount to us. Our dedication extends to upholding the rights of our employees and third-party workers by aligning our human rights and labour practices with international good practices, which include the principles outlined in the UN Guiding Principles on Business and Human Rights. Performance Our Approach LS We firmly remain committed to conducting our business in a manner that respects the human rights and dignity of all people. We continuously strive to complying with all applicable laws and following international best practice guidelines to uphold our stance on human rights and labour standards. Throughout the reporting period, a total of 1,791 employees have been trained on the human rights and labour standards policy. As a testament to QL’s ongoing efforts and stance to respect and support human rights, we have revised and enhanced our existing Human Rights and Labour Standards Policy. A copy of the revised and enhanced QL’s Human Rights and Labour Standards Policy can be found on the company’s website. Following the revised and enhanced version of our Human Rights and Labour Standards, we have commenced a group-wide internal briefing for all our employees. In March 2024, a total of 289 employees have been briefed on the revised policy. We are currently planning and scheduling the remaining briefing sessions for all employees in the coming financial year. We believe that the internal briefing on the policy is crucial for all our employees, enabling each employee to be fully aware of their rights as well as cultivating a culture of respect and promoting human rights in our workplace. Our Human Rights and Labour Standards Policy and stance have also been communicated to our business associates and all parties dealing with us and within our supply chain ecosystem. We have established a Code of Business Ethics (Suppliers and Business Associates) outlining our human rights stance and labour standards expectations. We have also emphasised that we will not tolerate any violation of QL’s Human Rights and Labour Standards Policy by any business associates and will immediately cease any dealings due to any known violation. We seek to receive a signed acknowledgement from our suppliers and business associates acknowledging our expectations of QL’s human rights and labour standards stance. Strengthening QL’s Stance to Uphold Human Rights and Labour Standards Recognising the pivotal role that the human rights due diligence audit can play, we have heightened our efforts to focus on carrying out the human rights and labour standards due diligence audit for selected sites. This year, the Group HR team has completed the human rights due diligence audit for four sites, which mainly encompasses the MPM and CVS business pillars. QL Endau Marine Products Sdn. Bhd., QL Endau Deep Sea Fishing Sdn. Bhd., and QL Endau Fishmeal are mainly from the MPM business pillar that have been audited. The CVS business pillar that has been audited is from QL Kitchen Sdn. Bhd. Strengthening QL’s Stance to Uphold Human Rights and Labour Standards QL RESOURCES BERHAD INTEGRATED ANNUAL REPORT 2024 50 51 SUSTAINABILITY STATEMENT 5 SEC.
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