Kimlun Corporation Berhad Annual Report 2017

Kimlun Corporation Berhad 26 GENERAL SUSTAINABILITY STATEMENT Introduction Businesses that embrace sustainability are able to thrive together with the society that they serve in the long-term. In line with this, sustainability is an essential part of the corporate culture at Kimlun Corporation Berhad (“Kimlun”) and its subsidiary companies (“the Group”) that guides every aspect of our daily activities and is the key to our continued success. Our business units embrace sustainable business practices in tandem with our pursuit of sustainable economic growth. We recognise that our operations would have an impact on economic, environment and social conditions of the communities within which we operate. We integrate our business approaches with key Economic, Environmental and Social aspects towards achieving and delivering long-term sustainable values to our stakeholders. Governance Structure Sustainability is addressed at the highest level at Kimlun. Our Board of Directors oversees the business affairs of the Group and is collectively responsible for our long-term success. The main duties of our Board include providing leadership on Kimlun’s overall strategy, which takes into consideration sustainability issues, its framework and policies. Our Board also ensures the adequacy of the Group’s framework for risk management and internal controls. The Group’s sustainability framework can be illustrated as follows: BOARD OF DIRECTORS Oversees the sustainability framework and policies EXECUTIVE COMMITTEE (Comprises of all the executive directors of the Company and its wholly-owned subsidiaries) • Identify the strategies for the management of sustainability issues • Mandate the respective business units to carry out the sustainability efforts (“SE”), and ensure best practices of sustainability are embedded across the Group (Comprises of senior management of respective business units) • Drive and review the implementation of the SE and initiatives • Recommend improvements to SE and action plans BUSINESS DIVISION SUSTAINABILITY STEERING TEAMS AUDIT COMMITTEE Oversees audit or assurance activities with respect to sustainability management and reporting