PRG Holdings Berhad Annual Report 2017

• Annual Report 2017 37 Sustainability Report OVERVIEW The Group is pleased to present the inaugural Sustainability Report which underlines the commitment towards being a sustainable organisation and the endeavours to continuously improve across three aspects of sustainability i.e. Economic, Environmental and Social (“EES”) considerations, risks and opportunities. This Sustainability Report discloses the material sustainability matters and impacts arising from the activities of the Group during the financial year ended 31 December 2017. For each sustainability matter, the Group has described the measures and performance in the process of managing the sustainability matter, guided by the Group’s business strategies and policies. This report is prepared in accordance with Sustainability Reporting Guide issued by Bursa Securities. The Group recognises that the business decisions may have potential impact to the surrounding communities and environment that the Group operates within. Therefore, the material sustainability matters disclosed in this report were identified and strategic measurement and actions were taken to manage the subject matter. Moving forward, the Group will focus on driving sustainable growth over the coming years. The Group is committed to engage the stakeholders and operate with the highest degree of integrity and transparency. With this spirit, the Group strives to meet the expectations and achieve the vision for sustainability. The Group will continue to integrate elements of sustainability into its daily operations as the knowledge on sustainability issues and their impacts the business deepens. GOVERNANCE STRUCTURE At PRG, the sustainability leadership is led by the Board. The Board is responsible to oversee the integration of sustainability initiatives across the Group and its business strategy, and that adequate resources, systems and processes are in place for managing the sustainability matters. In order to assist the Board in driving and reporting the Group’s sustainability practices, the Group Managing Director with the assistance of the Managing Directors and Executive Directors of each division and the members of the senior management team are responsible for the management of sustainability matters which are aligned with the Group’s business strategy, direction and operation; implementing appropriate measures and actions as well as monitoring key performance indicators, if applicable. SCOPE OF SUSTAINABILITY STATEMENT AND BASIS FOR THE SCOPE Unless otherwise stated, this Sustainability Report covers the overall EES performance of all the divisions of PRG’s Group, namely Manufacturing Division, Property Development & Construction Division and other divisions operated in Malaysia and Vietnam. The Group’s Manufacturing Division which is listed on the GEM of the HKEX via Furniweb Holdings Limited, had published its Environmental, Social and Governance Report in accordance to Environmental, Social and Governance Reporting Guide set out in Appendix 20 of the GEM Listing Rules.