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::.Sustainability Policy

1.

OBJECTIVE

This policy aims to outline the framework in promoting sustainability. In order to enhance stakeholders’ perception and public trust towards the Group, the Board believes that attention shall be given to environmental, social and governance (“ESG”) aspects of business which underpin sustainability and relate these aspects to the interests of the various stakeholders.

 

2.

PRINCIPLES OF SUSTAINABILITY

On March 1987, the United Nation’s World Commission on Environment and Development describes sustainability development as development that meets the needs of the present without compromising the ability of the future generations to meet their own needs.

Consistent with this principle, we at Melati Ehsan Holdings Berhad, would take into consideration of the impacts of our business and management processes on ESG and evaluate its magnitude before deciding on our business course of action.

In this respect, we are committed to:

  1. Continuously improve safety and health at our work place;
  2. Ensure compliance with regulatory requirements;
  3. Improve the quality of the environment;
  4. Create a happy and loving work place for our employees;
  5. Give back to and serve the underprivileged and needy in the community that we operate;
  6. Improve the efficiency of materials, water, power and papers usages and reducing and recycling wastages; and
  7. Practice ethical and fair business principles and approaches.
 
3. BOARD'S RESPONSIBILITY

In order to promote sustainability in our business, Board shall:

  1. Priorities sustainability goals and targets;
  2. Approve budget for sustainability initiatives;
  3. Review management initiatives and ensure management considers and balances the shareholder value and sustainability expectations; and
  4. Review the result of assurance with management and identify areas for improvements.
 

4.

MANAGEMENT'S RESPONSIBILITY

Management is responsible to the board to execute and uphold the commitments identified in the sustainability policy of the Company. These include but not limited to:

  1. Ensuring alignment of Group’s sustainability commitments with the management’s strategies;
  2. Identifying initiatives and resources that are essential to achieve sustainability goals;
  3. Assessing feasibility of sustainability projects;
  4. Defining and recommending to the Board the sustainability initiatives;
  5. Communicating sustainability targets and metrics to relevant stakeholders;
  6. Co-operating with external verification and assurance providers;
  7. Reviewing sustainability initiatives and recommending improvements;
  8. Updating the Board on the status of project implementations and course of action for promoting sustainability in business; and
  9. Maintaining its sustainability policy in the corporate website.
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