To address deficiencies in reporting, PHA performed a gap assessment on the Company’s existing reporting practices against the prescribed requirements by Bursa Malaysia. With the gap assessment, PHA has also provided improvement recommendations for the Company to adopt, via showing industry examples. Along the way, the Company adopts best practices, such as forming a Sustainability Working Group (“SWG”) to effectively address several operational level voids such as data gathering for its sustainability indicators, to policy writing and adoption by the Company.
PHA brings the Company through the journey of target setting for its short, medium and long term. To achieve that, we drew up a master plan i.e. the Sustainability Roadmap, that includes disclosure aspirations and sustainability initiatives of the Company, on a collaborative manner with the key personnel of the SWG. Collaboration with the Company is achieved via PHA’s involvement with the Company’s SWG meetings, key personnel interviews, providing key insights to industry practices, as well as to guide the SWG along the way on the feasibility of their plan.
Based on the listing requirements as issued by Bursa Malaysia, PHA was approached by the client to draft the Sustainability Statement for the Company’s Annual Report. The drafted Sustainability Statement format is written in accordance with the listing requirements and the Bursa Malaysia Sustainability Reporting Guide (3rd Edition).
PHA has conducted half day trainings for the client’s Board of Directors as well as the Management Teams i.e. Assistant Managers and above staff members of the client. The objective of this training is to align the Board and Senior Management of the Company on their ESG knowledge as well as their obligations for sustainability reporting.