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Ytl Corporation Berhad 92647-H YTL CORPORATION BERHAD 92647-H the journey continues... www.ytl.com.my www.ytl.com.my/sustainability www.ytlcommunity.com YTL CORPORATION BERHAD YTL CORPORATION BERHAD 92647-H 11th Floor Yeoh Tiong Lay Plaza 55 Jalan Bukit Bintang 55100 Kuala Lumpur Malaysia Tel • 603 2117 0088 603 2142 6633 Fax • 603 2141 2703 92647-H sustainability report 2013 sustainability report 2013 This report is printed on environmentally friendly paper. TABLE OF CONTENTS 02 Managing Director’s Review 06 Foreword by Sir Jonathon Porritt 07 About this Report 08 About YTL Corporation Berhad 17 Our Approach to Sustainability 20 Embracing Our Marketplace 32 Protection of the Environment 80 Empowering Our People 98 Empowering Our Communities 130 Find Out More 132 Be Part of the Solution YTL CORPORATION BERHAD 92647-H the journey continues... Sustainability Report 2013 MANAGING DIRECTOR’S REVIEW Dear Stakeholder, The debate on anthropogenic impacts on the environment continues to rage. We nevertheless remain firm in our belief that mitigating these impacts regardless of the causes of climate change is a priority for the YTL Group and our stakeholders. President Barack Obama termed climate change “the global threat of our time”, and yet, there is surprisingly little being spent on real research. This year the Intergovernmental Panel on Climate Change (IPCC) is being funded with USD9.3 million, roughly equivalent to what the county of Cumbria in TAN SRI DATO’ (DR) FRANCIS YEOH SOCK PING PSM, FICE, CBE, SIMP, DPMS, DPMP, JMN, JP North West England spent fixing potholes in 2012. Managing Director’s Review THE ENVIRONMENT & SOCIETY comments about the pace of climate good” without ensuring that our change at the World Economic Forum stakeholders have similar values and The environment is not our only focus in that I attended earlier this year, stating practices to ourselves. In a world of finite sustainability. Climate change will result “I underestimated the risks. The planet natural resources, prudent and frugal use in shortages of food and water, higher and the atmosphere seem to be must be a cornerstone of our risk of flooding, and will affect billions of absorbing less carbon than we expected environmental policy. There can be no people across the planet. Rising levels of and emissions are rising pretty strongly. Faustian bargain in this regard. unemployment and inequality are as Some of the effects are coming through worrying for social cohesion as rising sea more quickly than we thought.” This Working with our non-profit partners, we levels are for those living under or near was just four months prior to the have the opportunity to hand over the poverty line. Linked to this scenario, announcement that the concentration of control of research and execution to the similar concerns are emerging regarding carbon dioxide in the atmosphere had experts in their respective fields. In a growing moral vacuum created by an reached 400 ppm (parts per million) for biodiversity and conservation, we increasingly materialistic society. the first time in three million years. continue to support Non-Governmental Compassion, social trust and moral Organisations (NGOs) such as Reef Check reciprocity are values that need Needless to say, advocacy, the promotion Malaysia and Rare Conservation, and for restoration, especially in emerging of best practices and defensible supply community, arts and culture, we similarly economies. chains continue to be an important part support and delegate to the arts and of our sustainability policy. So it is not charitable organisations such as those Energy and water poverty remain at just about YTL, but it is about ensuring involved with breast cancer, Human persistently high levels, and extreme that we have robust supply chain partners Immunodeficiency Virus (HIV), and so weather patterns and marginalised with strong integrity and equally on. What used to be philanthropy for people do not make for an environment sustainable practices. We cannot possibly businesses is now business as usual in which businesses can prosper. In fact, effect our goal of “being a force for for YTL. Lord Stern made some disturbing Sustainability Report 2013 • YTL Corporation Berhad 3 Managing Director’s Review “Education is the EQUITABLE & SUSTAINABLE GROWTH Whilst YTL remains a global player, there is an increased most powerful focus on sustainable solutions for Asian growth and development. This means that in Asia, solutions need to be by design rather than by default. Asia escaped the worst of weapon we can use the European debt crisis but it is clear that positive regulatory frameworks conducive to spur infrastructure investment in to change the world.” the region are essential to bring Asia successfully into the developed world. This investment will be required in water, ~ Nelson Mandela communications, transportation, roads and so on. This entails progressive thinking and sustainable solutions, EDUCATION sometimes only achieved through coercing and encouraging the development of the very frameworks that will encourage Nelson Mandela once mentioned that “Education is the most powerful weapon we can use to change the world.” the investment flows required to enable this sustainable growth. By working directly with organisations such as the By 2050, the world’s population is expected to reach nine billion, World Economic Forum, the Business Council for Sustainability so sustainable growth will be critical to alleviating the immense and Responsibility Malaysia and various Government agencies pressures that will be exerted on the planet. Awareness and and ministries around the region, YTL is able to provide an education are essential to rethinking our approach to human additional perspective on policy formation and sustainable impacts on the environment and this is why education has taken growth strategies. such a fundamentally important position in our sustainability strategy. Here, the YTL Group has embarked on a multi-layered Transportation is a key part of the investment required to strategy to promote education. From providing connectivity in move developing economies forward and raise the standard the form of hardware and software under our Yes 4G network, of living in an equitable and sustainable manner. This is one bandwidth for education bodies through 1BestariNet, sponsoring through the Teach For Malaysia programme, education platforms of the reasons I have been leading the initiative to build a such as FrogAsia and engagement methods, we have managed high speed rail network initially between the capital cities of to integrate our approach to better meet the challenges of the Kuala Lumpur and Singapore. Building the infrastructure is 21st Century. not just a commercial opportunity, but it will lead to an environment conducive to further infrastructure investment Advances in technology continue to change the way we and sustainable development generally. This happened in develop and advance education platforms and communication Korea, Taiwan, China and in Europe along the network tools. In managing our strategy going forwards, the accelerating routes – development was enhanced with a strong multiplier speed of communication necessitates even faster response effect and numerous benefits for local communities. At the times. The waves of social and economic issues that threaten same time, there was a positive impact on the environment. to inundate policy and decision-making requires solving multiple problems simultaneously. 4 Sustainability Report 2013 • YTL Corporation Berhad Managing Director’s Review HUMAN CAPITAL LOOKING TO THE FUTURE Nurturing talent and skills internally is core to building and Whilst we still have numerous challenges ahead, I believe we maintaining the foundations on which future initiatives are are moving the DNA of the Group to one where the strategies built across the entire spectrum of sustainability activities of and policies of each business unit will be governed first and the Group. The culture of the Group is founded on a long- foremost by the principles of sustainability. Externally, we trust term outlook, providing quality service and products at that by promoting positive and ethical behaviour, this will competitive prices, and the understanding and mastering of encourage the development of a more civil and moral society, the three languages of God, Man and Machine; the language the active protection of resources, and result in transparency. of God which guides integrity and morality, the language of This is not just a journey for us, but a way of life. I hope this Man which ensures articulation, and the language of Machine report will encourage others both embarking on or moving which is the understanding and harnessing of technology. along the same path, and at the same time demonstrate how we continue to evolve. By continually striving to provide the cultural guidance and space for employees to build their own sustainability May God bless each and every one of us in all of our positive programmes, we have seen a sharp increase in the number of endeavours. initiatives throughout the Group. For instance, the PURE activities in Gaya Island Resort connects with environmental and cultural elements, and a Turtle Rescue Programme has been set up at the Gaya Island Resort Marine Centre (GIRMC). Similarly, YTL PowerSeraya has adopted a charity called GROW (Goodwill TAN SRI DATO’ (DR) FRANCIS YEOH SOCK PING Rehabilitation Occupational Workshop), Wessex Water has PSM, FICE, CBE, SIMP, DPMS, DPMP, JMN, JP initiated a program to help customers with financial difficulties to make bill payments under a scheme called “tap”, YTL Managing Director Cement’s Perak & YTL Power’s PT Jawa Power plants attained YTL Corporation Berhad ISO 50001 accreditation, and YTL Construction Singapore is certified as a Green and Gracious Builder, to name just a few of the recent initiatives. Sustainability Report 2013 • YTL Corporation Berhad 5 FOREWORD BY SIR JONATHON PORRITT That “looking in” to the company’s own resources is matched by a whole host of external commitments – through The Malaysia Fellowship Programme, the “Lightbulbs” scheme to inspire entrepreneurship, the many different scholarships which YTL provides and so on.
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