Sustainability

Sustainability Statement

In line with its vision and core values, PPB Group Berhad (“PPB”) aspires to achieve excellence in sustainability by integrating sustainable practices into every one of its business activities.

The PPB Board (“the Board”) has oversight responsibility to deliver sustainable value to stakeholders through the principles, policies, objectives and strategies of PPB and its subsidiaries in Malaysia (“the Group”). To assist the Board in fulfilling its responsibilities, a Sustainability Steering Committee (“SSC”) was established in August 2017. The SSC is chaired by PPB’s Managing Director and comprises PPB’s Head of Corporate Affairs as Group Chief Sustainability Officer, PPB’s Department Heads and the Sustainability Officers of the various subsidiaries.

The SSC reports twice-yearly to the Board and is responsible for:

Grid 01

Developing and driving the implementation of sustainability policies and strategies, plans and project budgets.

Grid 02

Reviewing and reporting on progress against sustainability strategies, targets, plans and budgets.

Grid 03

Developing an annual Sustainability Statement.

Grid 04

Identifying, communicating and promoting best sustainability practices in the Group.

About this statement

This is our third Sustainability Statement based on the Bursa Malaysia Securities Berhad listing requirements and sustainability parameters aligned to international reporting guidelines and frameworks, such as the Global Reporting Initiative (GRI).

During our first reporting process in 2016, a materiality matrix of issues was validated by our various divisions and combined into a consolidated matrix of 16 prioritised issues relating to the activities of the Group. This was subsequently approved by the Board and formed the basis of an agreed set of key performance indicators (“KPIs”) used to report on our sustainability performance. To ensure that new developments within our businesses are taken into consideration, as well as to reflect wider changes to the sustainability agenda, we plan to undertake a review of our materiality assessment and targets in 2019.

Our first Sustainability Statement described our performance on key non-financial metrics, highlighted areas where our sustainability management and processes could be strengthened, as well as provided a basis for us to continually improve on our subsequent reporting to better meet our stakeholders’ expectations. We started by setting targets in 2016, and in the next two years, we focused on the set targets, the most material challenges, as well as improved our sustainability reporting and documentation. An overview of our achievements and progress is presented below, along with our targets for 2019.

In the following sections, we report on our performance in greater detail based on the four pillars of our approach to sustainability – environmental impact, working environment, marketplace engagement and community investment.

Our sustainability reporting covers only our Malaysian operations from our main segments – Grains and agribusiness, Consumer products, Film exhibition and distribution, Environmental engineering and utilities, and Property.

 

OUR SUSTAINABILITY FRAMEWORK

In 2018, we focused on our set targets and the most material challenges, while making greater efforts to improve our sustainability reporting and documentation. In the following sections we report on our performance in greater detail based on the four pillars of our approach to sustainability; environmental impact, working environment, marketplace engagement and community investment as below:

  •  Environmental Impact
  • Environmental Impact

We recognise the importance of environmental protection for the long term sustainability of our businesses. Our materiality assessment in 2016 showed that the most immediate issues within our own operations relate to resource use and the impact of this use – particularly water and energy, and the waste generated. We mainly operate in industrialised zones and urban areas, primarily in the Klang Valley, Malaysia and have relatively little direct impact on biodiversity. Our most significant action points therefore target the reduction of our climate impacts through
minimising our carbon footprint and energy consumption, reducing our water impact and improving waste management.

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  • Working Environment
  • Working Environment

A major sustainability issue faced by all industry sectors in Malaysia today is the recruitment and retention of employees – from unskilled workers to highly skilled professionals. Our approach to this challenge includes focusing on creating and maintaining safe workplaces, and an engaging and supportive culture to empower talented individuals to succeed.

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  • Marketplace Engagement
  • Marketplace Engagement

Code of Conduct and Ethics
The Group is committed to conducting its businesses in compliance with local laws and regulations and with utmost
integrity, transparency and accountability. A code of conduct and ethics, which is included in both our Group employee handbooks and on our website – www.ppbgroup.com – sets out the standards of conduct and personal behaviour our directors and employees are required to observe to ensure that the Group’s commitment is upheld.

Anti-corruption
The Group firmly believes in operating its businesses based on high standards of integrity, transparency, ethics and
accountability and is against corruption in all forms. Our code of conduct and ethics sets out the Group’s business values and practices by which our directors and employees are required to abide. We also have in place Group-wide whistleblowing policies with mechanisms to enable employees and external parties to confidentially report any breach, or suspected breach, of any law or of our policies and practices. All complaints are investigated and such breaches may lead to disciplinary measures, including dismissal.

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  • Community Investment
  • Community Investment

CSR Task Force
We see ourselves as a force for good in the communities where we operate. Local wealth creation is identified as an important material issue for the Group and we are committed to balancing our business needs with support for community growth and well-being. In this, we have taken a more strategic approach to planning and delivering community investment programmes that are closely linked to our businesses and areas of operation. The SSC is responsible for overseeing the Group’s community investments. To assist the SSC in devising strategies and reviewing, managing, implementing and tracking our community investment programmes, a CSR Task Force comprising representatives from PPB’s Head Office and the subsidiaries was set up in 2017. Our Group community investment strategy has three pillars – Social, Environmental, and Arts and Culture – that support programmes including youth education and development, living skills and standards enhancement, environmental awareness and health activities.

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