Frontken Corporation Berhad 200401012517 (651020-T) • A N N U A L R E P O R T 2 0 2 1 25 Dear Valued Shareholders, On behalf of the Board of Directors, I’m pleased to present to you the Annual Report and Audited Financial Statements of the Group for the financial year 2021 (“FY2021”). As part of this Annual Report, we have also included the Management Discussion and Analysis to provide our shareholders with a more insightful and informative details of the Group’s operation and performance. The year 2021 was both challenging and rewarding at the same time. Despite various challenges, the Group’s revenue and earnings were at an all-time high with growth across all our businesses. This speaks volume about the strength and resilience of the Group and the continuous extraordinary efforts we have put in over the years. SUSTAINABILITY REPORT MESSAGES FROM SUSTAINABILITY COMMITTEE DEAR STAKEHOLDERS, For many years, Frontken Group (the “Group”) built technology and provide services that enable our customers to be more sustainable and do more for our environment, community and society. We integrate our technology, practices, partnerships, and processes around a single mission - to build sustainability through actionable technology; and make more positiv impact towards the environment and society together with ur cust mers, employees nd stakeholders. We have been committed to health, safety, environmental and corporate responsibility and sustainability development. We are focused on providing our customers around the world with products, services and technologies that help to improve and achieve the sustainable Environment 5.0 and Society 5.0 and make an explicit and positive contribution to challenge of the Sust i abl Development Goals today. The year 2021 (“FY 2021”) was a difficult year with many uncertainties as the COVID-19 pandemic continuously and severely affected and impaired our lives, our operations, our communities, and the whole world economies. From the onset of the pandemic since January 2020, the Group set up an Emergency Response Team, which reports directly to our executive board members, and promptly implemented a number of counter-measures and all necessary steps, including all governmental guidelines and industry best practices; such as work from home for our employees wherever possible, implement split-shift work, cleaning protocols to minimise the risks for our employees, our customers and supply chain partners. We are constantly working to gather information and deploy measures regarding the everchanging operational situations, while ensuring the health and safety of our employees. At the fiscal year 2021 meetings of the Sustainability Committee, the members discussed and updated the specific measures required to achieve Environmental Vision 2050, which aims to reduce greenhouse gas emissions by 50% by 2050, as well as confirming the progress and reviewing the targets for 2025 and long-term goals. In addition, the committee evaluated and identified risks and opportunities related to the environment including climate change following the various references and standards including Climate-related Financial Disclosures recommendations, and discussed the direction of the Company's environmental initiatives, such as waste recovery and recycling based on these standards and efforts toward a circular economy. The Group has continuously explored different ways to grow our business while undertaking challenges associated with the reduction of greenhouse gas emissions and improving our positive impact towards the environment and society. Through the development of our technology, products and services that contribute to environmental protection and energy conservation and the mitigation of global warming, we aim to reduce the world's greenhouse gas emissions while further developing our businesses. We will focus on disclosing environmental, social and governance (“ESG”) information, including climate change. In FY2021, we further strengthened the Group’s commitments to various aspects of sustainability development, especially on the governance, health and safety of our employees, environmental sustainability and emissions and climate changes and sustainable supply chain. Our sustainability report covers our accomplishments in FY2021 during which time we took important steps to strengthen and integrate our sustainability vision, which is key to the long-term sustainable growth, development, and profitability of the Group. We have dedicated additional resources to fully control, digitise and integrate our sustainability initiatives. These initiatives are aimed to recognise opportunities for profitability, continuous improvement, build enterprise value, preserves business integrity, and protects our reputation. At the Group level, we continuously develop advanced technology to help our customers create sustainable products and services that make their critical parts last longer, perform better and look beautiful and recyclable in their critical processes. In short, we research, develop, and build unique advanced technology to support and extend the critical processes for our customers’ businesses. Our technology helps customers to (a) PROTECT the surfaces of their critical parts used in everyday production; (b) PRESERVE their critical parts materials, so that they last longer in everyday production; (c) PROVIDE for a sustainable future via recycling, repairing, re-engineering, refurbishment, and re-coating, etc.
RkJQdWJsaXNoZXIy NDgzMzc=