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Fima CORPORATION Berhad
(197401004110) (21185-P) •
Annual Report 2020
47
STAKEHOLDER AREAS OF FOCUS
OUR APPROACH
Suppliers
• Quality control
• Business ethics
• Training & support
• Supply chain transparency
• Sustainability requirements
We require our suppliers to live up to sound social and environmental
standards. We also know that our suppliers expect us to conduct our
business fairly and honestly; hence establishing trust and long-term
relationships.
Collaborating with suppliers to secure long-term availability of
materials and to pursue future opportunities.
Requirement for third-party service providers and suppliers to declare
their compliance to the Groups anti-bribery policy.
National
and local
Governments
• License to operate
• Compliance & regulations
• Land issues
• Level ‘playing fields’ for all sectors
• Local economic development
programs
• Corporate Responsibility initiatives
Industry-specific matters
We are often a major economic contributor to the local and national
jurisdictions in which we operate. Our tax and other contributions
enable governments to develop and maintain public works, services
and institutions.
We proactively engage the government and regulators on policy
matters at local, provincial and federal levels and provide support of
national agendas.
Materiality Matrix
A stakeholder survey and materiality analysis were undertaken in the last financial year by way of interviews, questionnaires, desktop
peer analysis, industry analysis, and consideration of relevant sustainability trends. We wanted to know how our Group and our
performance was perceived with respect to sustainability and to assess how this must translate to future action. All stakeholders were
asked to give their opinions on how important the topics are from their perspective as stakeholders. These survey results and analysis
remain valid during this reporting period.
Internal
survey
External
survey
Identify issues that
could have an impact
on the Group’s value
creation process as well
internal strengths and
weaknesses and broader
contextual trends
Distribution
of surveys
Evaluate
internal
issues
Evaluate
external
issues
based on their
significance
Reviewed by and presented to
Sustainability Committee
Final scoring
and issue
prioritization
Determine
matters to be
disclosed in
the report