SUSTAINABILITY

OUR SUSTAINABILITY APPROACH

The Group is committed to advancing the United Nations (“UN”) Sustainable Development Goals (“SDGs”) to build a sustainable future. We identify relevant and material sustainability matters through the SDGs and strive to fulfil six (6) ESG core themes to drive SDGs through our business. The information disclosed within this SS covers our primary operations in Malaysia. This SS excludes the performance information of QES’s foreign subsidiaries and our associates.


This SS demonstrates that we have considered and reviewed the material matters relating to the three (3) pillars – environmental, social and governance. We identify our material sustainability matters through a materiality assessment
that focuses on ESG and consider our stakeholders’ interests through regular engagement. Please refer to our “Stakeholder Engagement” on the Group’s ESG approach.

Sustainability Governance

We firmly believe that a robust governance structure is vital to implement our sustainability strategy across the Group and to strengthen relationships with stakeholders and enhance overall accountability in our business operations. The Group’s Sustainability Steering Committee (“SSC”) was established and chaired by the Group Managing Director since 2019 to continuously drive sustainability measures and initiatives. He is supported by a team of key management personnel in implementing strategies towards achieving sustainable performance for the Group. Thereupon, the key material matters are reviewed by our Board of Directors (“Board”) and the SSC will ensure that the material matters are aligned with our sustainability ambition.

Stakeholder Engagement

At QES, we believe that consistent communication and understanding with all internal and external stakeholders is critical in our journey to become a reputable, long-term company with good corporate governance. The Group maintains ongoing dialogues with pertinent stakeholders and shares information in a timely, effective, and transparent way. The invaluable input from our stakeholders guides our company as we strive to become a responsible corporate citizen. To accomplish meaningful engagements that meet the requirements of our stakeholders, we empower and make it our mission for the respective business units to assess the best approach to engage with our stakeholders. We communicate with our stakeholders through a variety of platforms and at varying frequencies, ranging from daily communications to weekly updates to quarterly follow-ups and annual meetings.

Key StakeholdersAreas of InterestsPlatforms Used
DirectorsFinancial Performance
Corporate Governance Practices
Business Strategy
Quarterly Board Meetings
On-Going Interactions
ManagementFinancial Performance
Corporate Governance Practices
Business Strategy Human Capital Management
Monthly Management Meetings
Quarterly Key Management Meetings
Half Yearly Key Management Meetings
On-Going Interactions
EmployeesEmployee Health & Well-Being
Occupational Health & Safety
Compensation & Benefits
Career Development
Employee Corporate Handbook
Memorandum
Intranet
Performance Appraisal
Learning & Development Programmes
Virtual Townhall Meetings
Shareholders/
Investors
Financial Performance
Corporate Governance Practices
Business Strategy Transparency in financial reporting
Risk management
Annual General Meetings
Quarterly Financial Reports
Investors Briefings
Annual Reports
Analyst Briefings
Corporate Website
CustomersTechnologies & Innovation
Product Reliability & Quality
Technical Support Services
Competitive Pricing
Manufacturing Capacity
On – Time Delivery
Compliance with Regulations
Corporate Governance Practices
Technologies & Innovation
Product Reliability & Quality
Technical Support Services
Competitive Pricing
Manufacturing Capacity
On – Time Delivery
Compliance with Regulations
Corporate Governance Practices
Suppliers/VendorsCompliance with Regulations
Corporate Governance Practices
Agreeable Contracts
Terms of Payment
Email Correspondence
On - Site Visit
Daily Interactions
Vendor Assessment & Evaluation
Procedure
Annual Performance Evaluation
Communities/
Societies
Corporate Governance Practices
Community Involvement
Environmental Management
Community Involvement Programmes
Career Fairs
Corporate Website
Social Media (LinkedIn)
MediaRegulatory Compliance
Community Involvement
Corporate Website
Social Media (LinkedIn)

Environmental

Social

Governance