Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2023 31 Highlights of our achievements include: (a) Innovation and Value Creation: Emphasis on continuous innovation to bring competitive advantages to customers while positively impacting society and the environment. (b) Resource Maximisation and Productivity: A focus on optimising resources in production, operations, and the supply chain, including managing critical materials, waste reduction, and cost-effectiveness. For more detailed information, the Frontken FY2023 Sustainability Report is available, providing a comprehensive update on our sustainability strategy. This report builds upon the detailed information shared in our FY2023 Environmental Climate Change and Pollution Control Reports. Covering the 2023 fiscal year, the report includes data, performance highlights, progress against targets, and outlines notable targets set for the medium-term and long-term. This transparent reporting underscores our commitment to accountability, transparency, and the pursuit of sustainable practices. FY2023 ACHIEVEMENT OF SUSTAINABILITY GOALS RESPONSIBLE MANAGEMENT The Board of Frontken Group recognises the paramount importance of upholding high standards of corporate governance to safeguard the interests of stakeholders and the assets of the Group. With a clear understanding of its responsibilities, the Board oversees the Group’s business performance and affairs, providing guidance to management on strategic direction, digitalisation, technology, and innovation. It reviews and approves annual budgets, financial plans, monitors performance, and ensures compliance with all laws and regulations. Major acquisitions and corporate exercises also receive Board approval. The sustainable development of our management team’s characters and capabilities is integral to our corporate social responsibility. We prioritise financial prudence, discipline, integrity, and strong risk management. Commitment to high standards of corporate governance sustains growth, safeguards stakeholders’ interests, and maximises long-term shareholders’ value. At Frontken Group, we continuously improve ourselves towards achieving the highest standards of corporate governance, viewing employees as our most valuable asset. We actively foster a collaborative team culture with shared vision and positive values. Through continuous responsible innovation, green production, and sustainable supply chains, we provide customers with advanced and comprehensive process technologies and services, promoting environmental friendliness and societal contribution. Our commitment extends to delivering sustainable growth, protecting the environment, empowering lives, and nurturing communities where we operate. Responsible management, innovation, employees, green production, supply chain, and inclusive society define the core values that guide our corporate ethics and culture. We prioritise employee growth, recognising that their development contributes to corporate growth. Frontken Group maintains a zero-tolerance policy towards fraud, corruption, and unethical actions. Our anti-bribery and corruption policies, fraud investigation procedures, and whistleblower mechanisms underscore our commitment to fraud risk management. We conduct regular fraud and control awareness programmes to educate and update employees. Whistleblower hotlines ensure that individuals can report misconduct without fear of reprisals, fostering transparency and accountability throughout the organisation. Our adherence to these principles has enabled us to build trustworthy relationships globally, instil pride in our employees’ work, foster innovation, and continually enhance productivity. At Frontken Group, ethical conduct, transparency, and accountability are foundational to our operations, ensuring sustainable growth and value creation for all stakeholders. BOARD OF DIRECTORS SUSTAINABILITY REPORT (CONT’D)
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