Sustainability
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Sustainability Statement

OVERVIEW

We are delighted to share our fifth edition of annual sustainability report which reflects our Group’s sustainability efforts in 2020. Across the various countries and industries Oriental Holdings Berhad is found present, we strive to integrate highest standards of governance in sustainability into our daily business processes. This is to ensure that we maintain responsible and ethical practices, optimise the environmental impact of our business and provide safe and healthy working environments across our entire chain of operations.

Our Sustainability Report has been produced in reference with Global Reporting Initiatives Standards to meet Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

 

GOVERNANCE STRUCTURE

The Board Sustainability Committee (BSC), which comprises of the Executive Directors that oversee our seven business segments, holds the responsibility of providing oversight and guidance in the formulation and direction of our corporate strategies and policies. The BSC is regularly updated on sustainability issues by our Sustainability Working Committee, which consists of Senior Management personnel that are responsible for setting goals and targets for identified key sustainability matters and overseeing the progress of OHB’s sustainability efforts. To ensure thoughtful consideration of the sustainability topics, our quarterly Executive Committee meeting provides a regular communicative platform for the BSC to highlight and deliberate any matters relating to our sustainability approach and reporting.

                                                                              OHB Group Governance Structure


SCOPE

Our Sustainability Report covers the sustainability performance and progress from all segments for the financial year ended December 2020, unless otherwise stated.

 

SUSTAINABILITY MATTERS

The three sustainability matters are as follows:-

1.     Economic

We constantly review our business practices and focus on creating long-term sustainable growth for our stakeholders. We deliver economic performance that is underpinned by good corporate governance and high ethical standards. We ensure compliance with various national laws in Malaysia, Indonesia, Singapore, Australia, New Zealand and other overseas markets where we have operations and business activities.

2.     Environment

We strive to adopt best practices in our daily operations through accountable processes, continuous monitoring and implementation of effective initiatives to reduce and mitigate our environmental footprint. We work with our stakeholders to enhance awareness, promote environmental practices and utilise operational processes that do not adversely affect the environments in which we operate.

3.     Social

We consider our people to be our most valued resource and take great care in managing and developing talent to ensure our people are supported and protected at the workplace. We also strongly believe that our success and growth should be mirrored in local communities where we conduct our business. We thus endeavour to give back to our local communities in ways that are meaningful as well as impactful.

For more detailed disclosures on our sustainability efforts and material matters, please refer to our Sustainability Report 2020, publicly available online via our website at www.ohb.com.my.

 

FORWARD-LOOKING STATEMENT

The Group is pleased to have remained on track in driving our sustainability initiatives while mitigating and managing the challenges brought forth by the pandemic. The Group remains optimistic that we will continue to deliver an overall performance that meets or surpasses our Economic, Environmental, and Social objectives and goals. We will continue to improve our disclosures and reporting approach, deliver positive performance and progress within these three pillars of sustainability.