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Kumpulan Fima Berhad (11817-V) •
Annual Report 2018
Stakeholders Areas of focus
Our approach
Memberships &
associations
• Advancing industry-specific
matters with policymakers
and other key stakeholders
Our memberships provide a forum for us to promote and defend
our interests in the broader industry context, to learn from and to
benefit from their contribution.
Further, our participation and membership in various associations
ensure that we stay in touch with current and anticipated
developments.
Suppliers
• Quality control
• Business ethics
• Training & support
• Supply chain transparency
• Sustainability requirements
We require our suppliers to live up to sound social and
environmental standards. We also know that our suppliers expect
us to conduct our business fairly and honestly; hence establishing
trust and long-term relationships.
Collaborating with suppliers to secure long-term availability of
materials and to pursue future opportunities.
National
and local
governments
• Licence to operate
• Compliance & regulations
• Land issues
• Level ‘playing fields’ for all
sectors
• Local economic development
programmes
• Corporate Responsibility
initiatives
• Industry-specific matters
We are often a major economic contributor to the local and
national jurisdictions in which we operate. Our tax and other
contributions enable governments to develop and maintain public
works, services and institutions.
We proactively engage the government and regulators on policy
matters at local, provincial and federal levels and provide support
of national agendas.
Business Integrity and Internal Control
We require all businesses to implement appropriate levels of risk management to ensure compliance with all relevant legislation, our
Group health, safety and environment policies, our overriding business principles and Group policies relating to them, taking into
account business needs and local circumstances.
Each business has developed and documented policies and procedures to comply with the minimum control standards established
over specified processes, including procedures to mitigate risks, monitoring compliance and taking corrective action. Further details
of our risk management can be found in the Statement on Risk Management and Internal Control section of this Annual Report.
The Group also has a zero-tolerance approach to unethical practices, and every employee is accountable for ensuring that our
values are always upheld in all we do. A significant number of written agreements entered into by our businesses with their
respective vendors and customers include specific anti-bribery and corruption clauses.
The United Nations’ Sustainable Development Goals
The United Nations Sustainable Development Goals (SDGs) comprise 17 goals and 169 associated targets that address the world’s
most pressing economic, social and environmental challenges. The SDGs are the result of years of multi-stakeholder engagement
among governments, NGOs and business.
The private sector plays an important role in achieving the SDGs. We have identified 8 goals that correspond most and are relevant
to our businesses. We contribute towards the achievement of the SDGs through our direct business activities; among them, the
products we produce and the way we produce them; the use by host governments of the taxes we pay, the direct and indirect
employment opportunities we create, our supply chain and our voluntary social investments.
SUSTAINABILITY REPORT 2018