Sustainability

Sustainability | Tropicana Corporation Berhad

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Sustainability at Tropicana

Our 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.

Our ESG 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.

People

Supporting Our People and the Community

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

Planet

Creating Positive Impact to the Planet

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.

Partnership

Bridging Everyone towards Common Goal

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 Journey So Far

Our Sustainability Milestones

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:

  • 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.

  • 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 Guidelines & Priorities

Principle Guideline

Bursa Malaysia Sustainability Reporting Guide (3rd Edition) in September 2022. Our report is based on the latest Bursa Sustainability Reporting Guide (3rd Edition) in meeting the sustainability disclosure requirements in its FY2023 Sustainability Statement.

International Framework


Global Reporting Initiative (“GRI”) Standards 2021

It enables Tropicana to disclose information about the Group’s most significant economic, environmental and social (“EES”) impacts, and how we manage such related risks and opportunities.

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

Tropicana FY2023 Materiality Matrix

Economic

01 Economic Performance
02 Procurement Practices
03 Innovation
04 Indirect Economic Impact
05 Brand & Reputation

ENVIRONMENT

06 Environmental Compliance
07 Energy Efficiency & Climate Change
08 Effluent & Pollution Management
09 Products & Services Responsibility
10 Water Management
11 Biodiversity

SOCIAL

12 Products and Services Responsibility (Social)
13 Occupational Safety & Health
14 Contractor Management
15 Employee Management & Well-Being
16 Water Management
17 Supply Chain
18 Community Engagement
19 Social Compliance

GOVERNANCE

20 Corporate Governance & Guidelines

Our Material Sustainability Matters

We selected relevant indicators from Bursa Securities Berhad and our sector, based on our materiality matrix. These key sustainability matters highlight the economic, environmental, and social risks and opportunities that influence our business and meet our stakeholders' expectations, as reported for the financial year ending 31 December 2023.

Economic Pillar

Materia Sustainability Matters Importance to Tropicana Involved Stakeholder(s) Potential Risks Opportunities to Group Operations Relevant UNSDG
Economic Performance
Procurement Practices
To achieve long-term business growth that benefits current and future stakeholders
To ensure transparency, fairness, accountability and impartiality
throughout the entire procurement process
  • Board of Directors
  • Investing Communities
  • Suppliers
  • Contractors
  • Risk
    Evolving consumer trends and regulatory changes

    Opportunities
    Value creation through innovative
    development
    Economic Performance
    Risk
    Disruption to the global supply chain

    Opportunities
    Uplift local suppliers’ market
    Procurement Practices

    Environment Pillar

    Materia Sustainability Matters Importance to Tropicana Involved Stakeholder(s) Potential Risks Opportunities to Group Operations Relevant UNSDG
    Environmental Compliance To minimise environmental impact via compliance and legislative requirements throughout the Group’s supply chain
  • Local Authority
  • Suppliers
  • Contractors
  • Customers
  • Risk
    Resource use during development

    Opportunities
    Safeguard the environment through compliance


    Energy Efficient & Climate Change To create awareness of responsible energy consumption practices and contribute towards minimising carbon emissions
  • Local Authority
  • Suppliers
  • Customers
  • Investing Communities
  • Risk
    Resource use and carbon emission

    Opportunities
    Innovative technology to reduce emissions



    Effluent & Pollution Management To employ sound waste disposal methods in compliance with national and local environmental regulations as well as requirements outlined in the Environmental Management Plan
  • Local Authority
  • Suppliers
  • Customers
  • Investing Communities
  • Risk
    Exposure to pollution and poison

    Opportunities
    Safeguard the environment through compliance



    Water Management To minimise environmental impact via compliance and legislative requirements throughout the Group’s supply chain
  • Local Authority
  • Suppliers
  • Customers
  • Investing Communities
  • Risk
    Resource use during development Exposure to pollution and poison

    Opportunities
    Safeguard the environment through compliance



    Biodiversity To recognise the value of biodiversity and take action to conserve it
  • Local Authority
  • Suppliers
  • Customers
  • Investing Communities
  • Risk
    Habitat loss

    Opportunities
    Preserve biodiversity through compliance

    Environmental Compliance To minimise environmental impact via compliance and legislative requirements throughout the Group’s supply chain
  • Local Authority
  • Suppliers
  • Contractors
  • Customers
  • Risk
    Resource use during development

    Opportunities
    Safeguard the environment through compliance


    Social Pillar

    Materia Sustainability Matters Importance to Tropicana Involved Stakeholder(s) Potential Risks Opportunities to Group Operations Relevant UNSDG
    Employee Management and Well-being To develop a balanced and productive workforce that represents the Group in an exemplary manner while achieving job satisfaction
  • Board of Directors
  • Employees
  • Risk
    Welfare of employees

    Opportunities
    Fair practices and equality



    Talent Development To promote a continuous learning environment that enhances the employability of our workforce and provides value-added services to our stakeholders
  • Employees
  • Risk
    Brand knowledge and upskilling

    Opportunities
    Encourage career development and service excellence


    Occupational Health and Safety To protect the well-being of our workforce and ensure the safety of all stakeholders
  • Board of Directors
  • Contractors
  • Government
  • Customers
  • Employees
  • Risk
    Workplace health and safety conditions

    Opportunities
    Safeguard the welfare of employees and the general public

    Contractor Management To engage with contractors with values and principles that are aligned with the Group's production objectives
  • Contractors
  • Government
  • Risk
    Construction practices

    Opportunities
    Cost optimisation and high-quality development

    Product & Services Responsibility To continuously improve the quality of our deliverables and enhance services that exceed the expectations of our customers
  • Board of Directors
  • Customers
  • Investing Communities
  • Risk
    Customer satisfaction

    Opportunities
    Value creation through enhanced brand reputation

    Brand and Reputation To build up a positive brand reputation in increasing the company value and position
  • Board of Directors
  • Employees
  • Customers
  • Investing Communities
  • Government
  • Contractors
  • Risk
    Threat to the company’s image and loss of confidence from the stakeholders

    Opportunities
    Build stakeholders’ trust and loyalty

    Community Engagement To encourage the culture of giving back while endorsing harmonious living that uplifts the well-being of wider societies
  • Customers
  • Risk
    Impact of development on the surrounding community

    Opportunities
    Improve the livelihood of the community

    Governance Pillar

    Materia Sustainability Matters Importance to Tropicana Involved Stakeholder(s) Potential Risks Opportunities to Group Operations Relevant UNSDG
    Corporate Governance and Guidelines TTo conduct business ethically in compliance with all applicable anti-bribery, anti-corruption and data privacy laws and regulations of the country in which the Group operates
  • Board of Directors
  • Investing Communities
  • Contractors
  • Government
  • Customers
  • Employees
  • Risk
    Organization reputation

    Opportunities
    Inculcate good governance and ethical business practices
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