Datasonic Group Berhad Annual Report 2019

SUSTAINABILITY STATEMENT ABOUT THIS SUSTAINABILITY STATEMENT This Sustainability Statement provides transparent information on the sustainability activities and management strategies of Datasonic Group Berhad (“Datasonic” or “the Group”), and is reported annually based on the following references/guidelines: • Global Reporting Initiative (“GRI”) Standards; • Sustainability Reporting Guidelines and Toolkits issued byBursaMalaysia Securities Berhad (“Bursa Malaysia”); and • ListingRequirements of BursaMalaysia - Paragraph 9.45(2) and Paragraph (29), Part A of Appendix 9C of the Main Market Listing Requirements (supplemented by Practice Note 9). In May 2018, we performed our very first materiality analysis with our key stakeholders in line with our sustainability strategy. SUSTAINABILITY AT DATASONIC Sustainability has always been a key component of the Group’s cultureaswe strive tosustaincontinuousfinancial performance and healthy growth. We are becoming increasingly aware of the important contribution sustainability makes to business value creation. Our sustainability statement highlights our strategic approach to addressing sustainability challenges andopportunities that contribute to thebetterment of the business, environment and society. In linewiththeEconomic, Environmental andSocial (“EES”) framework adopted by both the GRI and Bursa Malaysia, we are aligning our sustainability approach, practices and performance towards fostering greater sustainability governance. Sustainability Governance Although sustainability is still not a specific item on the agenda during Board meetings, the Board is committed to embedding sustainability into the Group’s business strategies and operations. Our Executive Committee (“EXCO”) oversees the implementationof theGroup’s sustainabilityapproach, practices andperformanceaccording toEEScriteria. This approach ensures that the Group’s Core Philosophy of providing integrated ICT solutions that will contribute towards nation building may be realised. Four action plans have been proposed to the Management Committee to formalise group-wide sustainability governance. The status of implementing the four action plans for the formalisation of group-wide sustainability governance is as follows: Action Plan Status of implementation Action Plan 1 of 4: Establishasustainabilityframework, management policy andprocedures to guide anddirect key EESmatters. Our plan toachieve sustainability is throughgroup-wide strategicmanagement. Accordingly, a Strategic Management Committee (“SMC”) was formally established on 21 May 2019 to pursue the following objectives: • Formulate relevant business strategies that are aligned to the Group’s Vision and Mission; • Plan for corporate sustainabilitybymanagingour triplebottom line so that we could compete successfully in the market and/or expand our business confidently; and • Ensure that our strategies are adopted based on the Board’s risk appetite so that our limited resourcesmaybemobilisedeffectively to fulfil our goals. Policy and procedures for Strategic Management: Our roadmap or “MasterManual -We Are Datasonic” whichwas circulated on 16 April 2019 shall serve as a broad framework or internal reference guide on theGroup’s roadmap togroup-wide strategicmanagement, albeit it isbeingfine- tuned as we continue to review ways to enhance our group-wide governance, risk management and compliance practices. DATASONIC GROUP BERHAD (Company No. 809759-X) ANNUAL REPORT 2019 32