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Sustainability Statement

OVERVIEW

We are delighted to share our sixth annual Sustainability Report which reflects our Group’s sustainability efforts in 2021. Across the various countries and industries where Oriental Holdings Berhad (“OHB”) is present, we strive to integrate the highest standards of governance into our sustainability initiatives and our daily business processes. By doing this, we maintain responsible practices, optimise the environmental impact of our business, and provide safe and healthy working environments across our entire chain of operations.

In accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, our Sustainability Report has been produced with reference to the Global Reporting Initiatives Standards.

 

GOVERNANCE STRUCTURE

As part of our commitment towards sustainability, we have established a clear governance structure to ensure utmost compliance and optimal performance across our business operations. Our sustainability directives stem from the head of our organisation, with the Board of Directors (Board) setting the tone and maintaining responsibility for our overall business conduct. Led by our Board Sustainability Committee (BSC), which comprises of the Executive Directors that oversee our seven business segments, oversight and guidance are provided in relation to the formulation and direction of our corporate strategies and policies.

In order to ensure the efficacy of our approach, the BSC is regularly updated on sustainability issues by our Sustainability Working Committee, which consists of Senior Management personnel who are responsible for reviewing and setting goals and targets for identified key sustainability matters and overseeing the progress of OHB’s sustainability efforts. Our quarterly Executive Committee meeting provides a regular communication platform for the BSC to highlight and deliberate anyu 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 2021, 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 notr adversely affect the environments in which we operate.

We acknowledge the impact of climate change both within our business environment and beyond. Our segments are working proactively - actively monitoring changing government policy, adopting eco-conscious practices, and working with our customers, suppliers and communities to create positive impact.

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.

With COVID-19 pandemic bringing forth new challenges for employers, we have responded swiftly and decisively, implementing comprehensive guidelines which protect the wellbeing and safety of our workforce while minimising the impact of the crisis on our business.

 

SUPPORTING SOCIETY'S FIGHT AGAINST COVID-19

In upholding our commitment towards making positive contributions with meaningful impacts for our community, OHB has been diligently carrying out its role as a responsible business in the midst of the ongoing COVID-19 pandemic situation. Notably, OHB has initiated a full scale COVID-19 relief programme led by Dr Tan Hui Ling as our corporate social responsibility project leader. The Group has donated RM2.4 million worth of medical equipment to the country’s healthcare providers. With this contribution, we hope to join forces with healthcare providers to realise our common goal of curbing the COVID-19 pandemic and enhancing public health of the nation.

For more detailed disclosures on our sustainability efforts and material matters, please refer to our Sustainability Report 2021, 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 whilst 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, delivering positive performance and progress within these three pillars of sustainability.