Labour Standards and Best Practices Human rights issues are embedded into MSM’s corporate practices, manuals and policies and include key areas covering social performance, safety, human resources and contracting and procurement. In accordance with the Group Sustainability Policy, MSM recognises its responsibilities to respect and aspires to meet the requirements of human rights of its employees and workers as expressed in the Universal Declaration for Human Rights, the United Nations Guiding Principles on Business and Human Rights and International Labour Organisation Core Conventions. As a responsible organisation, we adhere to Malaysian Employment Laws, that amongst other requirements, ensures fair minimum wages and fair working hours. The Group Sustainability Policy provides for MSM to continuously monitor recruitment process to ensure no incidents of forced, bonded, compulsory or child labour occurs in its operating units. MSM will not condone any irregularities in this aspect and moving forward, MSM is exploring ways to strengthen its labour standards and aims to seek guidance in any areas of improvement by involvement in initiatives or commitments with frameworks or associations relating to fair labour standards. During the reporting year, there were no incidences of any non-compliance of labour standards involving the Group. Industry Memberships As a member of recognised industry-led federations such as Malaysian Employers Federation (MEF) and the Federation of Malaysian Manufacturers (FMM), MSM engages with various stakeholders including our supply chain, regulators and policy makers, government, as well as our peers across various sectors to forge partnerships that are committed to responsible business practices and sustainable development. MEF is the central organisation of private sector employers in Malaysia recognised nationally, regionally and internationally. Established in 1959, MEF promotes and safeguards the rights and interests of employers with services that include advising on industrial relations issues and workplace practices assisting them to meet their statutory Labour and Industrial Relations obligations. FMM, since its establishment in 1968, has consistently led Malaysian manufacturers in spearheading the nation’s growth and modernisation. FMM represents over 3,500 manufacturing and industrial service companies of varying sizes and is the officially recognised and acknowledged voice of the industry. In January 2022, Tuan Syed Feizal Syed Mohammad, Group Chief Executive Officer of MSM Malaysia Holdings Berhad was accepted as one of the 54 members of CEO Action Network or CAN, a peer-to-peer informal network of CEOs and Board members focused on sustainability advocacy, capacity building and performance. Through a dedicated Working Group, Workstreams and active members driving bespoke initiatives, CAN aspires to catalyse its members towards future-ready and ESG-integrated business models and ecosystems. MSM has confirmed our active participation in two of the workstreams, Policy Advocacy and Awareness & Capacity Building. In the process, we will exchange industry best practices, and share proven strategies and future-proof ideas with CAN participants. MSM is currently assessing our position to be able to join other CAN members to pledge and publicly announce 14 Collective Commitments to be achieved under three categories, namely environment, people and governance by FY2023 or within 3 years of signing up with CAN. In our next report, we will outline our progress as well as the specific initiatives rolled-out to drive tangible outcomes from our collaborative efforts. SOCIAL INITIATIVES WHO WE ARE STATEMENT & DISCUSSION BY OUR LEADERS HOWWE OPERATE MSM Malaysia Holdings Berhad ANNUAL INTEGRATED REPORT 2021 160
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