Sasbadi Annual Report 2019

SUSTAINABILITY STATEMENT PAGE 27 Sasbadi Holdings Berhad ("Sasbadi" or "the Group") is pleased to present our Sustainability Statement which outlines our commitment towards being a sustainable organisation and our endeavours to continuously improve across the three pillars of sustainability, i.e. Economic, Environmental and Social ("EES"). SCOPE AND REPORTING BOUNDARY Our sustainability statement covers the Group’s efforts and initiatives undertaken within our financial year ended ("FYE") 31 August 2019. The disclosures within this statement are based on the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Malaysia") on sustainability disclosure. Unless otherwise stated, this statement covers the overall EES performance of all the operating divisions of Sasbadi, all of which are located in the Klang Valley. This statement is to be read in conjunction with the rest of Sasbadi’s Annual Report FYE 31 August 2019, which highlights other financial and non-financial aspects of our operations. SUSTAINABILITY STRATEGY The strategy put in place revolves around our vision of becoming a total education solutions provider. As our operations impact not only the local economy but also the environment and society at large, sustainability has become an integral part of us where our stakeholders’ interests are placed at the heart of our business. The following serves as a guide for the sustainable growth of our business: ‹ Continuously support our stakeholders’ sustainability initiatives, in both the upstream and downstream channels of our supply chain ‹ Improve resource efficiency by way of sustainable consumption and production throughout our supply chain, from design through to operation ‹ Develop new products and enhance our operating processes to include sustainable alternatives that reduce the consumption of natural resources where possible ‹ Minimise waste during production activities and incorporate recycling practices ‹ Develop measures to monitor and evaluate our Health, Safety, Environmental and Quality performance data, employee development methods, customer satisfaction feedback and our financial performance ‹ Promote philanthropic actions and behaviour amongst Sasbadi’s employees to instil a sustainable mindset and promote harmonious living GOVERNANCE STRUCTURE We have established a governance structure to drive and manage sustainable practices across our various operations. The Board of Directors ("BOD") leads the Group in managing sustainability matters relating to our business operations. They are supported by the Executive Director ("ED") who is responsible for recommending to the BOD strategies and initiatives to improve the Group’s sustainability and obtaining the BOD’s approval in the matter. The ED will then monitor the sustainability strategies carried out by members of the senior management team (collectively known as Management) and external advisers, if required. Management is also responsible for identifying, implementing and managing the sustainability initiatives across the Group. STAKEHOLDER ENGAGEMENT We strive towards ethical and transparent interactions with our internal and external stakeholders as we believe open platforms for stakeholders’ engagement drives the continuous growth of our business. The following presents identified key stakeholder groups, a non-exhaustive list of their areas of interest and our various forms of engagement with them. Stakeholders have been identified and profiled based on their influence on the Group or how they are impacted by the Group. Engagement with each stakeholder is made on an as-needed basis. ANNUAL REPORT 2019