TO PROPERTY SITE

SUSTAINABILITY STATEMENT / CORPORATE SOCIAL RESPONSIBILITIES

  1. INTRODUCTION

    Amverton Berhad (“AMVERTON” or “the Group”) is company listed on the Malaysian Stock Exchange which is involved in Property Development and Construction, Leisure and Resort, Agricultural and Plantation and Automotive Parts and Distribution.

    This Sustainability Statement is prepared based on the Sustainability Reporting Guide issued by Bursa Malaysia Securities Berhad ("Bursa Malaysia") which sets out our approach and initiatives being considered and taken to inculcate the sustainability culture within the Group.

    The contents of this Statement will be useful to our stakeholders which comprise our investors, employees, customers (house buyers, tenants, dealers etc), suppliers, contractors and the local community.

  2. OUR COMMITMENT

    AMVERTON has always been committed to sustainability in our business model. The Group have always engaged with the stakeholders on their economic, environment and social well-being.

    The Group’s journey in sustainability began more than 40 years ago with the incorporation of its first subsidiary company. The Group remains committed to sustainable practices for the foreseeable future.

  3. SUSTAINABILITY GOVERNANCE

    The responsibility of sustainability strategy and performance together with its purpose, values and strategies remain with the Board of Directors of AMVERTON. However, in recognising the importance of Sustainability in the operations of the business, the Board established a Sustainability Committee (“SC”) on 23th August 2018 to oversee sustainability matters.

    The Sustainability Committee comprise the following members:

    Tan Sri Dato’ Dr. Sak Cheng Lum (Independent and Non-Executive Director)–Chairman
    Dato’ Milton Norman Ng Kwee Leong (Non-independent and Executive Director)
    Ooi Hock Guan (Non-independent and Executive Director)
    Ooi Hun Yong (Non-independent and Executive Director)

    At the operational level, the Managing Director formed a team to monitor and manage the economic, environmental and social risks as part of the day-to-day business operations and where necessary to report to the SC and the Board.

    We recognise the importance of keeping up to date with sustainability reporting requirements by Bursa Malaysia. To meet this, selected members of the Board and Management have attended sustainable workshops conducted by Bursa Malaysia.

  1. MATERIALITY PROCESS

    We are currently reviewing our sustainable matters to determine their materiality both from the view of the business and also from the point of the various stakeholders. This is to assist us to strategise, focus and prioritise our action plans.

    In the meantime, we continue to focus on the initiatives we began last year and have added some new items :

    • AMVERTON’s Wide Range of Housing Products

      • AMVERTON continues to provide a wide range of products ranging from double-storey link houses to bungalows. This caters for the needs of the whole community, from the young individual to families looking to upgrade their properties.

    • Strong Financial Standing

      • The Group continues to maintain its strong financial standing by its continued practice of prudence in cost saving and efficiency. AMVERTON continues to self-finance projects and is positive that it is able to survive the economic environment which is poised to slow down in the foreseeable future.

    • AMVERTON brand

      • The AMVERTON brand has been accepted as a brand of excellent quality and after-sales service. This enhances the Group's sustainability in the property market.

    • Gated/Guarded Housing Projects

      • We continue to launch housing projects with Gated/Guarded Housing concept to cater to the needs and wants of the house buyers for comfort and security when looking for a home.

    • Club Houses/Social Programs

      • Our housing projects continue to have club houses in line with the current trend of communities’ need to socialise with their neighbours.
      • We continue to organise social programs to enhance community togetherness like Chinese New Year open house, etc.

    • Employee Togetherness and Efficiency

      • We recognise the need for employee togetherness for sustainability. We have therefore organised team building sessions for our employees and will continue to organise such events for the togetherness of employees from all segments of the organisation for greater efficiency.
      • We have also embarked in a journey of ISO certification to further improve work efficiency and systematic processes.

  1. MOVING FORWARD

    AMVERTON endeavours to continue improving the economic, social and environmental issues to remain sustainable.

Amverton CSR STATEMENT

Amverton Group, as a responsible corporate citizen, is committed to conducting business in a manner which achieves sustainable growth whilst fulfilling legal, ethical, professional and moral standards.

We aim to achieve our business objectives in a caring and responsible manner recognising the economic, social and environmental impacts of our activities on all our stakeholders.

Education and training, quality, safety, health care are just some of the priorities for both our employees and communities.

As a responsible corporation and at the personal capacities of our Directors and staffs, we will continue to build communities around us in other ways from our usual mode of business.

Personal contributions of RM100,000.00 each to Chung Hua Primary School, Kota Kemuning and University Tuanku Abdul Rahman in 2006 & 2007 respectively by Tan Sri Dato' IR Ng Thian Hock, Chairman, Amverton Berhad.

Amverton Realty's contribution of RM5,000.00 to Larian Bandar Diraja in 2006.

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