This Sustainability Statement (“Statement”),
prepared in accordance with the Main
Market Listing Requirements (“MMLR”) of
Bursa Malaysia Securities Berhad (“Bursa
Securities”), sets out what the Board
considers as material sustainability risks
and opportunities, collectively known as
Material Sustainability Matters (“MSMs”),
that impact the way the Group’s operations
are carried out as well as how such MSMs are
managed to achieve the strategic objectives
of the Group. This Statement also explains
the governance structure of the Group in
overseeing sustainability matters and how
measures are being deployed to achieve
their desired results. The contents of this
Statement encompass the entire Group’s
operations. In preparing this Statement,
the Board has considered the Sustainability
Reporting Guide and its accompanying
Toolkits, issued by Bursa Securities.
Kim Loong Resources Berhad (“Kim Loong”)
group’s principal activities, which remain
largely unchanged during the financial
year ended 31 January 2023, comprise
investment holding, cultivation of oil palm,
processing of oil palm fresh fruit bunches
and marketing of oil palm products,
processing of oil palm fibre and biogas and
power generation. These businesses are
streamlined into two (2) main segments,
namely plantation operations and palm oil
milling operations.
As a responsible corporate citizen, the
Company, via its Board of Directors (“Board”),
is mindful of the need to have, and supports a
growth strategy that incorporates sustainable
development and management.
Our sustainability management are guided by
the four key principles. The Group, in all its
undertaking seeks a balance between all four
pillars to create constructive and long-term
shared values for our stakeholders, whilst
managing risks in a holistic manner.
ENVIRONMENT
- To practise responsible stewardship on the environment given that our business is closely related to nature.
- To adhere to the principles of sustainable development for the benefit of current and future generations.
COMMUNITY
- To build mutually beneficial relationship with the communities where we operate and with society at large through active engagements.
- To enrich the communities where we operate.
WORKPLACE
As our people is our most important asset, we strive
- To create a conducive and balanced working environment encircling good practices, safety and well-being of employees.
- To attract and retain talent and nurture our employees to enable them to realise their full potential.
- To remunerate employees commensurating to their academic and work achievements.
- To provide continuous development through training and further academic learning.
MARKETPLACE
- To conduct our business with honesty, integrity and a commitment to excellence.
- To personify exemplary corporate governance and transparent business conduct.
SUSTAINABILITY
STATEMENT
