Sasbadi Annual Report 2018

35 SUSTAINABILITY STATEMENT ANNUAL REPORT 2018 Sasbadi Holdings Berhad (“Sasbadi” or “the Company”) understands that managing sustainability matters enables us to facilitate, support and drive value not only for the Company, but also for society at large. By taking into consideration the economic, environmental and social (“EES”) risks and opportunities alongside financial implications, we aim to generate long term benefits and better serve our stakeholders. This will facilitate the Company’s business continuity and ensure we remain a sustainable organisation. We strive to be aware of matters affecting sustainability in our operating environment and to manage them effectively and responsibly. We have identified a few issues in consideration of their impacts and relevant risks and opportunities associated with the Company’s overall objectives. Some of these issues fall under themes that are aligned with international reporting frameworks and sustainability indices such as the Global Reporting Initiatives (“GRI”) and the FTSE4Good Bursa Malaysia Index. Sasbadi has also met the globally recognised standards and became a constituent company in the FTSE4Good Bursa Malaysia Index in June 2018. ECONOMIC Procurement Practices The Company’s procurement practices add value to local communities as we source nearly all of what is needed for our business locally. Most of our printing, packaging and office maintenance services are outsourced to companies that are based in the Klang Valley. Save and except for products that are not manufactured locally, for example simili paper, we are committed to working with local businesses to fulfil the Company’s needs. This is because we believe in contributing to our local economic growth and sustaining a healthy ecosystem for local industries. Moreover, we find that engaging local partners for our procurement practices enhances the Company’s efficiency by allowing us to deal with the potential risks of supply chain disruptions, as well as reduces cost in purchasing and compliance. Aside, by sourcing our needs locally we are also able to reduce our carbon footprint. Community Investment Sasbadi recognises the importance of corporate social responsibility and believes that giving back to the community and helping those in need is part of our duty as a Malaysian corporate citizen. Every year, we actively participate in and support various initiatives relating to education for the community. We focus on programmes that provide needy children the opportunity and access to quality education, as well as those that nurture the development of skills for the 21st century. Children in the outskirts of East Malaysia receiving Sasbadi books Photos above: Children from Kampung Orang Asli in Selangor learning with Sasbadi books