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Our ESG Vision & Mission
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Vision
We aspire to be one of the ESG champions in Malaysia, aligning ourselves with our corporate vision as well as global sustainability standards.
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Mission
To become a future-ready property group that prioritises the importance of people, planet, and partnerships.
For decades, Tropicana townships or developments have been guided by its 8 unique DNAs.
Tropicana’s ESG DNA is similarly ingrained in the Group’s projects and operations. Centred around the 3 pillars of people, planet, and partnership, the Group believes that nurturing vibrant communities, protecting the environment, and building sustainable partnerships with our stakeholders are vital to futureproofing our business and corporate reputation. Building sustainable partnerships with our stakeholders are vital to futureproofing our business and corporate reputation.
PEOPLE |
PLANET |
PARTNERSHIP |
|---|---|---|
| Supporting Our People and the Community | Creating Positive Impact to the Planet | Bridging Everyone towards Common Goal |
| We believe in creating opportunities and developing talents to achieve long-term value for the business while putting equality at the forefront. Our developments are underpinned by social responsibilities to build a harmonious community and enhance living quality. | We recognise the finite nature of our planet’s resources as part of our building philosophy that prioritises environmentally responsible architecture and creates impactful efforts to conserve or enhance the natural environment within our developments. | We aim to uphold current partnerships that serve our business purposes to redefine the art of living while striving to create new collaborative opportunities that align with our principles and sustainability goals. |
Our Sustainability Milestones
Sustainability Report
Prepared in line with Bursa Malaysia Main Market Listing Requirements, with reference to the BURSA Sustainability Reporting Guide (3rd Edition), GRI Standards 2021, and the TCFD Framework.
Explore our ESG performance and progress in our latest Sustainability Report.
Our Commitment
As a leading property group, community builder, and responsible corporate citizen, Tropicana Corporation
Berhad is committed to advancing sustainability across its diverse business interests. In response to
the growing importance of Environmental, Social, and Governance (“ESG”) issues, Tropicana has developed
a comprehensive Group Sustainability Policy to reinforce its dedication to sustainable practices.
By integrating our ESG vision and mission into Tropicana’s business conduct and operations, we aim to
guide and accelerate the organization towards holistic sustainable development and ESG compliance,
ultimately achieving long-term value creation for stakeholders.
In line with our commitment to sustainability and ethical business practices,
Tropicana Corporation has established the following policies:
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Sustainability Policy
Tropicana aims to improve its sustainability practices across its diverse business interests, aligning our ESG vision and mission with our business conduct and operations to achieve holistic sustainable development and long-term value creation for stakeholders. For more information, click here. -
Human Rights Policy
Tropicana Corporation is committed to upholding human rights, diversity, and equality in our operations. This policy ensures fair treatment, respect, and dignity for all employees and partners, in alignment with international standards and local laws. For more information, click here. -
Malaysian Code on Corporate Governance 2021
National Code that outlines best practices and recommendations for organizations to implement as part of their corporate governance framework. -
Personal Data Protection
Discloses how information is collected and retained by the Group in accordance with the Personal Data Protection Act 2010 ("PDPA"). -
Policies & Procedures for Gifts and Hospitality
This policy is to set out responsibilities and the responsibilities of those working for Tropicana in observing and upholding the Group's stance against bribery and corruption when giving and receiving gifts and hospitality; and to provide information and guidance to those working for the Group on how to recognise bribery and corruption issues when giving and receiving gifts and hospitality and the procedures for dealing with such issues.
For more information, click here. -
Whistleblowing Policy
Tropicana Group is committed to the highest standard of integrity, openness and accountability in the conduct of its businesses and operations. The Group aspires to conduct its affairs in an ethical, responsible and transparent manner. Recognising the abovementioned values, we have developed this Whistleblowing Policy to provide a structured reporting channel and guidance to all employees and third parties to whistle blow on genuine concerns without fear of retaliation, victimisation and/or subsequent discrimination. This policy is to be read in conjunction with Tropicana's Code of Conduct, and the Group's Anti-Bribery and Anti-Corruption Policy.
For more information, click here. -
Anti-Bribery and Anti-Corruption Policy
Tropicana Corporation and its subsidiaries is committed to conducting business ethically in compliance with all applicable anti-bribery and anti-corruption laws of the country in which the Group operates. The Group does not condone any form of bribery and corruption. This Anti-Bribery and Anti-Corruption Policy serves to provide guidance on how to prevent, deal with and combat bribery and corrupt activities and issues that may arise in the course of business.
For more information, click here. -
Code of Conduct
The policy outlines the fundamental principles and values that guide behaviour within the organization. These principles may include respect, integrity, honesty, fairness, diversity, inclusion, confidentiality, and compliance with applicable laws and regulations.
For more information, click here. -
Diversity & Inclusion Policy
Outlines the Group's commitment to ensuring fair practices throughout the organization. -
Staff Development & Training
It is the Company's policy to provide employees with the relevant training to acquire the necessary knowledge, attitude, skills and right habit to complement the employee's self-development and career growth hence employees are able to perform the required job function in the company,in line with the company's business goals. -
Sexual Harassment at Workplace
Tropicana will not encourage nor tolerate any form of speech and conduct which may fall under the term which constitutes "Sexual Harassment" whether subtle or explicit. It is the Group's policy to preserve a professional working atmosphere of trust and respect, and its employees should have the right to work in an environment free of sexual harassment no matter what their gender. -
Discrimination
Tropicana Corporation portrays professionalism, equality, and respect for its employees from various backgrounds. It is to be warned that severe disciplinary action would be taken against any form of discrimination at the workplace regardless of whether direct or indirect, may it be discrimination based on gender, age, political opinion, disability, sexual, verbal and/or physical, and multiple discrimination and workplace bullying. -
Grievance Handling Procedure
Provides detailed instructions on reporting grievances at the workplace.
Our Framework & Approach
Sustainability Framework
Sustainability Governance
The Board of Directors ("The Board") plays avital role in overseeing and maintaining sustainability compliance guided by the Securities Commission and Bursa Malaysia. This oversight is supported by the Risk Management & Sustainability Committee, ensuring compliance with sustainability practices and internal controls.
ESG Vision
We aspire to be one of the ESG champions in Malaysia, aligning ourselves with our corporate vision as well as global sustainability standards.
Mission
To become a future-ready property group that prioritises the importance of people, planet, and partnerships.
UN SDG Alignment
UN SDG Alignment
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To ensure healthy lives and promote well-being for all
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To foster a workplace environment where everyone is treated with respect regardless of gender identity
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To ensure availability and sustainable water management and sanitation management for all
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To incorporate renewable energy (solar) options into our development where possible towards adopting cleaner energy
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To provide a safe and conducive environment for our employees through fair practices and business development
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To inculcate innovative measures that serve to enhance our deliverables and service quality
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To promote equal opportunities for our employees and general society
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To adopt sustainable measures throughout our developments and facilities community-building initiative
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To actively work towards sustainable construction practices and development buildings that provide sustainable living solutions
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To mitigate climate change impacts by reducing carbon footprints through energy-efficient design and operation
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To sustainably manage forests, combat desertification, halt and reverse land degradation, and halt biodiversity loss
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To conduct business ethically in compliance with all applicable laws, while empowering our workforce through fair practices and rejecting any form of discrimination
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To build sustainable partnership and new collaborative opportunities that align with our principles and goals
Tropicana ESG Purpose & Priorities
Support investors in making ESG investments in Malaysian listed companies & increase TCB ESG rating in Bursa Malaysia
Increase Tropicana brand value and position by creating a positive impact in areas where we operate through ESG best practices as well as gain award/recognition
Encourage good corporate governance across the board – BOD, management, employees, supply chain
Tropicana to invest in ESG learning & development programme to ensure employees recognise the value of sustainability
Support UN’s global vision towards Net Zero 2050, creating a livable world & sustainable economy
Invest in community engagement towards positive societal impact through Tropicana Foundation
The materiality matrix below illustrates our material topics aligned along the horizontal axis to indicate their importance of the economic, environmental, social, and governance impacts on the business. The topics are positioned along the vertical axis to reflect their influence on stakeholder assessment decisions regarding our business engagements.
FY2024 Materiality Matrix
Stakeholder Engagement
The Group strives to maintain a clear and open channel of communication with our stakeholders to optimise the value creation of our business. We acknowledge the significant role of stakeholders in our busines, we engage with them to understand and address the specific interests and concerns of each group. This approach helps foster long-term value for all parties involved.
Explore our stakeholder engagement initiatives in detail here.
Our Sustainability Governance
Sustainability Governance Structure
We have established a sustainability governance structure to maange our economic, environmental and social risks and opportunities, integrating EES matters into our business strategy, governance, and decision-making.
Our sustainability governance structure serves as a driver to steer the Group towards our ESG aspirations. The Board of Directors("The Board") is supported by our Risk Management & Sustainability Committee, Sustainability Management Team and Sustainability Steering Committee.
The following diagram illustrates Tropicana's sustainability governance structure which defines roles and responsibilities at every level for effective decision-making and implementation.
Risk Management & Sustainability
Effective risk management practices are a crucial aspect of our sustainability governance. Our Enterprise Risk Management ("ERM") framework, integrated into our business model since 2012, promotes sound corporate governance and assists our Management team in decision-making processes. By identifying, evaluating, minimising, and monitoring risks associated with our daily operational activities, we aim to safeguard our business performance and stakeholder interests in the short-, medium-, and long-term. Under the guidance of our Board of Directors and Risk Management and Sustainability Committee, our Risk Management Department analyses and reports on key risks to our overall performance quarterly. We strive to achieve a sustainable balance between taking calculated risks for competitive advantage and managing daily operations to ensure optimal business performance performance. With stakeholders increasingly Prioritising ESG considerations, we are committed to integrating social and environmental aspects into our risk reporting strategy in the years to come, aligning our risk management practices with our sustainability goals.