• Malaysian Anti-Corruption Commission Act 2009 • Direct Sales and Anti-Pyramid Scheme Act 1993 • Copyright Act 1987 Regulatory Compliance Regulatory compliance is critical for protecting the Group’s integrity and reputation as well as fostering our stakeholders’ trust. Instances of non-compliance would subject us to warnings, fines and suspension/revocation of our operating licenses. Key regulations applicable to our operations are listed but not limited to the following: • Bursa Malaysia Main Market: Listing Requirements • Applicable Accounting Standards • Employment Act 1955 • Personal Data Protection Act 2010 • Provide timely and relevant information to our stakeholders to aid their decision-making, especially during these unpredictable times when it is even more important to gauge the Group’s standing. A dedicated team was formed to ensure the consistency, completeness and timeliness of our reporting and to report to the Management and BOD on a frequent basis. During the FYE 31 August 2022, there have not been any instances of delayed presentation of information. • Generate sustainable financial and economic returns without compromising on the value to our stakeholders in order to ensure the sustainability of our business. Please refer to the Management Discussion and Analysis section of this Annual Report for more details regarding the Group’s financial performance. 2 1 Financial Performance Achieving sustainable economic growth is our main goal, though we are always observant of any adverse impact our activities may bring to our society and environment. In terms of reporting and communication of information, we strive to: SOLIDIFYING ECONOMIC PERFORMANCE The factors in the previous financial year were reviewed for their relevance. For this financial year, we have added Data Privacy and Security in terms of materiality. Disclosures on the impact and COVID-19 continues to be monitored and updated across our operations. The Group shall continuously review our material factors to ensure its relevance against our ever-changing operating environment. Material Factors Sustainability Goals Solidifying Economic Performance Creating a Sustainable Workplace Environmental Stewardship Building a Sustainable Community 1) Financial Performance 2) Regulatory Compliance 3) Ethics and Integrity 4) Investor Relations 5) Data Privacy and Security 6) Quality Control 7) Diversity and Equal Opportunities 8) Developing Competencies 9) Occupational Safety and Health 10) Material Sourcing and Managing Waste 11) Social Responsibility 12) Building Digital and Technological Awareness MATERIALITY ASSESSMENT Part of our ongoing effort is to identify, assess and prioritise sustainability matters that are relevant and significant to the Group and our stakeholders. Organising and reviewing these sustainability matters would enable the Group to manage them more effectively. As such, having gone through an extensive list of Environmental, Social and Governance (“ESG”) factors identified based on our industry, peers and sustainability megatrends, we have decided to prioritise 12 material ESG factors, which are categorised under our sustainability goals which are aligned to the three pillars of sustainability that is the EES as follows: (continued) SUSTAINABILITY STATEMENT 35 ANNUAL REPORT 2022
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