Sustainability Statement
Coraza Integrated Technology Berhad and our subsidiary (Collectively, “Coraza”, “Coraza Group”, “The Group”, “The Company”, and “we”), are pleased to present the Sustainability Statement (“Statement”). The reporting scope of this Statement includes the Group’s business activities in Malaysia. More information on Coraza’s subsidiary can be viewed under the Corporate Structure section of this annual report. The data presented in this Statement covers the financial period from 1st January 2022 to 31st December 2022 (“FY 2022”).
At Coraza, we believe that sustainability is a core value that drives our business practices. As a responsible corporate citizen, we recognize that Environmental, Social, and Governance (“ESG”) considerations are critical to our success and to the sustainability of our business. We understand that our operations have an impact on the environment, society, and the economy, and we are committed to minimizing this impact while creating value for all stakeholders. We believe that by managing these factors effectively, we can not only mitigate risks, but also identify new opportunities for growth and innovation. This Sustainability Statement outlines our approach to ESG and the actions we are taking to build a more sustainable future. We recognize that the journey towards sustainability is a continuous one, and we are dedicated to improving our performance and making a positive contribution to the society.
Reporting Guidelines
This Statement is guided by the relevant sustainability disclosure requirements in accordance with Guidance Note 11 of Bursa Malaysia’s ACE Market Listing Requirements (“Listing Requirements”) and has considered Bursa’s Sustainability Reporting Guide 3rd Edition.
External Assurance
We strike to improve our data collection in the Group to ensure completeness and accuracy. There is no external assurance on seeking an independent evaluation of performance data published in this Statement. The information in this Statement has been reviewed by the Risk Management Committee.
Availability and Feedback
A PDF version of this Statement is available at Coraza’s website at https://corazaintech.com/. We aim to continuously improve our sustainability disclosures and we appreciate your thoughts and feedback on our sustainability initiatives, reporting and communication. Please send your feedback
to:
Mr Lim Teik Hoe
Managing Director
teikhoe.lim@corazaintech.com
SUSTAINABILITY GOVERNANCE
We have established a robust sustainability governance structure to ensure the effective implementation of our sustainability strategy. This structure includes clearly defined roles and responsibilities, regular reporting and review mechanisms, and engagement with stakeholders. Through this structure, we promote accountability for sustainability initiatives and management processes across our organization. By ensuring that sustainability is integrated into our decision-making processes, we are better able to identify opportunities for improvement and achieve our sustainability goals.
Structure
We believe a proper and functional sustainability governance structure is essential for ensuring that a company’s sustainability efforts are effective, efficient, and aligned with its overall strategy. At our company, we ensure that our governance structure is transparent, accountable, with clear roles and responsibilities are defined at each level and for each member, to enable effective decision- making and implementation.
The Board provides strategic guidance and oversight of the company’s sustainability efforts, ensuring that they are aligned with the company’s mission, vision, and values. The Board is typically upported by the Risk Management Committee, which is responsible for establishing sustainability goals, strategies, and performance targets, as well as monitoring progress towards achieving them.
The Risk Management Working Committee is responsible for the implementation, monitoring, and delivery of ESG initiatives and performance. This committee typically comprises heads of various departments within the company and is responsible for coordinating sustainability efforts across the organization. They ensure that ESG considerations are integrated into business processes, and that sustainability goals are met through effective implementation and monitoring.