Since our humble beginnings in 1955, sustainability has been at the heart of our approach to business. Socially responsible and sustainable operations have always been the norm to us and remains integral and vital to our business strategy. Our ambition is to provide our customers and consumers with products and services that meet their expectations whilst minimising the impact of our operations on the environment and local communities around us.
We strive to integrate sustainability initiatives into the Group’s business model. We are fully committed to being a responsible corporate citizen and we strive to bring positive change as a force for good by improving lives everywhere we operate, aiming for a healthy, safe and sustainable environment and considering the needs of the present generation, whilst anticipating the needs of future generations. We consistently raise awareness of sustainability issues amongst our employees so that sustainability starts from within YTL and we can then build value for our stakeholders, manage our businesses and serve our customers as sustainably as possible.
The YTL Group has established itself on a foundation of good business ethics, corporate governance, and respect for stakeholders in all our business dealings. YTL believes in sustainable progress and embeds our core values within our Group’s growth and development. This corporate strategy is applicable to all YTL-owned entities, divisions, associated companies, and operating units, and thus acts as the guiding principles for responsible business and advocacy within the Group.
The Code of Conduct & Business Ethics sets out the acceptable general practices and ethics for the YTL Group and includes policies and measures to address conflicts of interest, abuse of power, corruption, insider trading, money laundering and data protection. On 21 August 2024, the Code of Conduct & Business Ethics was updated to codify existing environmental, social and governance policies and general practices that apply across the YTL Group. The Anti-Bribery & Corruption (ABC) Policy has also been established to ensure that employees understand their responsibilities in compliance with the YTL Group’s zero tolerance for bribery and corruption within the organisation.
Sustainability Tagline
“Making a Good Future Happen” reflects our vision for what the sustainability initiatives at YTL aim to achieve internally and externally across the four pillars of YTL’s sustainability framework – Marketplace, Environment, People and Community. It captures the essence of our efforts to be “A Steward of Our Good Earth” for future generations, and also consolidates the many sustainability initiatives we have conducted throughout the Group over the last few decades. It is also a reminder that the journey towards a truly sustainable future continues for us and our stakeholders.
YTL Group Sustainability Framework
YTL Sustainability Governance
At YTL, we are committed to upholding the highest ethical practices and corporate governance standards in all our dealings. Governance and the creation of value to all stakeholders are mutually dependent and it is critical to business integrity and the creation of sustainable business. Responsible and transparent management of the businesses shows accountability and ensures the long-term success of the businesses. We believe there can be no comprise of these aspects when it comes to the way we govern our businesses, manage risk and analyse opportunities.
Click here to learn more about our Corporate Governance.
Recognising the importance of embedding sustainability in the way we work, the Group set up YTL Group Sustainability Committee (YTL GSC) in 2011. Led by YTL Corporation Berhad’s Executive Chairman Tan Sri (Sir) Francis Yeoh, it comprises representatives from the Group’s Sustainability Division and Senior Management from the entire Group’s Business Units. The committee is responsible for overseeing and ensuring sustainability implementation and setting high-level direction and strategic focus.
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YTL Sustainability Materiality
We conduct materiality assessment exercises in order to develop a better understanding of the various interests of stakeholders as well as internal and external issues that affects our businesses. To ensure the continued relevance of our material matters, we carefully review and refine them annually, where necessary. Click here to read more about our material matters.
Engaging Our Stakeholders
We constantly engage with our stakeholders through various channels, formally and informally. Driving meaningful dialogue with our stakeholders is crucial to our success as a company. Issues raised by stakeholders are prioritised and validated with relevant key personnel and functional representatives, including our Board. It continues to be YTL Group’s process of engaging and maintaining dialogue with our stakeholders to address the most pertinent issues.
Click here to learn more about our Stakeholder Engagement.
