SUSTAINABI L I TY AT RANHI LL Sect ion 04 17 SUSTAINAB I L I TY Report 2022 SUSTA INAB I L I TY GOVERNANCE STRUCTURE KEY ASPECTS OF THE RANHILL SUSTAINABILITY GOVERNANCE STRUCTURE BOARD REMUNERATION AND SUSTAINABILITY TARGETS Ranhill is cognisant of Bursa Malaysia’s recommendation for listed companies to link Board and Senior Management remuneration to the realisation of ESG goals and targets. The Group continues to explore mechanisms to establish such linkages to ensure a fair and equitable approach that will also enable the effective realisation of the Group’s ESG goals. At several of the Group’s subsidiaries, remuneration of Senior Management has been linked to the level of regulatory compliance achieved against the industry regulators’ KPI which include environmental and social performance considerations. These include RPI and RPII where the CEO, Head Of Plant and the Safety and Health Officer have their personal KPIs linked to Occupational Health and Safety (“OHS”) performance at the respective plants. Similarly for Ranhill SAJ, the CEO’s remuneration is linked to the achievement of the KPIs set for Suruhanjaya Perkhidmatan Air Negara (“SPAN”) which includes water quality as well as customer satisfaction, both of which are material ESG topics. PROMOTING GOOD GOVERNANCE THROUGH INTERNAL POLICIES In addition to its sustainability governance structure, Ranhill also cultivates good governance via the implementation of the following guidelines and policies. All new staff are informed of the Company’s policies as part of their induction process. Ranhill has also established other policies as follows: POLICIES AND PROCESSES FOR GOOD GOVERNANCE When policies are updated with new clauses and provisions, such updates are communicated to all relevant stakeholders including staff and Management. Ranhill also aligns itself to the recommended corporate governance practices of the regulator, Bursa Malaysia and the MCCG 2021. The Corporate Governance report also showcases how Ranhill has applied the stipulated practices of the MCCG 2022. Comprehensive Board oversight on material EES topics and well positioned to drive strategic focus on the sustainability agenda. Governance structure facilitates Group wide participation and the development of a cross functional approach to managing sustainability. Board and Senior Management receive timely reports on EES matters, thereby enabling them to feel the pulse of sustainability initiatives and programmes. Progressive inclusion of EES matters within Group risk management via the linking sustainability to mid-long term value creation. 1 3 2 4 Board Charter Ranhill Authority Manual (“RAM”) Code of Conduct & Business Ethics (“CCBE”) Whistleblowing Policy Business Continuity Management Policy and Procedures Ranhill’s Rules of Life (“ROL”) for Health and Safety Sexual Harassment Policy and Procedures Anti-Corruption Stance Succession Planning Management Policy and Procedures Third Party Dealings Policy & Procedures
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