Embrace Sustainability | YGL World : Industry 4.0 Manufacturing Solutions

sustainability

SUSTAINABILITY STATEMENT

This Sustainability Statement describes the Group’s commitment towards improving its sustainability practices while taking into consideration the concerns of the stakeholders. The Group, by having a sustainability focus, aims to manage its economic, environmental and social risks to play a responsible role in the local economy, preserve natural resources and contribute to social wellbeing.

Governance structure

The Audit and Risk Management Committee (“ARMC”) oversees the overall sustainability initiatives of the Group and reports to the Board of Directors (“Board”). The responsibilities of managing day to day operations based on good social and ethical practices are delegated to the key management. Selective initiatives with local impact are chosen yearly which reflects the Group’s values.

Core values

Our approach to sustainability is built on the Group’s core values of commitment to our responsibilities, integrity in honouring our duties and contributing to mankind and society. It is the aim of the Group to instil these values in our employees through our work and purposeful corporate social responsibility (“CSR”) activities.

ENGAGING STAKEHOLDERS

Stakeholders	Concerns	Engagement approach
Customers	Product deliverables Service and support quality	Customers’ feedback Support website Uphold confidentiality
Employees	Employee compensation, benefits and welfare Employee health and safety Self and career development Employee performance, standard of procedures, code of conduct	Review of remuneration package Open internal communication channel Performance assessment and training Sporting activities
Investors	Business strategy and governance Group financial performance Use of company resources	Annual General Meeting (“AGM”) Quarterly reporting of financial results Annual reports
Suppliers	Pricing and quality of services Information security	Vetting of suppliers Restricted access
Statutory and Regulatory bodies	Non-compliance with regulatory requirements	Relevant laws and regulations Guidelines and standards Warning letters or feedback from respective regulatory bodies
Communities	Community service activities Aids and support	Social contribution Employee engagement in charitable activities

Our Approach on Sustainability

Sustainability has always been an important factor which we incorporate into our business at Ygl. While aiming for top financial performance and growth, we believe that it should be done in line with the highest standards of corporate and social responsibility (“CSR”).

Corporate Social Responsibility

At Ygl, we are learning as a team towards our value of contributing to the community and empowering people through embracing education including information technology. We are committed to integrate corporate responsibility programmes into our business by encouraging our staff to participate in our CSR activities to get in touch with their own values as well as reach out to others.

We based our CSR programmes on the cornerstone of

Workplace,
Marketplace, and
Community Development

but we still need guidance in Environment preservation.

WORKPLACE

MARKETPLACE

COMMUNITY DEVELOPMENT

ENVIRONMENT

GOVERNANCE AND ETHICS

Our aim is to drive awareness on our zero tolerance on corruption, in any form. Organisational effectiveness is central to long-term business competitiveness. Our Shared Values of Loyalty, Integrity, Professionalism and Cohesiveness is the cornerstone to how we do business.

These, alongside the Code of Conduct and Business Ethics (CoBE), the Ygl Corporate Sustainability Framework as well as relevant commitments, are central in delivering optimum shareholder value.