SUSTAINABILITY POLICY

UOA Group had since inception, conducted its business and operations in a sustainable way. With the creation of 17 Sustainable Development Goals by United Nations ("UNSDG") in 2015, UOA Group adopts and commits itself to these goals and set out this policy to align all its various divisions across borders in the Group to the UNSDG

UOA Group strongly encourages existing associate companies to adopt and similarly commit to the UNSDG. Business principles of future associates, which are consistent with those of UOA Group are pre-requisites for our future investments.

This policy sets out the fundamental underlying principles to all decisions, strategies and directions of UOA Group in growing its business and creating value to its stakeholders.


CORE PRINCIPLES

The core principles of this policy are as follows:-
  • Economic Sustainability - to ensure sustainable growth in business and sustainable returns to shareholders
  • Environmental Sustainability - to protect our environment
  • Social Sustainability - to create value for our workforce and community
  • Governance Sustainability - to be responsible, ethical and transparent



SCOPE

This policy applies to all subsidiaries of UOA Group. For specific businesses, supplemental policies may be developed for adoption so long as the guiding principles and consideration do not vary from this main policy.

This policy applies to all employees and directors of UOA Group.

If this policy is in conflict with any rules and regulations of the country where the subsidiaries operate from, then these subsidiaries shall comply with the rules and regulations of the specific country.

UOA Group formulates strategies for its business based on these underlying conditions :-
  • Ethical and transparent business conduct
  • Protect the environment
  • Respect and equality to employees and stakeholders
  • Positive impact to community



SUSTAINABILITY GOVERNANCE

The Board of Directors is responsible for strategies and performance of UOA Group.

The Board is supported by a Sustainability Committee that reviews and recommends strategies and measurement of results.

Sustainability Working groups are established at business unit level to handle initiative implementation, monitoring, data collection and performance delivery.


Economic Sustainability

UOA Group takes its responsibility seriously to deliver sustainable dividend to its shareholders. Our approach is :
  • To ensure cost and operational efficiency by implementing sustainable innovations and green technologies
  • To conduct market research and to engage with our stakeholders to understand and obtain feedback for improvement
  • To provide excellent all-round service to our customers, building good and sustainable relationships
  • To reinforce the recognition and confidence in our commitment, expertise and ability in delivering and maintaining top quality properties


Environmental Sustainability

UOA Group acknowledges the negative impact of climate change and commits to protect the environment. Our approach is :
  • To incorporate sustainable features, green space and biodiversity into all our development project and to secure green certification
  • To upgrade existing portfolio of buildings to low carbon sustainable status
  • To use materials that are environmentally friendly
  • To advocate a transparent and responsible supply chain
  • To implement responsible waste management


Social Sustainability

UOA Group is mindful that human capital is fundamental to the success of the group. Our approach is :
  • To cultivate a culture of ethical, progressive, diverse, empowered and inclusive workforce
  • To create a motivating, enjoyable and rewarding work environment with equal opportunity for our workforce
  • To maintain a conducive and safe working environment for our workforce
  • To practice effective internal and external communication and relationship building;
  • To engage with the community that we operate within, to minimize negative impact to the community and to co-exist harmoniously
  • To encourage community we are in and around us to embark on their sustainability journey


Governance Sustainability

UOA recognizes the importance of adopting the principles and best practice of the Malaysian Code of Corporate Governance 2021, not merely its form but also the substance behind it. Our approach is :
  • To act ethically, efficiently, responsibly and reasonably at all times, maintaining the highest levels of integrity and transparency in all our dealings and compliance to our legal and regulatory obligations
  • To develop and maintain a transparent and effective organization with defined roles, responsibilities and procedures