63 Sustainabi l i ty Sect ion 03 Annual Report 2022 SUSTA INAB I L I TY STATEMENT Ranhill's approach to sustainability is centred on the common three pillars of Planet, Profit and People (“3P”). In essence, ensuring the business model of the Group and its operations create financial and nonfinancial values that provide equitable progress and development across all three pillars. This over-arching perspective is given greater form and clarity through the identification of four objectives that serve as the value drivers for the realisation of the 3Ps. These are Environmental Awareness & Preservation, Contribution Towards Social Wellbeing, Inspirational Workplace & Culture and Enhancing Governance Across the Group. The successful pursuit of its quartet of strategic objectives requires a thorough understanding of the inherent material issues and risks that would determine the effectiveness of tactical plans and the realisation of outcomes across all four objectives. Materiality is assessed on a regular basis and such assessments involve internal and external stakeholder inputs towards ensuring a more inclusive and accurate perspective. Having gained clear visibility and clarity on its material matters, management approaches as well as tactical plans are developed and implemented to address these material topics. Performance is monitored through set KPIs and targets. The realisation of the KPIs and targets progressively creates a wide range of financial and non-financial outcomes that are consistent with the targets set across a wide range of UNSDGs. MANAGEMENT’S APPROACH TO SUSTAINABILITY OUR MATERIAL MATTERS RANHILL SUSTAINABILITY STRATEGIES VALUE WE CREATE OUR IMPACT ON THE SDGS RANHILL SUSTAINABILITY FRAMEWORK Environmental Awareness & Preservation Contribution Towards Social Wellbeing & Capacity Building Inspirational Workplace & Culture Enhancing Governance Across the Group Anti-Bribery and Anti-Corruption Community Engagement Biodiversity Corporate Governance and Regulatory Compliance Data and Cyber Security Economic Performance Ethics and Integrity Innovation Customer Experience and Satisfaction Employee Engagement Human Rights, Diversity, Equity and Inclusion Safety, Health and Wellbeing (Employee and Public) Supply Chain Management and Responsible Sourcing Climate Change and Greenhouse Gas Emissions Energy Usage and Energy Efficiency Material Management Waste (Solid) and Wastewater Management Water Security, Accessibility and Tariff Operational Excellence Talent Acquisition, Retention and Development Risk Management Technology and Digitalisation Environmental E Social S Governance G Planet Responsible Living and Preservation Profit Business Sustenance People Social Responsibility
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