Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2023 34 In summary, FY2023 marks another year of Frontken Group significant progress and strong external recognition of its business practice and ESG efforts. Some other highlights include: (a) Frontken won the gold awards in most improved performance over three years (RM800M to RM5B market Capitalisation) by the Edge Malaysia ESG award 2023. (b) Frontken has achieved the inclusion into the FTSE4Good Bursa Malaysia Index. (c) Frontken has achieved the inclusion into the FTSE4Good Bursa Malaysia Shariah Index. (d) Frontken has achieved top 25% (4 stars) by ESG Ratings among PLCs in FBM EMAS that have been assessed by FTSE Russell. It’s commendable to acknowledge and appreciate the efforts of Frontken’s ESG team and all its dedicated employees, including domain experts from various business units. Their continuous innovation and guidance have played a crucial role in achieving the company’s ESG goals. The collective commitment of the team demonstrates Frontken’s dedication to fostering a strong, profitable, and sustainable business practice. Even amidst global uncertainties and complexity, the confidence expressed in Frontken’s unwavering commitment to building a robust and sustainable business is noteworthy. This confidence reflects the resilience and determination of the entire Frontken community to navigate challenges, embrace innovation, and contribute positively to the broader business landscape. The acknowledgment of the team’s efforts and the commitment to sustainable practices reinforces Frontken’s position as a responsible corporate entity, dedicated to creating long-term value for all stakeholders. It’s through such dedication and collaborative spirit that companies can continue to thrive and make meaningful contributions to the global business community. In the reporting period of FY2023, we achieved the following: RND INNOVATION INDICATORS UNIT OF MEASURE FY2023 RESEARCH AND DEVELOPMENT AND INNOVATION (“RDI”) RATE I. Increase of at least 10% in RDI rate; computed based on per unit of dollar revenue/RND cost for each period. (Baseline data is FY2019); rate 83.35 II. Increase of at least 10% in return of investment in RDI activities; computed based on per unit of dollar operating profit/RND cost for each period. (Baseline data is FY2019); return of investment 20.67 III. Number of RDI activities and IPs generated per FTE for each period. number 6.56 SUSTAINABILITY REPORT (CONT’D)
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