TIMBERWELL BERHAD

Registration No. 199601014835 ( 387185-W )

Sustainability Policy Statement


The governance structure described highlights the roles and responsibilities at different levels within the organisation to ensure effective oversight and management of Timberwell Berhad’s (“TWB” or “Company”) sustainability initiatives, particularly with respect to Environmental, Economic, Social, and Governance (“EESG”) matters, including climate-related issues.


Board of Directors (“Board”)

The Board holds ultimate responsibility for overseeing the Company’s sustainability efforts, with a particular focus on EESG and climate-related issues. The Board ensures that the sustainability strategy is aligned with the Company's long-term goals, regulatory requirements, and industry standards. The Board's role is more strategic and supervisory, ensuring that there is accountability and transparency in the Company's sustainability efforts.


Executive Committee (“EXCO”)

The Executive Committee, led by the Chief Executive Officer (CEO), is tasked with the day-to-day strategic management of the company’s sustainability initiatives. EXCO acts as the Sustainability Steering Committee and is responsible for translating sustainability goals into actionable plans. The committee works closely with senior management and other departments to implement initiatives that align with the Company’s sustainability objectives.


Key Board-Level Committees Supporting Sustainability Oversight

Two board-level committees are directly involved in the support of sustainability:


Division Heads

The heads of various divisions within the company are responsible for implementing the sustainability initiatives on a day-to-day basis. They execute the sustainability strategies and ensure that activities within their divisions align with the Company's overall sustainability goals. These division heads regularly report their progress and any challenges to the CEO, ensuring that the EXCO remains informed and can make adjustments to the strategy if needed.


Statement of Assurance by Internal Auditor

To strengthen the credibility of the sustainability statement and disclosures. All the sustainability statements and disclosures, including climate-related matters, are subject to an internal review by the Internal Auditor on a yearly basis and subsequent approval by the Audit Committee.

ECONOMIC/GOVERNANCEENVIRONMENTSOCIAL
• Adopt Principles of Proportionality and Transparency• Consider Climate-Related Risks and Opportunities• Provide an environment that is free of discrimination
• Enhance availability of decision useful EESG information• Embrace responsible energy and resources in daily operations• Promote Diversity, Equality and Inclusion at the workplace
• Strengthen the Governance to prevent Corruption, Misconduct, and Fraud in line with the Malaysian Anti-Corruption Commission Act 2009• Inculcate environmentally sustainable practices among employees• Promote integrity and human rights
• Adopt the Health and Safety practice at the workplace by improving the working environment and facilities for safe and conducive workplace.• Disclose environmental data, performance & targets • Attract and retain talent
• Protect buyers’ sensitive information and prevent data breaches Policy in accordance with the Malaysia’s Personal Data Protection Act 2010• Promote good environmental practices among the supply chain • Comply with the fundamental requirements of the prohibition of child labour, forced labour, slavery, involuntary prison labour, and human trafficking

TWB’s Commitments:-


TWB’s Objectives:--


These initiatives are essential to building a sustainable business that creates long-term value not only for the company but also for its employees, investors, and the broader community.


* The Sustainability Policy may be reviewed regularly by the Board of Directors to ensure its relevancy.





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