FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) ANNUAL REPORT 2024 11 Social – We believe that the social aspect of ESG begins within our own organisation. Our employees are at the heart of our operations and we are committed to treating them with fairness, respect, and dignity. Over the years, we have upheld a strong track record in both health and safety and enforced a zero-tolerance policy against all forms of forced labour; resulting in a workplace that values equal opportunities. We actively encourage continuous learning and development while implementing key policies such as diversity and inclusion, among others. To safeguard our workforce, we conduct risk assessments, implement protective measures and establish mitigation plans to manage potential hazards. We firmly believe that fostering a positive work environment and high employee morale will translate into enhanced productivity. In 2024, we achieved an employee retention rate of 98.2%, surpassing our internal target by 3%. Through our Corporate Social Responsibility initiatives, we continued to make a positive impact on the communities we serve. We extended support to those in need, both financially and emotionally by offering meaningful opportunities that empower individuals. Our initiatives include providing internships to students from local/various universities and offering employment opportunities to individuals with health conditions and physical challenges. We believe that by addressing specific needs, we can help rebuild confidence and promote self-sufficiency, ultimately contributing to a more inclusive society. Governance – The Board remains steadfast in upholding the principles outlined in the Malaysian Code on Corporate Governance, ensuring that ethical business practices and transparency remain at the core of our operations. We are committed to fostering strong and effective relationships with stakeholders while safeguarding the rights and interests of our shareholders. In line with this commitment, we have established a robust governance framework that includes various policies and best practices aligned with our corporate values and long-term sustainability objectives. Beyond our internal governance measures, we extended our commitment to ethical business practices by engaging proactively with suppliers, customers, and key stakeholders to uphold ESG principles. Our adherence to responsible selling practices and fair procurement policies ensures transparency, competitiveness and ethical decision-making throughout our supply chain. Separately, we also actively engaged with our institutional shareholders through regular dialogues and participation in investor briefings to ensure open communication and transparency. Additionally, we have established a dedicated shareholder platform on our corporate website, enabling investors to seek clarifications and stay informed about our governance and business developments. For further insights into our governance framework, the Corporate Governance Overview Statement is available on page 33 of this Annual Report. Additional governancerelated policies and reports can also be accessed on our website at www.frontken.com. Commitment to Sustainability Goal – In driving our sustainability agenda, we benchmark our progress against internationally recognised frameworks, including the Global Reporting Initiative (GRI) Framework, the United Nations Sustainable Development Goals (UN SDGs), the Responsible Business Alliance (RBA) Framework and the Bursa Malaysia FTSE Russell ESG Model Framework. For example, our commitment to responsible business practices is reflected in our alignment with 12 out of the 17 UN SDGs, with a continued focus on expanding our contributions towards achieving the global objectives. We hope to further align with these frameworks and make meaningful progress toward a more sustainable and responsible future. Further details on the Group’s Sustainability initiatives and achievements for FY2024 are available at the Sustainability section of this Annual Report and the full report on our website at www.frontken.com. CHAIRMAN’S MESSAGE (CONT’D)
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