IOI Properties Group Bhd

Lobbying Governance

AI Extracted Evidence Snippet Source

In February 2024, the Board Sustainability Committee (BSC) was established to assist the Board in providing oversight on the Group's sustainability matters and environmental, social, and governance (ESG) practices. This is in light of the increasing Board responsibilities, driven by various sustainability frameworks, standards and requirements. These include the Listing Requirements of Bursa Malaysia, the recommendations of the Task Force on Climate-related Financial Disclosures, as well as the upcoming International Sustainability Standards Board's standards. [...] The BSC, led by the BSC chairman, supports the Board in its oversight responsibility on sustainability matters, which include but are not limited to climate change, health and safety, anti-corruption, compliance, human rights etc. [...] The BSC is supported by the Sustainability Steering Council ("SSC"). The Group CEO, also a sitting Board member, chairs the SSC that leads the Group's sustainability and climate-related matters. The Group CEO is assisted by the Head of Group Corporate Sustainability ("GCS"), driving the sustainability agenda across the Group, supervising SSC on the management of EESG and climate-related risks and opportunities, policy matters, and long term sustainability performance.

https://files.ioiproperties.com.my/dsites/s3fs-public/annual-report/file/IOIPG%20IAR2024_Annual%20Report_Low_Res.pdf