Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2023 30 Frontken Group has invested significant time and resources in transitioning towards more sustainable, digital, and automated business models. Our success is evident in our investments in the digitisation of advanced production systems, expanded production capacity, and re-engineering efforts in water usage, conservation systems, renewable energy, and waste treatment and discharge systems. These initiatives have positioned us as leaders in semiconductor parts processing support technology and environmental sustainability. As we continue to evolve, Frontken Group remains dedicated to creating lasting value while actively contributing to a sustainable future. Frontken Group places a strong emphasis on stakeholder engagement for comprehensive risk management and materiality assessment. We actively involve our stakeholders in discussions about the critical trends and topics essential to the ongoing success of our business. This includes reducing environmental emissions, minimising energy consumption and waste, enhancing safety and productivity, fostering inclusivity, maintaining good corporate governance, and ensuring robust business continuity plans. We view these factors not only as risks but also as opportunities to fortify our risk management practices, creating enduring value and facilitating sustainable growth for the Group. The assessment and enhancement of operational sustainability are seamlessly integrated into the strategic formulation of the Group. Key issues identified have paved the way for the development of strategies and the establishment of mediumterm and long-term goals. In our long-term vision, we aspire to benchmark our sustainability development against recognised frameworks, including the GRI Framework, United Nations Sustainable Development Goals, Responsible Business Alliance (“RBA”) Framework, and Bursa Malaysia FTSE Russell ESG Model Framework. By continuously focusing on the economic and ESG dimensions of our business, we aim to contribute meaningfully to resolving environmental and social challenges. The Board, supported by the Sustainability Management Committee and Risk Management Committee, plays a pivotal role in providing oversight. These committees rigorously review and implement initiatives related to ESG, and more. This collaborative approach ensures that our sustainability initiatives align with the highest standards, promoting transparency, accountability, and responsible business practices throughout the organisation. Through these ongoing efforts, Frontken Group is committed to delivering positive outcomes not only for the business but also for the broader community and the environment. Moving forward, Frontken Group recognises that the health and safety of our employees, their families, and those associated with our business partners are paramount priorities. In FY2023, the Group continued its unwavering commitment to improving and strengthening its focus on the Seven “Core Areas for Action on Sustainability”. These seven dimensions represent the foundation of sustainability development within the Group. Encouragingly, our dedicated employees at Frontken Group remain committed to our mission and core values. The Group consistently invests in enhancing the skills and knowledge of our workforce, ensuring they contribute effectively to our sustainability development vision. As we undergo transformations in our business practices and operations, we express gratitude for our on-site employees who safeguard our facilities, production output, and innovation creation on a daily basis. Their actions align with our employee roles and responsibilities, integrated into their personal objectives and incentives programme, directly linked to our business operational requirements and progress toward Frontken Sustainability Goals. (a) Continuous Innovation and Value Creation: Strengthening our innovation and production platform to provide tangible benefits to customers, ensuring a competitive advantage, and delivering positive social and environmental impact for sustainability development. (b) Maximising Resources and Productivity: Strengthening productivity and optimising resources in production, operations, and the supply chain. This includes managing critical materials, eliminating waste, and reducing costs to become a more sustainable and competitive company. SUSTAINABILITY REPORT (CONT’D)
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