SUSTAINABILITY STATEMENT
Anchored by a clear sense of purpose and long-term value creation, Maxland Berhad (“ML”) and its subsidiaries
(collectively, the “Group”) remain steadfast in embedding sustainability at the core of our business strategy. This
Sustainability Statement (the “Statement”) reflects our structured and ongoing efforts to integrate responsible
practices across the entirety of our value chain; from sustainable forest management and responsible sourcing to timber
manufacturing excellence and strengthened governance oversight.
Guided by defined priorities and measurable objectives, we are committed to delivering meaningful environmental,
social and economic outcomes, ensuring that our growth trajectory remains resilient, responsible and aligned with the
expectations of our stakeholders.
ABOUT THIS STATEMENT
Reporting Guidelines and Principles
This Statement has been prepared in
accordance with Bursa Malaysia Securities
Berhad’s Listing Requirements, with reference
to the Bursa Malaysia Sustainability Reporting
Guide (3rd Edition). It is also aligned, where
applicable, with the Global Reporting Initiative
(GRI) Standards and the United Nations
Sustainable Development Goals (UNSDGs).
The data presented in this Statement reflects
our best efforts to capture the performance
of our operations during the reporting period
as accurately as possible. This Statement
represents our current understanding of
sustainability initiatives and performance across
the Group. Moving forward, we are committed
to enhancing our reporting practices in line
with evolving standards and stakeholder
expectations.
Reporting Scope and Basis
This Sustainability Statement outlines the sustainability-related initiatives,
practices and performance of the Group for the financial period ended
30 November 2025 (FPE 2025), covering the reporting period from 1
July 2024 to 30 November 2025 (17 months), unless otherwise stated.
The scope of this Statement encompasses all subsidiaries and operational
activities within Malaysia, across both upstream and downstream
segments of the Group’s value chain. The reporting boundary covers
the following principal business segments:
Unless otherwise specified, the information disclosed reflects operational
control and is prepared based on internal management data and
established reporting processes. Where relevant, performance data is
presented on a consistent basis to facilitate year-on-year comparability.
Statement of Assurance
This Sustainability Statement has not been subjected to internal audit
review or external independent assurance. The information disclosed in
this Statement has been prepared on a best-effort basis using data and
information available during the reporting period. While no independent
verification has been conducted, the Group remains committed to
progressively strengthening the robustness, reliability and completeness
of its sustainability data collection and reporting processes. Moving
forward, ML aims to continuously enhance the transparency and quality
of its sustainability disclosures as part of our broader commitment to
responsible corporate governance and accountability.
We Value your Feedbacks
ML welcomes and encourages feedback from our stakeholders on
this Sustainability Statement. Your views and insights are important to
us as we continue to refine our sustainability approach and reporting
practices. Stakeholders who wish to provide feedback or seek
further information may contact the Group’s management team at:
corporate@maxlandbhd.com
ROOTED IN RESPONSIBILITY,
GROWING SUSTAINABLY
With more than 25 years of industry experience, ML has established itself as a pioneer in sustainable timber management in
Malaysia. Our operations are guided by a long-standing commitment to responsible forestry practices, balancing economic
value creation with the preservation of natural ecosystems. ML manages approximately 28,051 hectares of forestland under
the Sustainable Forest Management (SFM) regime, where timber harvesting activities are conducted using Reduced Impact
Logging (RIL) techniques. These practices are designed to minimise ecological disturbance, protect biodiversity, and maintain
the long-term productivity of forest resources
Complementing our upstream forestry operations, ML’s downstream manufacturing facilities are equipped with advanced,
state-of-the-art machinery capable of producing high-quality plywood and timber products that meet stringent international
standards. Our products comply with globally recognised certifications and regulatory requirements, including the Japanese
Agricultural Standards (JAS), California Air Resources Board Phase 2 (CARB P2), and the United States Environmental
Protection Agency (EPA) standards. In addition, our operations are aligned with the Sabah Timber Legality Assurance System
(TLAS) Type 6 product certification, recognised under the Programme for the Endorsement of Forest Certification (PEFC)
framework.
At ML, sustainability extends beyond environmental stewardship. It is driven by the collective efforts of our people,
including employees, contractors, shareholders, business partners, and the communities in which we operate. Together,
we are committed to creating positive outcomes for the climate, nature, and society. We actively contribute to local socio
economic development by providing employment opportunities, supporting infrastructure improvements, and facilitating
training programmes that enhance livelihoods within surrounding communities. Within our manufacturing processes, we also
prioritise responsible resource utilisation through waste management and recycling initiatives, including repurposing wood
waste as biomass fuel for boilers to generate steam and heat for veneer drying. As ML continues to expand its operations
through diversification and new business ventures, sustainability remains central to our strategic direction, guiding how we
operate, innovate, and create long-term value for stakeholders.
Our Purpose and Values
Our purpose at ML has always been to enhance lives through sustainable resource development. This purpose guides
how we manage natural resources, conduct our operations, and engage with our stakeholders. It is embedded within our
organisational culture and reinforced through a set of core values that shape our decisions and actions. We are committed
to managing forest resources responsibly, safeguarding biodiversity, and contributing positively to the environment and
society. By upholding strong governance and responsible business conduct, ML strives to create sustainable value for our
stakeholders while ensuring the longevity of the ecosystems in which we operate.
Our Core Values
Sustainability
We are committed to environmentally responsible practices that preserve natural resources and support long-term ecological balance.
Innovation
We continuously seek innovative approaches and technologies that enhance operational efficiency and support sustainable development.
Integrity
We uphold the highest standards of ethics, accountability, and professionalism in all aspects of our business.
Community
We foster meaningful relationships with the communities in which we operate and contribute to their social and economic well-being.
DRIVING SUSTAINABLE VALUE
At ML, sustainability is an integral component of our business strategy and long-term value creation. We are committed to
conducting our operations responsibly while contributing to environmental stewardship, economic resilience, and social well
being. As global attention intensifies around challenges such as climate change, biodiversity conservation, and responsible
resource management, businesses are expected to play a more active role in addressing these issues. For companies operating
within the timber and forestry sector, this responsibility is particularly significant given the industry’s close relationship with
natural ecosystems.
ML recognises that sustainable forest management and responsible manufacturing practices are essential not only for
environmental preservation but also for maintaining the long-term viability of our business. Accordingly, sustainability
considerations are embedded across our operations, from responsible forest harvesting practices to ethical business conduct
and stakeholder engagement. Through continued investments in sustainable practices, operational efficiency, and community
development, ML aims to create lasting value while contributing positively to the environment and the communities in which
we operate.
Translating Sustainability into Action
The Board of Directors recognises the importance of strong corporate governance in guiding the Group’s sustainability
journey. Effective governance practices ensure accountability, transparency, and responsible decision-making while
safeguarding shareholders’ interests and the Group’s long-term financial performance. At ML, sustainability is embedded
across all organisational levels and is regarded as a shared responsibility throughout the Group.
Reporting Guidelines and Principles
Our governance and operational structures support the integration of environmental, economic, social, and governance
(EESG) considerations into strategic planning, risk management, and daily operations. Through a structured framework, ML
systematically identifies, evaluates, and manages material sustainability matters, enabling the Group to monitor performance,
assess emerging risks and opportunities, and implement initiatives that support responsible and sustainable growth.
Sustainability Governance
ML has established a governance structure that integrates sustainability considerations into the Group’s strategic direction
and operational decision-making processes. This structure provides clear oversight, accountability, and coordination across
all levels of the organisation to ensure that sustainability objectives are effectively implemented and monitored.
Sustainability Governance Structure
The Board of Directors holds ultimate responsibility for overseeing the Group’s sustainability agenda, ensuring that
sustainability considerations are integrated into ML’s long-term strategy and business operations. Supporting the Board is
the Group Sustainability Committee (“GSC”), chaired by Executive Director Mr Yin Kong Fung. The GSC plays a key role
in overseeing sustainability-related initiatives, providing guidance on ESG matters, and ensuring that sustainability remains
aligned with the Group’s strategic priorities.
Group Sustainability Committee (GSC)
The GSC is responsible for driving the development
and implementation of ML’s sustainability strategy. The
committee comprises members of senior management
representing various operational divisions across the
Group, including the plymill, sawmill, harvesting,
forest replanting, nursery, marine services, road maintenance, and
dredging services units. This cross-functional representation enables
the committee to effectively evaluate sustainability priorities
and ensure that initiatives are aligned with operational
realities across the Group. The GSC reviews and endorses
sustainability objectives, monitors progress against targets,
and identifies emerging sustainability-related risks and
opportunities. Through this structure, the committee
ensures that ML’s sustainability commitments remain both
strategic and actionable across the organisation.
Operational Sustainability Teams (“OST”)
OST comprise personnel from various operating units
and are responsible for implementing sustainability
initiatives within their respective functions. These teams
play a critical role in translating the Group’s sustainability
objectives into operational practices by monitoring
performance, tracking progress, and reporting outcomes
at the operational level. This decentralised approach
enables ML to embed sustainability considerations directly
into day-to-day activities and decision-making processes
across the organisation. By empowering operational teams
to drive sustainability initiatives, ML fosters a culture of
shared responsibility and continuous improvement in
environmental and social performance.
IDENTIFYING OUR MATERIAL
SUSTAINABILITY MATTERS
ML adopts a structured materiality assessment process to identify and prioritise the environmental, economic, social, and
governance (“EESG”) matters that are most significant to our business and stakeholders. Material topics are defined as
issues that have the greatest potential impact on ML’s operations, long-term value creation, and the economy, environment,
and communities within our value chain. By identifying and prioritising these matters, we are better positioned to manage
sustainability-related risks and opportunities while aligning our business strategy with stakeholder expectations. Our
materiality assessment process takes into account the evolving business landscape, regulatory developments, industry
trends, and feedback from both internal and external stakeholders. The process is conducted through a structured three
step approach:
- Stakeholder Engagement and Consultation
Why It Matters:
Engaging with stakeholders allows ML to better understand the perspectives, concerns, and expectations of those who influence or are affected by our operations. This engagement ensures that the sustainability matters we prioritise are relevant, meaningful, and aligned with stakeholder interests. Our key stakeholders include employees, customers, investors, suppliers, regulatory authorities, and local communities.
Engaging with stakeholders allows ML to better understand the perspectives, concerns, and expectations of those who influence or are affected by our operations. This engagement ensures that the sustainability matters we prioritise are relevant, meaningful, and aligned with stakeholder interests. Our key stakeholders include employees, customers, investors, suppliers, regulatory authorities, and local communities.
Our Approach:
ML conducts stakeholder engagement through various channels including structured interviews, surveys, focus group discussions, and community consultations. For example, engagement sessions with forestry authorities and local community representatives provide valuable insights into environmental and socio-economic concerns related to our forestry operations.
ML conducts stakeholder engagement through various channels including structured interviews, surveys, focus group discussions, and community consultations. For example, engagement sessions with forestry authorities and local community representatives provide valuable insights into environmental and socio-economic concerns related to our forestry operations.