This report discloses the material sustainability matters and impacts arising from the activities of the Group during FY2021. For each sustainability matter, the Group has described the measures and performance in the process of managing the matter, guided by the Group’s business strategies and policies. The preparation of this report is also guided by the Sustainability Reporting Guide issued by Bursa Malaysia Securities Berhad (“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 was identified and strategic measurement and actions were taken to manage the subject matter. The Group focus on driving sustainable growth in pursuit of its objectives and is committed to engage the stakeholders and operate with the highest degree of integrity and transparency. With this spirit, the Group strive to meet the expectations and achieve the vision for sustainability. The Group will continue to integrate elements of sustainability into daily operations and communicate its initiatives at all levels within the organisation as the knowledge on sustainability issues and their impacts the business deepens. GOVERNANCE STRUCTURE At PRG, the sustainability leadership is led by the Board who 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 Executive Vice Chairman with the assistance of the Executive Directors of each division and the key members of senior management team are responsible for the management and oversight of sustainability matters which are aligned with the Group’s business strategy, direction and operation; the implementation of appropriate measures and actions as well as monitoring of key performance indicators, if applicable. SCOPE OF SUSTAINABILITY STATEMENT AND BASIS Unless otherwise stated, this Sustainability Report covers the overall EES performance of all the operating divisions of PRG Group, namely the Manufacturing Division, Property Development & Construction Division, Agriculture Division and Retail Division with operations in Malaysia, Vietnam, China, Singapore and Thailand. Furniweb Holdings Limited (“FHL”), a 54.19%-owned subsidiary of the Company, is the holding company of the subsidiaries operating in the Manufacturing Division. FHL is listed on the GEM of The Stock Exchange of Hong Kong Limited and is subject to the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited (the “GEM Listing Rules”). FHL had published its Environmental, Social and Governance Report in accordance to Environmental, Social and Governance Reporting Guide set out in the GEM Listing Rules. MATERIALITY ASSESSMENT Identification The Group conducts materiality review every year to identify the sustainability matters that are important and relevant to the Group and its stakeholders. The result would help the Group to address and manage the material sustainability matters. P R G H O L D I N G S B E R H A D A N N U A L R E P O R T 2 0 2 1 30 OVERVIEW The Group is pleased to present the Sustainability Report which outlines the commitment of the Group towards being a sustainable organisation and endeavours to continuously improve across the three aspects of sustainability in economic, environmental and social (“EES”) considerations, risks and opportunities. Sustainability Report
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