Frontken Corporation Berhad 200401012517 (651020-T) • A N N U A L R E P O R T 2 0 2 1 26 The Group continuously develop business opportunities in alignment with our Sustainable Development Goals that are most relevant for the Group by re-engineering more shared values from fewer resources and turning societal concerns and environmental challenges into our product and services innovations for our global customers. We believe in delivering to both our stakeholders and social values for the long-term growth by building excellent corporate governance that will contribute positively to the society and the environment. The Group has continuously spent considerable time and resources in shifting our business models towards becoming more sustainable and more digital. We have also been successful in identifying new opportunities, as evidenced by our investments in digitisation of advanced production system, expanding our production capacity, and the re-engineering of our water usage and conservation systems as well as our waste treatment and discharge systems, which have become the leader in terms of semiconductor parts processing support technology as well as in environmental sustainability. The Group has also continuously engaged our stakeholders on the risk management and materiality assessment of our business; including the key trends and topics that are critical to the continual success of our business, such as reducing emissions to the environment, reducing energy use and waste and improving safety and productivity, creating an inclusive social platform and good corporate governance, business continuity plan, etc. We have always and will continue to constantly review such risks as important opportunities to strengthen our risk management and create longterm value and sustainable growth for the Group. The assessment and improvement of our operational sustainability have been integrated as part of the Group’s strategic formulation. Based on the key issues we identified, we have laid out a set of strategies and some medium-term and long-term goals. In the long-term vision, we aim to benchmark our sustainability development with the GRI Framework and United Nations Sustainable Development Goals; Responsible Business Alliance Framework (“RBA”); Bursa Malaysia FTSE Russell ESG Model Framework; and by continuing to make efforts in the economic and ESG dimensions of our business and make contribution towards resolving environmental and social issues. The Board will continue to provide oversight with the support of the Sustainability Management Committee and Risk Management Committee where the Environment, Social and Governance etc are reviewed and implemented. Moving forward, one of the key priorities will be the health and safety of our employees, their families, and of the employees working for our customers and our business partners. The Group continued to improve and strengthen and focus on the six “Core Areas for Action on Sustainability’’. These six dimensions of sustainability development are: (a) Responsible management; (b) Responsible innovation and service; (c) Responsible green production; (d) Responsible workplace; (e) Responsible inclusion and diversity; (f) Responsible supply chain. The Group continuously improve and equip all our employees to ensure they are able to continuously contribute to our sustainability development vision. For example, every employee’s responsibilities are included in their personal objectives and incentives, and is linked to our business operational requirements: (a) Innovative Value Creation through product and service portfolios – designed to bring tangible benefits to our customers with competitive advantage and deliver positive social and environmental impact for sustainability development. (b) Maximising Resource Productivity through operations – designed to optimise all resources productivity in our production, operations and supply chain including critical materials used, eliminating waste, and reducing variable cost; so as to make us more competitive and sustainable. SUSTAINABILITY REPORT (CONT’D)
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