Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2022 28 SUSTAINABILITY REPORT (CONT’D) (a) Continuous innovation and value creation through product and service portfolios – strengthen our innovation and production platform to bring tangible benefits to our customers with competitive advantage and deliver positive social and environmental impact for sustainability development. (b) Continuous maximising resources and productivity through sustainable business operations – strengthen our productivity and optimise all resources in our production, operations and supply chain including critical materials used, eliminating waste, and reducing cost to be a more sustainable and competitive company. Some of the highlights of our achievements are summarised as follows, with more details within our Group Sustainability Report FY2022, where we measure and report our sustainability performance. Frontken FY2022 Sustainability Report provides an update on the more detailed information about our sustainability strategy that we shared in our FY2022 Environmental Climate Change and Pollution Control Reports. Our 2022 report covers our 2022 fiscal year and includes data, performance highlights, and progress against our targets. It also mentions notable targets set in medium-term and long-term. FY2022 ACHIEVEMENT OF SUSTAINABILITY GOALS 1. RESPONSIBLE MANAGEMENT The Board of the Group is cognisant of the importance of deploying high standards of corporate governance for the purposes of safeguarding the interest of its stakeholders as well as the assets of the Group. The Board oversees the business performance and affairs of the Group and provides general guidance to the management, including charting strategic direction, guiding management on digitalisation, technology and innovation, reviewing, and approving annual budgets, financial plans and monitoring the Group’s performance, approving major acquisitions, and corporate exercises, as well as ensuring the Group’s compliance with all laws and regulations. The Group views the sustainable development of its management team characters and capabilities as a key part of its corporate social responsibility. We focus on financial prudence, discipline, and integrity with strong risk management. We are committed to high standards of corporate governance to sustain growth and performance and to safeguard stakeholders’ interest and maximise long-term shareholders’ value. We hold ourselves to the highest standards of corporate governance. We believe employees are our most important asset and works actively to build a collaborative team with shared vision, balanced culture, and positive values. We provide customers with the most advanced and comprehensive process technologies and services through continuous responsible innovation, green production, and sustainable supply chains friendly to the environment and we take action to give back to society. The Group will continue to be committed to deliver value to our stakeholders through sustainable growth in our businesses, protecting the environment, empowering lives of people and nurturing communities where we operate. We will also continue to build the Group on the foundation of responsible management, responsible innovations, responsible employees and responsible green production, responsible supply chain and inclusive society and communities. The Group’s core values define the fundamental corporate ethics and culture for each and every one of its officers and employees. We treasure our people, and we optimise our employees’ talents to the fullest and ensuring employees’ growth will eventually generates corporate growth. Our core values have helped us to build trustworthy relationships with our customers and suppliers/partners around the world; and enable our employees worldwide to take pride in their work; and enable everyone in our Group to generate innovations and continuously improve our productivity.
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