The Company’s initiative on Sustainability reflects its commitment to monitor and report its progress on sustainable strategies, overview of the Group’s sustainability efforts and our approach towards risks and opportunities in environmental, social and governance (“ESG”) aspects.
Our organisation-wide sustainability agenda “Replanting Sabah’s Forests for Future Generations” represents our commitment to sustainable development. This agenda translated into a sustainable forest management and protecting the environment.
Sustainability Policy
Sustainability involves the comprehensive integration of ethical business practices, responsibly and profitably addressing pertinent Environmental, Social, and Governance (ESG) concerns.
Our Sustainability Governance
We believe a strong governance structure and a clear line of accountability will enable the Group to deliver its commitment to sustainability.
The Board has oversight responsibility to deliver sustainable value to stakeholders through the principles, policies, objectives and strategies of Jawala. The Board is primarily responsible for the Group’s sustainability practices and performance and is assisted by a team comprising of selected senior management and key executives. The team initiates, drives and monitors various aspects of the Group’s sustainability practices, ensuring effective integration of ESG initiatives into the business operations and corporate objectives.
Stakeholder’s Engagement
The Group understands the needs and expectations of our key stakeholders and strive to build mutually beneficial relationships. We engage our key stakeholders through the following ways and identified area of interest in FY 2021:
Stakeholders | Means of communication | Frequency | Area of interest |
---|---|---|---|
Shareholders |
|
|
|
Government and Regulators | Consultations and seminars organised by regulatory bodies Advice and information from professionals e.g., sponsors and regular liaison with the Sabah Forestry Department to comply with their requirements | Regularly |
|
Customers |
| Annual |
|
Suppliers | Suppliers’ assessment and feedback | Annual |
|
Employees |
| Regularly Annual |
|
Material Sustainability Matter
The Group understands the needs and expectations of our key stakeholders and strive to build mutually beneficial relationships. We engage our key stakeholders through the following ways and identified area of interest in FY 2021:
Further Reading
HIGH VALUE CONSERVATION FORESTS (HCVF) in SFMLA 02/2015
This document follows the guidance of the MC&I V.2 (Plantation) Standard (2012) in mapping and managing HCVFs in SFMLA 02/2015.
We classify our material sustainability matters into ESG as follows:
Environment
- Research and Development
- Environmental Impact Assessment and Mitigation
- Training and staff development
- Health and safety
- Workforce diversity
- Community development
Corporate Governance
- Compliance SFMLA
- Legal compliance and Corporate Governance
Social