Prestariang remains steadfast in its commitment to act ethically and contribute to economic development and growth. We believe in enhancing the quality of life for our employees and their families, as well as that of the society at large. We respect the environment and continuously seek the necessary knowledge and resources to deepen our awareness.

Sustainability has always been a cornerstone of our philosophy and towards this end, we have endeavoured tirelessly to meet all the respective goals and key performance indicators (KPI).

Prestariang is also privileged to be one of the pioneer Malaysian companies on the FTSE4Good Bursa Malaysia (Environmental, Social and Governance or ESG) Index which was inaugurated in December 2014.

We firmly believe such this benchmarking would only serve to raise the level of focus and attention towards sustainability in our business operations as well as in the development of solutions and services to our customer base.

The Company also established a tracking mechanism to indicate progress for each target either for the fiscal or calendar year.

In the wake of the Prestariang participation in the ESG Index, we developed a Sustainability Policy in 2015 underpinned by five Principles which are related to ESG. These five Principles were subsequently approved by the Board of Directors and are as follows:

The Structure

Prestariang operates with a clear structure, based on the Sustainability Policy where each function has clear roles and responsibility to perform for Sustainability and Good Governance.

The Composition

The Working Committee of Prestariang consists of the following: -

  1. The President / Group Chief Executive Officer ("GCEO") as the Chairman of the Working Committee
  2. Members from the management team of Prestariang (as the representatives from the respective departments appointed by the GCEO)
  3. Representatives from subsidiaries (as and when required)

The functions of the Working Committee include: -

  1. Review, update and recommend Sustainability Policy for the approval of the Board
  2. Plan and recommend the ESG activities/ actions for the approval of the Board.
  3. Execute the approved ESG activities/ actions
  4. Reviewing the adopted Sustainability Policy and approved activities on regular basis.
  5. Ensuring that the Board receive adequate and appropriate information for decision-making and review respectively.

The role of the Secretariat is as follows: -

  1. Assisting the Working Committee in its administrative activities.
  2. Coordinating and compiling the activity reports generated by members for the purpose of deliberation at Prestariang level.
  3. Follow-up on Board approved activities/ actions for the purpose of reporting to the Board.
  4. Monitor and report the consolidated sustainability activities/ actions to the Board.

Measurable Objectives and Reporting

This Policy is embedded into our business practices through the Working Committee. The Working Committee, led by the President / Group Chief Executive Officer is accountable for the implementation and monitoring of this Policy.

The Working Committee will discuss on the measurable objectives and its progress to date, towards achieving business sustainability for subsequent endorsement by the Board of Prestariang. The Board is at liberty to seek to improve one or more aspects of its sustainability and measure progress accordingly.


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