Introduction
As a conglomerate with a strong presence in Malaysia’s engineering and construction, property development and property investment and management industry, WCT Holdings Berhad (“WCT” or “the Group”) acknowledges its contribution to positive and negative impacts on the economy, environment, and society (EES) through its operations. Guided by its purpose of “Building Sustainable and Thriving Communities” and in addressing these impacts, WCT has established a sustainability framework centred on four key goals: Empowering People, Protecting the Environment, Enhancing Livelihood, and Embracing Responsible and Fair Business Practices. To support these goals, WCT pursues ambitious sustainability targets through the implementation of strategic initiatives and continuous improvements in how it operates.
This Policy outlines WCT’s overarching sustainability commitments and sets the direction for its internal processes and procedures in addressing its EES impacts. It is to be cascaded throughout WCT’s operations, including its business divisions, subsidiaries, and business partners. This Policy should be read in conjunction with WCT’s other sustainability-related policies.
WCT’s Commitments
WCT is committed to the following:
i. Continually improving its understanding of the impacts its operations have and can have on the environment, economy, and society (EES), including those that may arise within the supply chain, while enhancing its understanding of stakeholders’ needs and expectations.
ii. Identifying sustainability risks and opportunities arising from its operations and integrating these into considerations in every phase of the business, from planning to the delivery of products and services.
iii. Aligning its sustainability strategies with national and global sustainability-related commitments and frameworks, including the United Nations Sustainable Development Goals and the principles of the United Nations Global Compact (UNGC), where practicable.
iv. Establishing strong governance mechanisms across its operations, including clearly defined roles and accountabilities for the Board of Directors and Senior Management, to oversee sustainability risks and opportunities and ensure these are addressed effectively.
v. Contributing to economic equity within the Malaysian society through its investments, support for local businesses, and promotion of equal employment opportunities throughout its operations.
vi. Combatting corrupt practices in the business environment in which it operates by fostering a culture of ethics and integrity and ensuring the effectiveness of its Anti-Bribery & Anti-Corruption mechanisms.
vii. Upholding environmental best practices to minimise environmental harm and taking action to mitigate its environmental impacts.
viii. Addressing its greenhouse gas emissions and contribution to climate change, while incorporating climate change adaptation measures into its operations, products, and services.
ix. Advocating for climate action through supply chain management processes and considering the prioritisation of external providers who can demonstrate clear climate commitments.
x. Promoting a culture of safety and health across its operations, including among employees, workers engaged on its behalf, and through its products and services that interact with customers and the public.
xi. Upholding human rights principles in the treatment of its employees, individuals working on its behalf, and all others involved in the development and delivery of its products and services.
xii. Supporting its supply chain in the sustainability transition by promoting best practices and strengthening its procurement and supply chain management processes.
xiii. Advocating for sustainability in society through collaborations with various stakeholders such as non-governmental organisations, research institutions, industry peers, and communities surrounding its operations.
xiv. Setting sustainability targets and ensuring that progress is monitored and reviewed regularly to enable continuous improvement in sustainability performance towards the achievement of defined sustainability goals.
xv. Communicating its sustainability performance to stakeholders in alignment with established sustainability reporting standards.
The Board of Directors of WCT is responsible for establishing this Sustainability Policy. WCT’s sustainability performance will be monitored and reported as part of the Group’s sustainability governance framework.
This Policy shall be communicated across all WCT’s business divisions, subsidiaries, business partners, employees, contractors, and other external providers of goods and services. It will also be made accessible to other stakeholders, including investors and the surrounding communities where WCT operates, and parties potentially impacted by WCT’s sustainability performance.
This Policy will be reviewed periodically to ensure its relevance and effectiveness.
